Summary of AMERICREDIT CORP

Item 8.01 Other Events

AmeriCredit Corp. is filing this Current Report on Form 8-K to reflect an accounting change described below with respect to the financial information contained in our Annual Report on Form 10-K for the year ended June 30, 2009 (the "2009 Form 10-K"), which was filed with the United States Securities and Exchange Commission ("SEC") on August 28, 2009. This Form 8-K will permit us to incorporate these financial statements by reference, or otherwise, in future SEC filings. The information in this Form 8-K is not an amendment to or restatement of the 2009 Form 10-K.

Effective July 1, 2009, we adopted Financial Accounting Standards Board ("FASB") Staff Position No. APB 14-1, Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement) ("FSP APB 14-1") (Accounting Standards Codification "ASC" 470 20 65-1). FSP APB 14-1 (ASC 470 20 65-1) requires the issuer of convertible debt instruments with cash settlement features to account for the debt component separately from the equity component (or conversion option) in a manner that reflects the the entity's borrowing rate at the time of issuance for similar unsecured senior debt without an equity conversion feature. FSP APB 14-1 (ASC 470 20 65-1) applies to our 0.75% Convertible Senior Notes issued in September 2006 and due in 2011 and our 2.125% Convertible Senior Notes issued in September 2006 and due in 2013. FSP APB 14-1 (ASC 470 20 65-1) requires retrospective application and early adoption was not permitted. The retrospective adoption of FSP APB 14-1 (ASC 470 20 65-1) affects our financial information for the years ended June 30, 2007, 2008 and 2009, as reflected in Exhibit 99.1 to this Current Report.

The following Items of the 2009 Form 10-K are being adjusted retrospectively to reflect the adoption of the accounting pronouncement described above (Items are noted "Revised" in Exhibit 99.1 to this Current Report);

Х Part II, Item 6 - Selected Financial Data

Х Part II, Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations

Х Part II, Item 8 - Financial Statements and Supplementary Data

Х Part IV, Item 15 Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges

No Items of the 2009 Form 10-K other than those identified above are being revised by this filing. Information in the 2009 Form 10-K is generally stated as of June 30, 2009 and this filing does not reflect any subsequent information or events other than the adoption of the accounting pronouncement described above. Without limitation of the foregoing, this filing does not purport to update the Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the 2009 Form 10-K for any information, uncertainties, transactions, risks, events or trends occurring, or known to management. More current information is

contained in our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2009 (the "September 2009 Form 10-Q") and other filings with the SEC. This Current Report on Form 8-K should be read in conjunction with the 2009 Form 10-K and the September 2009 Form 10-Q and other filings. The September 2009 Form 10-Q and other filings subsequent to August 28, 2009, contain information regarding events, developments and updates to certain expectations that have occurred since the filing of the 2009 Form 10-K.