CPS Launches Redesigned Website

Market Wire, August, 2008

Consumer Portfolio Services, Inc. (NASDAQ: CPSS) ("CPS" or "the Company") today announced that it has launched a redesigned website at www.consumerportfolio.com . Visitors to the new website should now find it easier and faster to access and download important information.

"We wanted to have a clean and simple approach that would make it easy to navigate based on who you are and what you need to do. Having four distinct entrances -- customers, dealers, investors, and careers -- will allow users to find relevant information one click away," said Charles E. Bradley, Jr., President and Chief Executive Officer.

Customers can access account information in real-time and make their payments online. Dealers will find it easier to review products, submit credit applications, and check on pending contract packages submitted. Investors can review current resources and financial information to keep them informed about the Company. Finally, career seekers can access current job openings, and learn about the Company and its benefits.

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 Consumer Portfolio Services, Inc. Robert E. Riedl 949-753-6800 Erica Waldow 888-505-9200