CPS Auto Receivables Trust 2021-C: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the CPS Auto Receivables Trust 2021-C transaction (2021-C). The 2021-C transaction represents the 41st securitization since 2010 by Consumer Portfolio Services, Inc. and offers both senior and subordinate rated securities. The receivables securitized in 2021-C are subprime automobile loan contracts secured primarily by used automobiles, light-duty trucks, vans, and minivans.