News Releases
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.
SOURCE Hyundai Capital America