Company History

Learn about our company history – how it all began, what makes us different and what makes us successful. Or, review our fiscal year milestones throughout the years.

• Our History
• Fiscal Year Milestones
• Media Contacts

For detailed facts about AmeriCredit, visit our Media Fact Sheet.

Our History

How It All Began
AmeriCredit was founded in September 1992 and opened its first branch offices in Fort Worth and Houston. Today, AmeriCredit operates with 13 credit centers and sales representatives located throughout the U.S. and works with more than 4,600 automobile dealers in the United States.

AmeriCredit Corp. is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers across the United States. AmeriCredit has approximately one million customers and $12 billion in auto receivables. The Company was founded in 1992 and is headquartered in Fort Worth, Texas.

• Our branch network supports individual auto dealers to help them sell more cars to more people. 
• Our best-in-class consumer service organization integrates technology with people so our consumer customers experience highly efficient, personalized service. 
• Our unique culture blends business needs with individual needs to promote corporate success. 
• Our commitment to our customers motivates us to develop unique tools to serve them better.
• Our ongoing access to the capital markets is made possible by consistent execution of our business strategies.
  
  What Makes Us Successful?
  AmeriCredit's mission is to create value for our stakeholders by constantly improving our services, investing in innovative solutions and information-based strategies, and promoting a culture of teamwork, excellence and integrity.
  
  AmeriCredit has built its business and created a workplace based on four fundamental principles.
  
  Integrity—Character and respect shall govern our actions. Treat others the way you expect to be treated and lead by example. Value our stakeholders' opinions and actively listen to ensure we understand their views and deliver what we promise with loyalty to execution.
  
  Investment—Attract, motivate and retain outstanding employees by investing in their welfare and development. Build mutually beneficial relationships to provide best-in-class customer service. Champion transfer of knowledge and encourage people to become resources to each other. Participate as a partner in the community.
  
  Innovation—Never become complacent. Embrace change and participate in exploring opportunities to improve. Proactively create our future by challenging the status quo and daring to innovate. Commit to realizing efficiency gains and the benefits of continual improvement.
  
  Information—Share information and promote open communication. Encourage everyone to participate in a non-intimidation environment. Develop and deploy our strategies and measure performance using all available technology.
  
  

• Respected, experienced management team 
• Proven business model as niche market leader
• Innovations in credit scoring and predictive behavioral modeling 
• Forthright communications with Wall Street 
• Continued investments in information-based technologies 
• Committed to deliver long-term value for stakeholders

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Fiscal Year Milestones

• Made significant investments in technology and risk management 
• Completed first full fiscal year in indirect auto lending 
• Implemented first statistical credit scoring system to underwrite and price loans

• Increased auto loan receivables to $240.5 million 
• Began developing behavioral scoring methods to enhance collections 
• Completed first asset-backed securities (ABS) transactions for $140 million

• Opened Tempe, AZ, customer service center 
• Completed development of new customer credit scorecard 
• Completed three ABS transactions for $270 million 
• Recognized as top-performing Fort Worth area publicly-traded company in 1995

• Dealer survey confirmed dealers place most value on price, service and consistency 
• Completed four ABS transactions for $850 million 
• Raised $125 million in first Senior Note offering 
• Opened Charlotte, NC, customer service center

• Formed Strategic Alliances group to complement branch network and enhance sales channels 
• Net income reached a record of $60.7 million, 57% year-over-year increase 
• Managed auto loan receivables doubled year-over-year to $2.3 billion

• Formed strategic alliance with Chase Auto Finance for sales channel expansion 
• Closed first $1 billion ABS transaction 
• Introduced third generation of scorecards for consumer credit 
• Opened Arlington Operations Center (AOC) in Arlington, TX