IRVINE, Calif., Sept. 5, 2014 /PRNewswire/
-- Tomorrow, September 6, Hyundai Capital
America (HCA), a top-10 U.S. auto finance company that does business as "Hyundai
Motor Finance" and "Kia Motors Finance," will celebrate its 25th
Anniversary and 25 years in Orange County, CA.
Originally
formed as Hyundai Motor
Finance Company in 1989, it was the fastest captive auto finance company launch
in U.S. history, achieving national coverage by the end of 1990.
While
Hyundai Capital America has come a long way since its beginnings 25 years ago,
including launching its Kia-branded
financing label in 2004, its impressive growth really occurred more recently.
By the end of 2005, Hyundai
Capital America was a $1 billion company. Since
then, it grew exponentially to over 1 million customers and received its own
investment-grade rating in 2012, and topped $20 billion
in assets in 2013—with half of that growth occurring in the past 3 years.
During that time, the company also opened two operations centers—one in Atlanta and one in Dallas—and expanded into its new
headquarters building in Irvine.
As
the company has grown in size, it has also significantly grown its functional
expertise, offering career opportunities across 16 departments, including
robust Treasury, Risk, Credit & Underwriting, Sales, Marketing, IT, and
Information Protection functions. In 2013, the company launched a
Hyundai-branded line of vehicle protection products, and this year lent
its talent and expertise to help launch Hyundai Capital in Canada.
Hyundai
Capital America employs over 1,940 people nationwide (including temps and
contractors), with 890 of them based in Orange County.
The company is continuing to grow and hire with over 200 openings, including 90
in Orange County.
The
company wishes to thank its partners, customers, and employees for a fantastic
25 years, and looks forward to continuing our journey together for many more
years to come.
ABOUT
HYUNDAI CAPITAL AMERICA
Headquartered in Irvine, CA, Hyundai Capital
America is a top-10 U.S. auto finance company supporting the financial services
needs of Hyundai Motor
America and Kia Motors America. Through its brands, Hyundai Motor Finance and Kia
Motors Finance, 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 2014, the company serves over 1.3 million
customers and over 1,500 dealers nationwide, and has over $20
billion in assets. In addition to its headquarters, Hyundai Capital
America has three operations centers in the US—in Atlanta,
Dallas, and Irvine.
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