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Santander Consumer USA Sidesteps Selloff

  • Aired: 1/23/2014
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Synopsis >

Shares of auto-lender Santander Consumer USA remained positive today despite the market's selloff. The IPO priced at $24 per share this morning and CEO Thomas Dundon says he expects big things in the coming year as the company expands its lending network. The company, which has a special relationship with Chrysler, has a serviced finance portfolio of approximately $21 billion, relationships with nearly 14,000 U.S. auto dealers, and retail installment contracts with more than 2 million customers.

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