Consumer Portfolio Services, Inc. · Irvine, CA United States ·(NASDAQ (GM): CPSS)
Company Description
View Consumer Portfolio Services, Inc. Locations On A US Map
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This link will open in a new window Consumer Portfolio Services (CPS) buys, sells, and services auto loans made to consumers who probably don't have portfolios. The company finances vehicles for subprime borrowers who can't get traditional financing due to poor or limited credit. CPS purchases contracts from both new car and independent used car dealers in 45 states; the company then securitizes (bundles and sells) the financing contracts that it acquires. In recent years, the bulk of the contracts CPS acquires finance used vehicles. The company has operations in California, Florida, Illinois, and Virginia. To read the full description, subscribe now.
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Key Consumer Portfolio Services, Inc. Financials
| Company Type | Public - NASDAQ (GM): CPSS Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $212.2 |
| 2008 Employees | 681 |
Consumer Portfolio Services, Inc. Executives
14 executives listed for Consumer Portfolio Services, Inc.'s Irvine, CA location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Charles Bradley | Network |
| SVP Operations | Jayne Jordan | Network |
| SVP and CFO | Jeffrey Fritz | Network |
Competition
Competitive Landscape for Consumer Portfolio Services, Inc.
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top Consumer Portfolio Services, Inc. Competitors
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