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Consumer Services

 
Hoover's Profile: Consumer Portfolio Services, Inc.
(NASDAQ (GM):CPSS)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Consumer Portfolio Services, Inc.
16355 Laguna Canyon Rd.
Irvine, CA 92618
CA Tel. 949-753-6800
Fax 949-753-6805

Type: Public
On the web: http://www.consumerportfolio.com
Employees: 681
Employee growth: (31.7%)

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.

Key numbers for fiscal year ending December, 2008:
Sales: $212.2M
One year growth: (46.2%)
Net income: ($26.1)M

Officers:
Chairman, President, and CEO: Charles E. Bradley Jr.
SVP Operations: Jayne E. Jordan
SVP and CFO: Jeffrey P. (Jeff) Fritz

Competitors:
AmeriCredit
Credit Acceptance
First Investors Financial Services

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Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, paints, plastics, metals, waxes, coatings, minerals, ceramics, construction materials plus water, indoor air quality testing, non-medical forensic testing and failure analysis.

It involves services in a wide variety of fields such as biological, chemical, physical, engineering and Web based services.

Web based Consumer Services

Evolution of Web has changed itself from the information orientation to Service orientation. Every physical service one can think of, has its web counter part today, be it retail selling, supply chain, customer care, banking, auction and more of b2b, b2c, c2c businesses. Online appointments, online consultation, online bill-pay have become the order of web based consumer services.

e-commerce, e-business, e-learning, e-marketing, e-banking 2, have created firm standards and technologies for the creation, sustenance, growth and consumption of web based consumer services. Separate section on each of these technologies elaborate on service models, usage statistics and different business models evolved around these base technologies.

References

1. http://www.internetworldstats.com/stats.htm

2. http://www.e-consultancy.com/news-blog/364106/online-banks-see-growth-among-older-web-users.html


 
 

 

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