AmeriCredit Announces First Prime/Near-Prime Securitization

Americredit Corp. announced today the pricing of a $1 billion offering of automobile receivables-backed securities through lead managers JPMorgan and Wachovia Securities. Co-managers are BMO Capital Markets, Barclays Capital and UBS Investment Bank. This represents AmeriCredit’s first securitization under its prime/near-prime retail auto loan securitization platform, AmeriCredit Prime Automobile Receivables Trust. Net proceeds from securitization transactions will be used to provide long-term financing of receivables.

The weighted average coupon on the Notes is 5.4%.

The 2007-1 transaction will have initial credit enhancement of 1.5% of the original receivables pool balance, building to the total required enhancement level of 4.5% of the then-outstanding receivables pool balance. The initial 1.5% enhancement will consist of a 1.0% cash deposit and 0.5% overcollateralization.

Copies of the prospectus relating to this offering of receivables-backed securities may be obtained from the managers and co-managers. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described in this press release, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such State.