AmeriCredit Announces $900 Million Asset-Backed Securitization

FORT WORTH, Texas--Jan. 2, 20056, 2005--AmeriCredit Corp. announced the pricing of a $900 million offering of automobile receivables-backed securities through lead managers Wachovia Securities and JPMorgan. Co-managers are Credit Suisse First Boston, Deutsche Bank Securities and Lehman Brothers. AmeriCredit uses net proceeds from securitization transactions to provide long-term financing of its receivables.

The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 2005-A-X, in four classes of Notes:

Note Class      Amount       Average Life      Price    Interest Rate
---------- ---------------- ---------------  ---------- --------------
   A-1        $164,000,000      0.25 years   100.00000      2.73%
   A-2        $258,000,000      0.90 years    99.99968      3.22%
   A-3        $277,000,000      2.10 years    99.98118      3.63%
   A-4        $201,000,000      3.42 years    99.98207      3.93%
           ----------------
              $900,000,000
           ================

The weighted average coupon is 3.7%.

The Note Classes are rated by Standard & Poor's, Moody's Investors Service and Fitch Inc. The ratings by Note Class are:

Note Class      Standard & Poor's     Moody's            Fitch
-----------     -----------------   ------------      ------------
   A-1                 A-1+           Prime-1           F1+
   A-2                 AAA              Aaa             AAA
   A-3                 AAA              Aaa             AAA
   A-4                 AAA              Aaa             AAA

XL Capital Assurance will provide bond insurance for this transaction. Initial credit enhancement will total 9.5% of the original receivable pool balance building to the total required enhancement level of 17.0% of the then outstanding receivable pool balance. The initial 9.5% enhancement will consist of 2.0% cash and 7.5% overcollateralization.

This transaction represents AmeriCredit's 47th securitization of automobile receivables in which a total of more than $36 billion of automobile receivables-backed securities has been issued.

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.

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 one 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.