Consumer Portfolio Services expands financing into nonprime

Q1 originations nearly doubled YoY to $410M

Photograph by Amanda Harris

Consumer Portfolio Services launched nonprime financing in the first quarter as the lender logged its “best quarter ever” in originations and worked to expand its dealer base. Originations clocked in at $410 million, an increase of 25% sequentially and 99.5% YoY, according to the earnings release. This follows a 96.8% YoY increase in originations in […]

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