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Getting a firm grip on the future at Santander Consumer USA
Who’s behind the wheel? Young car buyers, apparently. And the rest of us better be ready to ride along. That was the point of a recent column, “Young consumers lead the drive to online financing,” by Jim Henry in Automotive News, autonews@crain.com. “More consumers are submitting their own credit applications online rather than letting dealership F&I [Finance and Insurance] manager do it for them, auto lenders and industry observers say,” according to Henry’s column. Nearly everywhere you look, retailers from clothing to cars, tell us that Generation Y is in the driver’s seat for new trends, buying power and the… Read More

What a concept: A new Honda sports car for 2014
Almost a year after the Tokyo Motor Show that introduced the Honda Small Sports EV concept car, details have emerged on a virtual look-alike, gas powered sports car expected to go on sale in Japan in 2014. And it’s Honda that has broken the ice. Honda CEO Takanobu Ito has confirmed “development of a new open-top sports car,” writes Viknesh Vijayenthiran of High Gear Media in an article titled “Honda working on new convertible sports car” at FoxNews.com. The new model “will have a focus on ‘strong vehicle dynamics,’” Vijayenthiran writes, quoting Ito from a speech addressing his company’s future… Read More

Putting a charge into electric car technology
Tesla Motors put a supercharge into the news media coverage of electric cars this week when the company’s co-founder announced that it had set up six solar-powered “supercharger” stations in California with plans to expand nationwide in 3-5 years. Within hours of the announcement the media was abuzz with coverage by every outlet from Christian Science Monitor to NBC News, Bloomberg Businessweek and PC Week. The Tesla Model S is the only vehicle right now that can take advantage of the proprietary technology involved, and it costs more than most car buyers will want to or can spend – starting… Read More

Average fuel economy increases for new cars, TrueCar reports
TrueCar.com’s latest report on average fuel economy for new cars sold provides some otherwise hard-to-find good news in higher gasoline prices, which were running near their peak average nationally on Sept. 11. Fuel economy increased to 23.2 mpg in August “after four months of decline,” according to TrueCar. That “TrueMPG” represents an increase from 23.1 mpg in July and 21.7 mpg in August 2011. “Just four years ago, in August 2008, TruMPG was 20.3 mpg,” reported TrueCar.com. TrueCar describes itself as the authority on new car pricing information, trends and forecasting. "Relatively higher gas prices and attractive incentives helped improve… Read More

Auto sales showing real, continuing strength
New vehicle sales are putting some real muscle into the still-stumbling economy, led not by muscle cars, but by small cars and big trucks. The strong August sales figures for new vehicles suggest that the trend won’t change any time soon as some industry experts expect growth to continue into 2017. “Roughly 12.4 million new vehicles will be driven off dealer lots this year, according to the IBISWorld report,” says a story that appeared in the Los Angeles Times online Sept. 5, the day after automakers reported their August sales figures. Those results showed double-digit sales at all five major… Read More

The 10 coolest rides under $18,000
The 10 Coolest Rides Under $18,000: Kelley Blue Book Cool is in the eye of the beholder. But auto industry experts at Kelley Blue Book: The Trusted Resource took a crack at the 10 coolest cars of 2012-2013 in a list published on the KBB website. Ten different manufacturers are represented on the list, more than half of which can claim an option of 40 mpg or greater. So, besides the low sticker price, they give drivers a break at the gas pump. “Whether you’re looking to express yourself through sheet metal, maximize your in-car connectivity or (re)discover the joy… Read More

Auto sales revved up in August
August Is Second-Best Month of 2012 for New Auto Sales That sound of revving car engines you heard in August might not have been your imagination. But most of the new engines, at least, would have been Japanese. In a report by Melodie Warner posted online by The Wall Street Journal’s Market Watch, “new U.S. car sales are expected to climb 20 percent in August” compared to a year earlier, when there was one less automobile selling day. TrueCar.com forecast a slightly smaller rise in sales, with total sales expected to top 1.25 million cars and trucks. The increase was… Read More

Santander's Commitment to the Community
Santander's Commitment to the Community In addition to helping people get auto loan financing, Santander Consumer USA (SCUSA) is also involved in helping others through volunteer work. By participating in events like the annual Katy Trail 5K Run-Walk-Skate in Dallas, blood drives and The Dallas Heart Walk, SCUSA employees have been lending their time to help others through the commitment to the community project. Recently, in partnership with Random Acts of Kindness: SoupMobile, dozens of employees gathered to make 500 ham and cheese sandwiches, 500 bags of chips and 500 bags of cookies. The items were then boxed up and… Read More

NADA Video Recap
Though the 2012 NADA & ATD Convention & Expo has wrapped up, Santander Consumer USA Inc. continues to receive great feedback about the event. We've been posting video footage of conversations we had with dealers and attendees on our Santander YouTube page, and the response has been overwhelmingly positive. We also added a behind-the-scenes look at the two-story Santander booth, including footage of booth #1566 in the construction phases, and all of the activity from the red carpet. We are looking forward to seeing everyone again in Orlando, Florida, at next year’s NADA event. Follow us on Twitter and Facebook for Santander Consumer USA updates all… Read More

Santander Booth Named "Top Attraction" at NADA 2012
Wow, what a week! Not only did we experience Super Bowl Sunday, but the Super Bowl of all auto expos -- the NADA & ATD Convention & Expo -- has been in full swing. By all accounts, Santander Consumer USA Inc. could be crowned the MVP of the four-day event. Booth #1566, with its state-of-the-art, two-story, 1,800-square-foot design, has been a focal point of activity the entire time, as attendees have huddled up to compliment Santander and participate in a game called Santander Super Squares with prizes up to $500. The booth was recognized by an automotive publication at the expo, who picked it… Read More