StaffAllpar HomeMore NewsCarsTrucksUpcomingRepairsTest drives

FCA lender Santander dropped 800 dealers

by David Zatz on

Santander Consumer USA, which includes Chrysler Capital, has dropped over 800 dealerships since 2015, according to Automotive News, quoting a conference call.

The company did not say how many of these are FCA dealerships; the company is not run by, or exclusive to, FCA. There are now 2,000 FCA dealers covered by Santander, of FCA’s roughly 2,440 dealers.

Santander Consumer USA’s CEO, Jason Kulas, said, “We believe there’s a direct connection between strong consumer practices, a culture of compliance and the creation of shareholder value.”  For that reason, it checks dealer performance each quarter — starting last year, including qualitative metrics such as negative publicity, evidence of false documents, and complaints.

As an outside company, Santander may able to reward and punish dealers based on customer metrics, while FCA would be heavily restricted by franchise laws.

 

Dodge Charger GT AWD
FCA announces UAW deal while Dodge launches Charger GT AWD
durango pursuit
Is the Charger still the best police car, and how’s the Durango?

Hellcat Challenger quarter mile world record drops to 7.66

More Mopar Car
and Truck News

Some popular Allpar pages





Dodge Demon

2018 Wrangler JL



Staff details/contactsTerms of ServiceInformation is presented to the best of our knowledge. Plans change and sometimes mistakes are made. Decisions or purchases made based on this site's verbiage or images are done at the reader's own risk. Also see the Allpar News archives, 1997-2008 • Copyright © VerticalScope Inc. All rights reserved. • Mopar, Dodge, Jeep, Chrysler, HEMI, and certain other names are trademarks of Fiat Chrysler Automobiles.