INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Against Santander Consumer USA Holdings Inc.

Glancy Binkow & Goldberg LLP reminds investors of Santander Consumer USA Holdings Inc. (“Santander Consumer” or the “Company”) (NYSE:SC) that all purchasers of Santander Consumer securities pursuant and/or traceable to the Company’s Registration Statement and Prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s initial public offering on or about January 23, 2014 (the “IPO”), have until October 27, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.

Investors who have losses of $50,000 or more are encouraged to contact the firm for more information. Please contact Lesley Portnoy at (888) 773-9224 or (310) 201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

Santander Consumer provides vehicle finance and unsecured consumer lending products in the United States. The Company’s primary business is the indirect origination of retail installment contracts, principally through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. The Complaint alleges that the Registration Statement was false and misleading because it failed to disclose that Santander Consumer engaged in improper practices related to the Company’s subprime auto lending business, misrepresented the quality of the loans the Company had underwritten, and misrepresented the Company’s underwriting standards.

On August 7, 2014, Santander Consumer disclosed that the Company received a civil subpoena from the U.S. Department of Justice under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). According to the Company, the subpoena requests “production of documents and communications that, among other things, relate to the underwriting and securitization of nonprime auto loans since 2007.” Following this news, Santander Consumer shares declined $0.28 per share, on unusually heavy volume, to close on August 8, 2014, at $17.95 per share − a 25% decline from the IPO price of $24.00.

If you are a member of the Class described above, you may move the Court no later than October 27, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.

If you suffered losses of $50,000 or more and wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

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