CPS poised to survive pandemic | Auto Finance News | Auto Finance News

Chona Kasinger/Bloomberg

Consumer Portfolio Services, one of the few subprime auto financiers to have survived the 2008 credit crisis, will likely be able to weather the coronavirus pandemic due to its access to liquidity and provisions for credit losses. CPS “looks to Wall Street” to keep its liquidity figures in line with origination volumes via warehouse credit […]

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