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Dealership growth, geographic expansion boost subprime auto originations

Consumer Portfolio Services’ auto originations grew 108.5% YoY

Subprime auto lenders are financing in more states and lending with more dealers to increase originations without changing their credit box. West Valley City, Utah-based Arivo Acceptance’s auto originations grew between 50% to 75% year over year, and the lender expects that growth to continue next year, Chief Executive Landon Starr told Auto Finance News. […]

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