Consumer Portfolio Services Announces $345.61 Million Senior Subordinate Asset-Backed Securitization

Consumer Portfolio Services, Inc. (CPS) has announced the closing of its 58th senior subordinate securitization, CPS Auto Receivables Trust 2026-A, with $345.61 million of asset-backed notes secured by $352.66 million in automobile receivables. The transaction consists of five classes, with ratings provided by Standard & Poor's and DBRS Morningstar. The weighted average coupon on the notes is approximately 5.18%, and the initial credit enhancement consists of a cash deposit and overcollateralization.