EXHIBIT 99.1

[CPS logo]                                                          NEWS RELEASE
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                   CPS ANNOUNCES $310.4 MILLION SECURITIZATION

IRVINE, Calif. - April 11, 2008 - Consumer Portfolio Services, Inc. (Nasdaq:
CPSS) ("CPS" or the "Company") announced that it closed a term securitization
transaction yesterday, issuing $244.4 million of triple A notes backed by
automotive receivables.

In the term transaction, qualified institutional buyers purchased $244,409,000
of notes backed by automotive receivables purchased by CPS. The notes, issued by
CPS Auto Receivables Trust 2008-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.


            
         Note Class            Amount           Coupon       Average        Standard &     Moody's Rating
                                                               Life       Poor's Rating
      ------------------ ------------------- ------------- ------------- ----------------- ----------------
             A-1          $39.130 million      3.4695%      0.13 years         A-1+              P-1
             A-2          $95.059 million       4.95%       1.00 years         AAA               Aaa
             A-3          $88.220 million       6.48%       2.52 years         AAA               Aaa
             A-4          $22.000 million       7.13%       3.95 years         AAA               Aaa


The weighted average effective coupon on the notes is approximately 6.23%.

The 2008-A transaction has initial credit enhancement of 24.25% consisting of a
cash deposit in the amount of 3.00% of the original receivable pool balance,
plus subordinated interests of 21.25%. That enhancement level is to be
supplemented by accelerated payment of principal on the notes to reach a
combined level of 27.75% of the then-outstanding receivable pool balance.

 "We are pleased to have completed this transaction in a very difficult capital
markets environment," said Charles E. Bradley, Jr., Chairman and Chief Executive
Officer of CPS. "This was the first subprime auto transaction completed since
November of last year. We were able to complete it, in large part, due to our
track record of strong and consistent credit performance."

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 CONTACTS

Consumer Portfolio Services, Inc.

Robert E. Riedl
949-753-6800

Erica Waldow
888-505-9200