AmeriCredit Expands 'Advantage' Remarketing Initiative; Company Adds More Features in Celebration of Program's First Anniversary.FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. -- AmeriCredit Corp. (NYSE NYSE See: New York Stock Exchange :ACF (Advanced Communications Function) An earlier official product line name for IBM SNA programs, such as VTAM (ACF/VTAM) and NCP (ACF/NCP). ACF - Advanced Communications Function ) recently celebrated the one-year anniversary of AmeriCredit Advantage, a comprehensive auto remarketing program unveiled in January 2005. The program provides quality vehicles and excellent service to auto dealers who buy cars at auctions. To mark the first anniversary of AmeriCredit Advantage, the company is adding another category of vehicles to the program. All cars with the Choice seal are "frontline-ready," which means they are ready for the dealership's lot. Also, like other Advantage vehicles, Choice cars have passed a thorough inspection of their interior, exterior and mechanical components. "We expanded AmeriCredit Advantage to include a new category of cars for one primary reason -- to continue meeting the buying needs of our dealers," said Scott France, AmeriCredit's executive vice president of consumer services Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, [paints, plastics, metals, waxes, coatings, minerals, . "Now bidders can choose from an even wider selection of makes, models, years, conditions and mileage MILEAGE. A compensation allowed by law to officers, for their trouble and expenses in travelling on public business. 2. The mileage allowed to members of congress, is eight dollars for every twenty miles of estimated distance, by the most usual roads, from his -- all backed by AmeriCredit's solid reputation. There really is something for everybody." As part of AmeriCredit Advantage, vehicles with the Assured seal have passed extensive tests and are fit for a dealership's showroom floor. Also, certain cars with more than 80,000 miles receive AmeriCredit's "80+" seal and a "green light," which assures the vehicles have been mechanically inspected and are reliable and in good working condition. Throughout the first year of AmeriCredit Advantage, the program reached several important milestones. --In April 2005, AmeriCredit added an online tool to the list of Advantage features. The tool, which allows dealers to search for AmeriCredit vehicles via www.americredit.com, is currently being enhanced to appeal to even more bidders. --In 2005, ADESA Jacksonville Auto Auction in Jacksonville, Fla., and ADESA Golden Gate Auto Auction in Tracy, Calif., hosted "Elite Sale Events," another feature of AmeriCredit Advantage. These stand-alone auction sales exclusively sell AmeriCredit vehicles and are often held in conjunction with major sporting or promotional events. --Throughout 2005, dealers have used AmeriCredit Advantage's Global Arbitration arbitration Process of resolving a dispute or a grievance outside a court system by presenting it for decision to an impartial third party. Both sides in the dispute usually must agree in advance to the choice of arbitrator and certify that they will abide by the Guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. to provide consistent methods for resolving issues with AmeriCredit vehicles at any auction. The company plans to implement the Choice vehicle category at all auctions by this spring. For a list of sale dates for auctions that feature AmeriCredit vehicles, visit http://auctions.americredit.com. AmeriCredit representatives will be available to discuss AmeriCredit Advantage at the annual National Automobile Dealers Association (NADA) Convention & Exposition exposition or exhibition, term frequently applied to an organized public fair or display of industrial and artistic productions, designed usually to promote trade and to reflect cultural progress. in Orlando, Fla., from Feb. 11 through Feb. 14, Booth 2258. About AmeriCredit 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 installment contract n. an agreement in which payments of money, delivery of goods or performance of services are to be made in a series of payments, deliveries or performances, usually on specific dates or upon certain happenings. entered into by auto dealers with consumers who are typically unable to obtain financing from traditional sources. AmeriCredit has approximately 1 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. |
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