CPS Auto Receivables Trust 2021-A: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the CPS Auto Receivables Trust 2021-A transaction (2021-A) as noted above. The 2021-A transaction represents the 39th securitization since 2010 by Consumer Portfolio Services, Inc. (CPS or the Company) and offers both senior and subordinate rated securities. The receivables securitized in 2021-A are subprime automobile loan contracts secured primarily by used automobiles, light-duty trucks, vans, and minivans.