EXHIBIT 99.1

[GRAPHIC OMITTED] CPS
                                                       NEWS RELEASE
- --------------------------------------------------------------------------------

    CONSUMER PORTFOLIO SERVICES INC. ANNOUNCES $245.0 MILLION SECURITIZATION

IRVINE, Calif. - March 29, 2006 - Consumer Portfolio Services, Inc. (Nasdaq:
CPSS) announced that it closed a term securitization transaction today, issuing
$245 million of Notes backed by automotive receivables.

In the transaction, qualified institutional buyers purchased $245,000,000 of
Notes backed by automotive receivables originated by Consumer Portfolio
Services. The Notes, issued by CPS Auto Receivables Trust 2006-A, consist of
four classes. The ratings of the Notes were provided by Standard & Poor's and
Moody's Investors Services and were based on the structure of the transaction,
CPS's experience as a servicer and a financial guaranty insurance policy issued
by Financial Security Assurance Inc.


                                   Interest     Average                 Standard &    Moody's
   Note Class        Amount          Rate        Life        Price    Poor's Rating   Rating
- -----------------------------------------------------------------------------------------------
                                                                      
       A-1      $36.260 million    4.94278%   0.22 years    100.000        A-1+         P-1
       A-2      $88.956 million    5.22000%   1.00 years     99.997        AAA          Aaa
       A-3      $37.874 million    5.25000%   2.00 years     99.991        AAA          Aaa
       A-4      $88.910 million    5.33000%   3.30 years     99.984        AAA          Aaa


The weighted average effective coupon on the Notes is approximately 5.29%.

The 2006-A transaction has initial credit enhancement consisting of a cash
deposit and first loss protection in the aggregate amount of 15.00% of the
original receivable pool balance. That enhancement level is to be supplemented
by accelerated payment of principal on the Notes to reach a combined level of
20.25% of the then-outstanding receivable pool balance.

The transaction utilized a pre-funding structure, in which CPS sold
approximately $144.3 million of receivables today and plans to sell
approximately $100.7 million of additional receivables during April 2006. This
further sale is intended to provide CPS with financing for receivables
originated primarily in the month of March.

The transaction was a private offering of securities, not registered under the
Securities Act of 1933, or any state securities law. All of such securities
having been sold, this announcement of their sale appears as a matter of record
only.

ABOUT CONSUMER PORTFOLIO SERVICES, INC.

Consumer Portfolio Services, Inc. is a consumer finance company that specializes
in purchasing, selling and servicing retail automobile installment sale
contracts originated by automobile dealers located throughout the United States.
The Company is currently active in 47 states. Through its purchase of contracts,
the Company provides indirect financing to car dealer customers with limited
credit histories, low incomes or past credit problems.

INVESTOR CONTACT

Charles E. Bradley
Consumer Portfolio Services
949-753-6800