EXHIBIT 99.1

CPS LOGO                                                            NEWS RELEASE
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                    CPS ANNOUNCES $220 MILLION SECURITIZATION

IRVINE, Calif. - December 20, 2006 - Consumer Portfolio Services, Inc. (Nasdaq:
CPSS) announced that it closed a term securitization transaction today, issuing
$195.8 million of investment grade notes backed by automotive receivables.

In the transaction, qualified institutional buyers purchased $195,800,000 of
notes backed by automotive receivables originated by Consumer Portfolio
Services. The notes, issued by CPS Auto Receivables Trust 2006-D, 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          $30.950 million      5.34244%     0.23 years       100.000            A-1+              P-1
       A-2          $65.800 million      5.31800%     1.00 years        99.999            AAA               Aaa
       A-3          $32.600 million      5.15700%     2.00 years        99.999            AAA               Aaa
       A-4          $66.450 million      5.11500%     3.22 years        99.999            AAA               Aaa


The weighted average effective coupon on the notes is approximately 5.17%.

The 2006-D transaction has initial credit enhancement consisting of a cash
deposit in the amount of 2.00% of the original receivable pool balance, plus
subordinated interests of 11.00%. That enhancement level is to be supplemented
by accelerated payment of principal on the notes to reach a combined level of
18.75% of the then-outstanding receivable pool balance.


The transaction utilized a pre-funding structure, in which CPS sold
approximately $149.7 million of receivables today and plans to sell
approximately $70.3 million of additional receivables during January 2007. This
further sale is intended to provide CPS with financing for receivables
originated primarily in the month of December.

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 specialty finance company engaged in
purchasing and servicing new and used retail automobile contracts originated
primarily by franchised automobile dealerships and to a lesser extent by select
independent dealers of used automobiles in the United States. We serve as an
alternative source of financing for dealers, facilitating sales to sub-prime
customers, who have limited credit history, low income or past credit problems
and who otherwise might not be able to obtain financing from traditional
sources.

INVESTOR CONTACT

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