EXHIBIT 99.1

CPS                               NEWS RELEASE
- --------------------------------------------------------------------------------

       CONSUMER PORTFOLIO SERVICES ANNOUNCES $257.5 MILLION SECURITIZATION

IRVINE, Calif. - June 29, 2006 - Consumer Portfolio Services, Inc. (Nasdaq:
CPSS) announced that it closed a term securitization transaction today, issuing
$226.6 million of investment grade Notes backed by automotive receivables.

In the transaction, qualified institutional buyers purchased $226,600,000 of
Notes backed by automotive receivables originated by Consumer Portfolio
Services. The Notes, issued by CPS Auto Receivables Trust 2006-B, 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 MBIA Insurance Corporation. This was CPS's first securitization transaction
insured by MBIA.


                                         Interest       Average                        Standard &
   Note Class            Amount            Rate          Life           Price        Poor's Rating    Moody's Rating
- ------------------ ------------------- ------------- -------------- --------------- ----------------- ----------------
                                                                                         
       A-1           $35.50 million      5.42784%     0.22 years       100.000            A-1+              P-1
       A-2           $76.90 million      5.71000%     1.00 years        99.992            AAA               Aaa
       A-3           $37.60 million      5.73000%     2.00 years        99.999            AAA               Aaa
       A-4           $76.60 million      5.81000%     3.21 years        99.997            AAA               Aaa


The weighted average effective coupon on the Notes is approximately 5.77%.

The 2006-B transaction has initial credit enhancement consisting of a cash
deposit in the amount of 2.50% of the original receivable pool balance, plus
subordinated interests of 12.00%. 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 $167.9 million of receivables today and plans to sell
approximately $89.6 million of additional receivables during July 2006. This
further sale is intended to provide CPS with financing for receivables
originated primarily in the month of June.

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

Robert E. Riedl
Consumer Portfolio Services
949-753-6800