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Hyundai Capital America: Strong results despite global chip shortage
While the car industry still reels from a dearth of chips, Hyundai Capital America has found a way to minimize the impact on its business.
By Metrobank
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If you are a qualified individual buyer (QIB) looking for short-term placements with a decent yield pick-up, you may consider Hyundai Capital America (HCA), a global leader in automotive financing.
It has shown strong second quarter 2022 financial results, with core automotive segment posting a 58% increase in operating profits and 16% increase in revenues year-on-year.
This despite a global shortage in chips used in cars. The rosy results can be attributed to optimized net pricing, a shift toward SUVs, and favorable foreign exchange rates.
Hyundai Motor Group, its parent company, grew its global market share, excluding China, to 11% in 2021 vs 8% in 2010. Its US market share also grew from 7.5% in 2016 to 10% in 2021.
We also like that its credit rating is aligned with Hyundai Motor due t