---

DCR Assigns Preliminary Ratings to Capital Auto Receivables Asset Trust 1999-2

1 September 1999

DCR Assigns Preliminary Ratings to Capital Auto Receivables Asset Trust 1999-2

    NEW YORK, Aug. 31 -- Duff & Phelps Credit Rating Co. has
assigned the following preliminary ratings to the asset-backed notes issued by
Capital Auto Receivables Asset Trust 1999-2:

    Issue                Amount    Coupon    Targeted     Final       Rating
                                             Maturity    Maturity

    Class A-1           $427MM      .992%   Mar. 2000   July 2001   Privately
                                                                       Placed

    Class A-2            370MM     6.060%  Sept. 2000   June 2002       'AAA'
                                                                   (Triple-A)

    Class A-3          306.5MM     6.250%   Mar. 2001    Mar.2003       'AAA'
                                                                   (Triple-A)

    Class A-4            400MM     6.300%  Sept. 2001    May 2004       'AAA'
                                                                   (Triple-A)

    Class A-5           76.8MM     6.450%  Sept. 2002   Jan. 2005       'AAA'
                                                                   (Triple-A)

    Initial Var.         481MM   1m Libor         N/A   Jan. 2005   Privately
     Pay Term Notes                +0.12%                              Placed

    Certificates        63.8MM     6.700%         N/A    Jan.2005        'A+'
                                                                   (Single-A-
                                                                        Plus)

    General Motors Acceptance Corporation (GMAC) is the servicer and the lead
underwriters are Credit Suisse First Boston and J.P. Morgan.  The indenture
trustee is The First National Bank of Chicago and the owner trustee is Bankers
Trust (Delaware).
    The preliminary ratings address the timely interest and ultimate
principal payments by the final maturity date and are based on GMAC's
extensive origination and servicing experience in consumer auto loans, the
sound legal structure of the transaction, and credit enhancement available for
the Class A Notes and Certificates in the form of a reserve fund, excess
spread and an interest rate swap agreement provided by General Re Financial
Products Corp. (General Re).
    The 1999-2 trust is the second retail auto securitization issued by GMAC
in 1999; the last transaction was issued in March 1999.  In this structure,
prime retail installment sales contracts secured by new and used automobiles
and light trucks were originated by GMAC.
    Duff & Phelps Credit Rating Co. (DCR) is a leading global rating agency
with 33 local market offices providing ratings and research on debt issues and
insurance claims paying ability in more than 50 countries.  For a full copy of
the New Financing Report Summary on this transaction, visit DCR's web site at
http://www.dcrco.com.  DCR's research is also available on Bloomberg at
DCR and FirstCall's BondCall Direct/Research Direct at
http://www.firstcall.com, as well as through other third-party providers.  A
copy of the report can also be obtained by calling the DCR Hotline at
312-368-3198 or e-mail hotline@dcrco.com.