FORT WORTH, Texas--(BUSINESS WIRE)--Feb. 6, 2006--AmeriCredit
Corp. (NYSE:ACF) recently celebrated the one-year anniversary of
AmeriCredit Advantage, a comprehensive auto remarketing program
unveiled in January 2005. The program provides quality vehicles and
excellent service to auto dealers who buy cars at auctions.
To mark the first anniversary of AmeriCredit Advantage, the
company is adding another category of vehicles to the program. All
cars with the Choice seal are "frontline-ready," which means they are
ready for the dealership's lot. Also, like other Advantage vehicles,
Choice cars have passed a thorough inspection of their interior,
exterior and mechanical components.
"We expanded AmeriCredit Advantage to include a new category of
cars for one primary reason -- to continue meeting the buying needs of
our dealers," said Scott France, AmeriCredit's executive vice
president of consumer services. "Now bidders can choose from an even
wider selection of makes, models, years, conditions and mileage -- all
backed by AmeriCredit's solid reputation. There really is something
As part of AmeriCredit Advantage, vehicles with the Assured seal
have passed extensive tests and are fit for a dealership's showroom
floor. Also, certain cars with more than 80,000 miles receive
AmeriCredit's "80+" seal and a "green light," which assures the
vehicles have been mechanically inspected and are reliable and in good
Throughout the first year of AmeriCredit Advantage, the program
reached several important milestones.
- In April 2005, AmeriCredit added an online tool to the list of
Advantage features. The tool, which allows dealers to search
for AmeriCredit vehicles via www.americredit.com, is currently
being enhanced to appeal to even more bidders.
- In 2005, ADESA Jacksonville Auto Auction in Jacksonville,
Fla., and ADESA Golden Gate Auto Auction in Tracy, Calif.,
hosted "Elite Sale Events," another feature of AmeriCredit
Advantage. These stand-alone auction sales exclusively sell
AmeriCredit vehicles and are often held in conjunction with
major sporting or promotional events.
- Throughout 2005, dealers have used AmeriCredit Advantage's
Global Arbitration Guidelines to provide consistent methods
for resolving issues with AmeriCredit vehicles at any auction.
The company plans to implement the Choice vehicle category at all
auctions by this spring. For a list of sale dates for auctions that
feature AmeriCredit vehicles, visit http://auctions.americredit.com.
AmeriCredit representatives will be available to discuss
AmeriCredit Advantage at the annual National Automobile Dealers
Association (NADA) Convention & Exposition in Orlando, Fla., from Feb.
11 through Feb. 14, Booth 2258.
AmeriCredit Corp. is a leading independent auto finance company.
Using its branch network and strategic alliances with auto groups and
banks, the Company purchases retail installment contracts entered into
by auto dealers with consumers who are typically unable to obtain
financing from traditional sources. AmeriCredit has approximately 1
million customers and $11 billion in managed auto receivables. The
Company was founded in 1992 and is headquartered in Fort Worth, Texas.
For more information, visit www.americredit.com.
CONTACT: AmeriCredit Corp., Fort Worth
John Hoffmann, 817-302-7627
Amy Allen, 817-302-7423
Caitlin DeYoung, 817-302-7394
SOURCE: AmeriCredit Corp.