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Industry Center - Credit Services
Industry Center > Credit Services > AmeriCredit Corp. Company Profile
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AmeriCredit Corp. Company Profile
AmeriCredit gives credit where it's not necessarily due. The company purchases loans made by about 10,000 franchised and independent auto dealers primarily to consumers with less-than-ideal credit histories. It typically finances low-mileage, late-model used cars (about 80% of all loans), and the occasional new automobile. The company then periodically transfers its loans to securitization trusts, retains the servicing, and reinvests the proceeds in new loans. Post-credit market meltdown, the lender has nearly 1 million customers and approximately $11 billion in managed auto receivables. It operates about 15 credit centers in suburban locations close to car dealerships.
Headlines for AmeriCredit Corp.
Put These Top Managers to Work for You
Morningstar.com - Sun 7:00 am ET
Yacktman Fund shines with value investing and patience
Fortune - Wed Nov 25
AMERICREDIT CORP Files SEC form 8-K/A, Entry into a Material Definitive Agreement, Change in Directors or Principal O
EDGAR Online - Tue Nov 24
AmeriCredit to Webcast Investor Presentation
Business Wire - Fri Nov 20
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Contact Information
Address: 801 Cherry St., Ste. 3900
Fort Worth, TX 76102
Phone:817-302-7000
Fax:817-302-7101
Financial Highlights
Fiscal Year End:June
Revenue (2009):2082.40 M
Revenue Growth (1 yr):(-18.10%)
Employees (2009):3,064
Employee Growth (1 yr):(-20.00%)
Key People
Chairman: Clifton H. Morris Jr.
President, CEO, and Director: Daniel E. (Dan) Berce
EVP, CFO, and Treasurer: Chris A. Choate
Industry Information
Sector: Financial
Industry: Credit Services
Top Competitors
Capital One Auto Finance, Inc.
Consumer Portfolio Services, Inc. (cpss)
Credit Acceptance Corporation (cacc)
 


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