AutoChina International Announces Two Million Share Repurchase Program

SHIJIAZHUANG, China, August 3, 2010: AutoChina International Limited ("AutoChina" or the "Company") , China's largest commercial vehicle sales, servicing, leasing, and support network, today announced that its Board of Directors has authorized the establishment of a stock repurchase program for the Company to purchase up to 2 million shares of its common stock on the open market at prices below $35 per share. The program will expire on February 2, 2011. Purchases pursuant to the program may be made from time to time in accordance with SEC rules and regulations through open market transactions, subject to market conditions, the Company's share price, and other factors.

Mr. Yong Hui Li, Chairman and CEO of AutoChina, stated, "Our establishment of this stock repurchase plan is a strong demonstration of our belief in the Company's business fundamentals and provides us with the flexibility to repurchase shares during the next six months. Furthermore, we believe our current share price presents an attractive investment opportunity, and the repurchase program is consistent with our commitment to enhance stockholder value."

The repurchase program may be modified, suspended, or discontinued at any time.

About AutoChina International Limited:

AutoChina International Limited is China's largest commercial vehicle sales, servicing, leasing, and support network. AutoChina's operating subsidiary was founded in 2005 by nationally recognized Chairman and CEO, Yong Hui Li. The Company owns and operates 193 commercial vehicle financing centers across China; and primarily provides sales-type leasing and support services for local customers. The Company's website is http://www.autochinaintl.com.