FORT WORTH, Texas, Mar 15, 2006 (BUSINESS WIRE) -- AmeriCredit Corp. (NYSE:ACF) has named Manheim's
Tennessee Auto Auction in Nashville, Tenn., as its 2005 Auction of the
Year as part of the nationwide Auction of Excellence program. The
auction also received the 2004 Auction of the Year award from
"We are excited to announce Tennessee Auto Auction as the
top-performing auction of the year -- for the second year in a row,"
said Gayle Pavlicek, senior vice president of Asset Remarketing at
AmeriCredit. "Once again, the auction's commitment to excellence and
enthusiasm for AmeriCredit's programs have made it our No. 1 auction
in the nation."
The Auction of Excellence program is based on customer service, as
well as highest recovery rate. AmeriCredit representatives assess each
auction's performance in a variety of categories, including
organization of sale, quality of vehicle reconditioning, dealer
turnout and average recovery rate for AmeriCredit vehicles. In
addition, they evaluate pre-sale services such as vehicle
transportation and condition reports.
Tennessee Auto Auction has been recognized with a quarterly
Auction of Excellence award five times. The auction competed with
other regional award recipients for this year's national honor. The
other 2005 regional winners are:
-- Midwest -- ADESA's Des Moines Auto Auction in Grimes, Iowa
-- Northeast -- Harrisburg Auto Auction in Mechanicsburg, Pa.
-- Southwest -- Lubbock Auto Auction in Lubbock, Texas
-- West Coast -- ADESA's San Diego Auto Auction in San Diego,
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.
SOURCE: AmeriCredit Corp.
AmeriCredit Corp., Fort Worth
John Hoffmann, 817-302-7627
Amy Allen, 817-302-7423