Exhibit 99.1
CPS Logo

                                  NEWS RELEASE
- --------------------------------------------------------------------------------


   CPS ANNOUNCES $315 MILLION SECURITIZATION WITH IMPROVED ENHANCEMENT LEVELS

IRVINE, Calif. - June 27, 2007 - Consumer Portfolio Services, Inc. (Nasdaq:
CPSS) ("CPS" or the "Company") announced that it closed a term securitization
transaction today, issuing $281.925 million of investment grade notes backed by
automotive receivables.

In the transaction, qualified institutional buyers purchased $281,925,000 of
notes backed by automotive receivables purchased by CPS. The notes, issued by
CPS Auto Receivables Trust 2007-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 Financial Security Assurance Inc.



                                         Interest       Average                        Standard &
   Note Class            Amount            Rate          Life           Price        Poor's Rating    Moody's Rating
- ------------------ ------------------- ------------- -------------- --------------- ----------------- ----------------
                                                                                       
       A-1          $43.700 million      5.3344%      0.22 years       100.000            A-1+              P-1
       A-2          $97.700 million      5.4600%      1.00 years        99.994            AAA               Aaa
       A-3          $45.200 million      5.4700%      2.00 years        99.983            AAA               Aaa
       A-4          $95.325 million      5.6000%      3.20 years        99.972            AAA               Aaa


The weighted average effective coupon on the notes is approximately 5.55%.

The 2007-B transaction has initial credit enhancement of 12.50% consisting of a
cash deposit in the amount of 2.00% of the original receivable pool balance,
plus subordinated interests of 10.50%. That enhancement level is to be
supplemented by accelerated payment of principal on the notes to reach a
combined level of 17.75% of the then-outstanding receivable pool balance. These
improved levels represent a decrease of 50 and 100 basis points, respectively,
from the Company's last regular quarterly term securitization, CPS Auto
Receivables Trust 2007-A, in March 2007.

The transaction utilized a pre-funding structure, in which CPS sold
approximately $206 million of receivables today and plans to sell approximately
$109 million of additional receivables during July 2007. 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 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