AmeriCredit Announces 54th Asset-Backed Securitization for $1.35 Billion

FORT WORTH, Texas--July 11, 2006--AMERICREDIT CORP. announced today the pricing of a $1.35 billion offering of automobile receivables-backed securities through lead managers Wachovia Securities and Barclays Capital. Co-managers are Bank of Montreal Capital Markets, Deutsche Bank Securities, JPMorgan, and UBS Investment Bank. 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 2006-A-F, in four classes of Notes:

 Note Class       Amount       Average Life       Price     Interest
                                                               Rate
------------ ---------------- ---------------- ------------ ----------
    A-1         $204,000,000       0.26 years    100.00000     5.5048%
    A-2         $394,000,000       0.95 years     99.99664       5.61%
    A-3         $412,000,000       2.15 years     99.98012       5.56%
    A-4         $340,000,000       3.50 years     99.99312       5.64%
             ----------------
              $1,350,000,000
             ================

The weighted average coupon on the Notes to be paid by AmeriCredit is 5.6%.

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

Financial Security Assurance Inc. 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 14.5% 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 54th securitization of automobile receivables in which a total of more than $44 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 lead 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 automobile finance company that provides financing solutions indirectly through auto dealers and directly to consumers in the United States and Canada. AmeriCredit has approximately one million customers and $12 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.