CPS Bumps Up Dealer Contract Prices to Protect Cost of Funds, CFO Says | Auto Finance News | Auto Finance News

CPS Bumps Up Dealer Contract Prices to Protect Cost of Funds, CFO Says

© Can Stock Photo / gina_sanders

SAN DIEGO — Consumer Portfolio Services is increasing contract prices to dealer partners “a couple of bucks” to preserve cost of funds in advance of a looming downturn, Executive Vice President and Chief Financial Officer Jeffrey Fritz said at the Auto Finance Risk Summit this month. “If my margins are getting squeezed because the cost […]

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