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Consumer Portfolio Services acceptance rate falls to 51%

Auto Finance Summit 2023

Riley Wolfbauer

Subprime lender Consumer Portfolio Services’ acceptance rate has fallen by 21 percentage points so far this year when compared with last year as application volumes hold steady. “Demand in auto subprime remains high,” Mike Lavin, president, chief operating officer and chief legal officer at Consumer Portfolio Services, said Tuesday at the Auto Finance Summit 2023 […]

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