Santander Consumer USA Holdings Inc (SC) Sets New 52-Week Low Following Weak Earnings

Category: Auto Financing
Published: Sunday, 31 January 2016
Written by Super User

Several large investors have recently made changes to their positions in the stock. ING Groep raised its stake in shares of Santander Consumer USA Holdings by 4.5% in the third quarter. ING Groep now owns 300,927 shares of the companys stock valued at $6,142,000 after buying an additional 13,008 shares in the last quarter. Quantitative Systematic Strategies purchased a new stake in shares of Santander Consumer USA Holdings during the fourth quarter valued at about $935,000. Finally, Atria Investments raised its stake in shares of Santander Consumer USA Holdings by 22.2% in the fourth quarter. Atria Investments now owns 18,388 shares of the companys stock valued at $258,000 after buying an additional 3,342 shares in the last quarter.

The stocks 50 day moving average is $14.91 and its 200 day moving average is $19.65. The stock has a market capitalization of $3.92 billion and a price-to-earnings ratio of 3.75.

Santander Consumer USA Holdings Inc. is a holding company. The Company is a specialized consumer finance company focused on vehicle finance and unsecured consumer lending products. The Company offers various auto financing products and services to Chrysler customers and dealers under the Chrysler Capital brand. These products and services include consumer retail installment contracts and leases, as well as dealer loans for inventory, construction, real estate, working capital and revolving lines of credit. The Company also originates vehicle loans through a Web-based direct lending program, purchases vehicle retail installment contracts and services automobile and recreational and marine vehicle portfolios for other lenders. Its products and services include vehicle finance, and origination and servicing.

Hyundai Capital America Is Proud to Provide Auto Finance 101 to Consumers

Category: Auto Financing
Published: Sunday, 31 January 2016
Written by Super User

IRVINE, Calif., Jan. 27, 2016 /PRNewswire/ --Hyundai Capital America(HCA), a top-10 US captive auto-finance company that does business as Hyundai Motor Finance and Kia Motors Finance, is proud to announce it has developed new point-of-sale educational booklets to help consumers understand the ins-and-outs of auto financing.

The Financing 101 and Leasing Benefits booklets, available at Hyundai and Kia dealerships across the nation, are designed to help consumers make more informed car-buying decisions. They explain vehicle financing options in a simple and relatable way so consumers can feel comfortable with the financing process and confident in their decision.

Hyundai Capital America, through the Hyundai Motor Finance and Kia Motors Finance brands, led the industry in providing complimentary credit scores to all of its customers. Since then, the company has been increasing its efforts to empower consumers with easy-to-understand information they need to make the right auto-financing decision for their budget and lifestyle.

Were consistently looking for ways to add value for our partners and consumers, and we believe these straightforward guides to vehicle financing really resonate with consumersespecially those who may be buying or leasing a vehicle for the first time, said Scott Belkofer, vice president of sales.

The new educational booklets are part of a suite of materials HCA has developed to empower consumers with easy-to-understand information about everything from purchasing or leasing a vehicle, to what to expect and how to prepare when returning your lease.

Combined with other efforts, like the companys Financial Futures employee volunteer program teaching financial literacy to at-risk youth, and providing guides to understanding your credit score on the Hyundai Motor Finance and Kia Motors Finance websites, the new materials are part of a holistic approach HCA is taking to make more information about financing and credit available to consumers.

Headquartered inIrvine, CA,Hyundai Capital Americais a top-10 US auto finance company supporting the financial services needs of Hyundai Motor America and Kia Motors America. Through theHyundai Motor Finance andKia Motors Finance brands, the company provides financial products to Hyundai and Kia dealerships nationwide, including dealer inventory and facility financing, as well as indirect vehicle financing for retail and lease customers. Through its subsidiary,Hyundai Protection Plan, the company offers vehicle service contracts and other vehicle protection products under the Hyundai Protection Plan and Power Protect brands. As of 2015, the company serves over 1.5 million customers and over 1,500 dealers nationwide, and has over$25 billionin assets. In addition to its two offices inOrange County, CA, Hyundai Capital America hascustomer support centers in Atlantaand Dallas.

Kia Motors Finance is the registered trademark of Kia Motors America, Inc. and is used with permission.

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SOURCE Hyundai Capital America


Defending Debt Collection Suits In The Auto Finance Arena

Category: Auto Financing
Published: Sunday, 31 January 2016
Written by Super User

Law360, New York (January 25, 2016, 12:26 PM ET) -- According to the Consumer Financial Protection Bureau, debt collection is the leading source of consumer complaints. Many debt collection statutes, including the Fair Debt Collection Practices Act, provide for a private right of action and damages against companies that violate their provisions. Some recent case law under the FDCPA could provide important defenses for auto financing companies opposing such lawsuits.

Who is a Debt Collector?

As a preliminary matter, one must be a debt collector in order to fall under the purview of the FDCPA.[1] The...

China's First Used Automobile Finance Leasing ABS Issued

Category: Auto Financing
Published: Sunday, 31 January 2016
Written by Super User

BEIJING, Jan. 25, 2016 /PRNewswire/ -- Renren Inc. (NYSE: RENN) (Renren or the Company), a leading real name social networking internet platform in China, today announced the issuance of the Shanghai Renren Finance Leasing Asset-Backed Special Plan (the Plan) on January 21, 2016. The Plan will be traded on the Shanghai Stock Exchange. The Plan is Chinas first asset-backed security product collateralized by finance leasing of used automobiles.

The originator of the Plan is Shanghai Renren Finance Lease Co., a wholly owned subsidiary of Renren that was established in 2015 and holds the requisite licenses from the Ministry of Commerce in China. The Plan is administered by Xinyuan Asset Management, a subsidiary of Nanjing Bank. The size of the Plan is approximately RMB299.8 million and consists of three tranches: AAA-rated securities (68%), AA-rated securities (10.5%) and interests held by the originator (21.5%). The Plan is rated by United Ratings. Deloitte and Qin Li Law Firm, a member of the international Deloitte network, advised the Plan on internal auditing, accounting, taxation, cash flow analysis and project coordination. Grandall Law Firm issued a legal opinion for the Plan.

About Renren Inc.

Renren Inc. (NYSE: RENN) operates a leading real name social networking service (SNS) and an internet finance business in China. Our SNS enables users to connect and communicate with each other, share photos and play online games. Our internet finance business includes primarily consumer financing and auto financing. and our renren mobile application had approximately 228 million activated users as of September 30, 2015.

For more information, please contact:

Cynthia Liu
Investor Relations Department
Renren Inc.
Tel: (86 10) 8448 1818 ext 1300
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Renren Inc.