Consumer Portfolio Services, Inc. completed its largest-ever securitization on July 22, 2026, through the issuance of $716.88 million in asset-backed notes by CPS Auto Receivables Trust 2026-C. The notes are secured by approximately $734.51 million of subprime automotive receivables. The transaction consists of five classes of notes with interest rates ranging from 4.52% for Class A to 7.65% for Class E, featuring a weighted average coupon of approximately 5.90%. Credit enhancement includes a 1.00% cash reserve account and 2.40% over-collateralization. The company acts as the servicer for the receivables. Consumer Portfolio Services, Inc. is a specialty finance company that provides indirect automobile financing to individuals with limited or impaired credit histories.
