Exhibit 99.1

AMERICREDIT REPORTS THIRD QUARTER OPERATING RESULTS

• 3^rd Quarter earnings of $63 million, $0.45 per share

• Quarterly loan originations of $624 million

• Total available liquidity of $748 million

FORT WORTH, TEXAS April 21, 2010 – AMERICREDIT CORP. (NYSE: ACF) today announced net income of $63 million, or $0.45 per share, for its fiscal third quarter ended March 31, 2010. The Company reported a net loss of $2 million, or $0.02 per share, for the same period a year earlier. For the nine months ended March 31, 2010, AmeriCredit reported net income of $135 million, or $0.98 per share, versus a net loss of $43 million, or $0.35 per share, for the nine months ended March 31, 2009. Results, for the three and nine months ended March 31, 2009, were revised, from net income of $10 million, or $0.07 per share, and a net loss of $17 million, or $0.14 per share, respectively, to reflect the retrospective adoption, on July 1, 2009, of a new accounting standard that changed the accounting for convertible bonds.

Originations were $624 million for the quarter ended March 31, 2010, compared to $379 million for the quarter ended December 31, 2009 and $210 million for the quarter ended March 31, 2009. Originations for the nine months ended March 31, 2010, were $1.2 billion, compared to $1.1 billion for the same period a year earlier. Finance receivables totaled $8.8 billion at March 31, 2010, compared to $11.9 billion at March 31, 2009.

Annualized net charge-offs were 7.6% of average finance receivables for the quarter ended March 31, 2010, compared to 7.8% for the quarter ended March 31, 2009. For the nine months ended March 31, 2010, annualized net charge-offs were 8.3%, compared to 8.2% for the same period last year.

Finance receivables 31-to-60 days delinquent were 5.3% of the portfolio at March 31, 2010, compared to 6.0% at March 31, 2009. Accounts more than 60 days delinquent were 2.2% of the portfolio at March 31, 2010, compared to 3.0% a year ago.

The allowance for loan losses as a percentage of finance receivables was 7.1% at March 31, 2010, compared to 7.7% at December 31, 2009 and March 31, 2009.

The Company had total available liquidity of $748 million at March 31, 2010, consisting of $497 million of unrestricted cash and approximately $251 million of borrowing capacity on unpledged eligible receivables.

“We had an exceptional March quarter on many fronts. The steps we have taken since early 2008 to reposition our loan portfolio for higher profitability are beginning to surface in many of our key metrics, from sustained improvements in credit performance to higher portfolio net interest margin to historically high loan-level returns,” said President and Chief Executive Officer Dan Berce. “Current favorable market conditions provide us with a unique opportunity to originate highly profitable loans that will generate solid returns in future years.”

AmeriCredit will host a conference call for analysts and investors today at 5:30 p.m. Eastern time. For a live Internet broadcast of this conference call, please go to the Company’s Web site to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available shortly after the call.

About AmeriCredit

AmeriCredit Corp. is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers across the United States. AmeriCredit has about 800,000 customers and approximately $9 billion in auto receivables. The Company was founded in 1992 and is headquartered in Fort Worth, Texas. For more information, visit www.americredit.com.

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that involve risks and uncertainties detailed from time to time in the Company’s filings and reports with the Securities and Exchange Commission including the Company’s annual report on Form 10-K for the year ended June 30, 2009. Such risks include – but are not limited to – variable economic conditions, adverse portfolio performance, volatile wholesale vehicle values, reliance on warehouse financing and capital markets, the ability to continue to securitize loans, the continued availability of credit enhancement for securitization transactions on acceptable terms, fluctuating interest rates, competition, regulatory and legal changes, the high degree of risk associated with subprime borrowers, and exposure to litigation. These forward-looking statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management. Actual events or results may differ materially. It is advisable not to place undue reliance on any forward-looking statements. The Company undertakes no obligation to, and does not, publicly update or revise any forward-looking statements, except as required by federal securities laws, whether as a result of new information, future events or otherwise.

AmeriCredit Corp.

Consolidated Statements of Operations

(Unaudited, Dollars in Thousands, Except Per Share Amounts)

	Three Months Ended March 31,					Nine Months Ended March 31,
	2010		2009 (Revised)			2010		2009 (Revised)
Revenue:
Finance charge income	$	339,892	$	452,186		$	1,092,788	$	1,483,719
Other income		20,930		29,191			68,073		90,893
Gain on retirement of debt		283		11,048			283		42,453
		361,105		492,425			1,161,144		1,617,065
Costs and expenses:
Operating expenses		75,215		76,278			220,487		244,877
Leased vehicles expenses		8,688		13,694			29,019		36,765
Provision for loan losses		74,583		234,816			338,732		797,703
Interest expense		106,584		148,237			358,492		573,666
Restructuring charges		220		7,810			134		10,465
		265,290		480,835			946,864		1,663,476
Income (loss) before income taxes		95,815		11,590			214,280		(46,411	)
Income tax provision (benefit)		32,609		13,996			79,284		(3,729	)
Net income (loss)	$	63,206	$	(2,406	)	$	134,996	$	(42,682	)
Earnings (loss) per share:
Basic	$	0.47	$	(0.02	)	$	1.01	$	(0.35	)
Diluted	$	0.45	$	(0.02	)	$	0.98	$	(0.35	)
Weighted average shares		134,053,846		131,914,885			133,588,587		122,697,685
Weighted average shares and assumed incremental shares		139,231,152		131,914,885			137,645,064		122,697,685

Consolidated Balance Sheets

(Unaudited, Dollars in Thousands)

	March 31, 2010		June  30, 2009 (Revised)		March 31, 2009 (Revised)
Cash and cash equivalents	$	497,329	$	193,287	$	120,931
Finance receivables, net		8,187,125		10,037,329		10,983,331
Restricted cash – securitization notes payable		989,356		851,606		899,105
Restricted cash – credit facilities		153,244		195,079		234,054
Property and equipment, net		38,838		44,195		46,764
Leased vehicles, net		117,037		156,387		169,178
Deferred income taxes		83,249		75,782		87,729
Income tax receivable		—		197,579		202,817
Other assets		157,473		207,083		207,693
Total assets	$	10,223,651	$	11,958,327	$	12,951,602
Credit facilities	$	658,137	$	1,630,133	$	1,782,716
Securitization notes payable		6,462,494		7,426,687		8,301,785
Senior notes		70,620		91,620		91,620
Convertible debt		408,539		392,514		406,767
Accrued taxes and expenses		226,642		157,640		164,212
Interest rate swap agreements		83,946		131,885		135,802
Other liabilities		11,840		20,540		11,803
Total liabilities		7,922,218		9,851,019		10,894,705
Shareholders’ equity (outstanding common shares of 134,512,524, 133,171,366, and 132,778,081, respectively)		2,301,433		2,107,308		2,056,897
Total liabilities and shareholders’ equity	$	10,223,651	$	11,958,327	$	12,951,602

Consolidated Statements of Cash Flows

(Unaudited, Dollars in Thousands)

	Three Months Ended March 31,						Nine Months Ended March 31,
	2010			2009 (Revised)			2010			2009 (Revised)
Cash flows from operating activities:
Net income (loss)	$	63,206		$	(2,406	)	$	134,996		$	(42,682	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		18,351			25,061			61,997			82,855
Accretion and amortization of fees		717			3,879			4,729			15,903
Provision for loan losses		74,583			234,816			338,732			797,703
Deferred income taxes		(68,794	)		181,072			(24,217	)		218,994
Non-cash interest charges on convertible debt		5,434			5,291			16,025			16,908
Stock-based compensation expense		4,604			3,691			11,510			11,238
Amortization of warrant costs		—			2,083			1,968			43,017
Gain on retirement of debt		(283	)		(11,048	)		(283	)		(43,208	)
Other		(8,101	)		(2,906	)		(16,393	)		3,641
Changes in assets and liabilities:
Income tax receivable		31,385			(129,833	)		197,402			(179,920	)
Other assets		8,973			(5,780	)		12,174			(15,998	)
Accrued taxes and expenses		61,503			(37,939	)		57,929			(45,988	)
Net cash provided by operating activities		191,578			265,981			796,569			862,463
Cash flows from investing activities:
Purchases of receivables		(610,643	)		(198,588	)		(1,196,301	)		(1,112,143	)
Principal collections and recoveries on receivables		952,548			1,074,933			2,733,164			3,312,854
Net change in restricted cash and other		(144,897	)		(45,805	)		(61,179	)		115,331
Net cash provided by investing activities		197,008			830,540			1,475,684			2,316,042
Cash flows from financing activities:
Net change in credit facilities		(51,790	)		(158,105	)		(971,996	)		(1,125,534	)
Net change in securitization notes payable		(129,064	)		(953,056	)		(967,199	)		(2,111,096	)
Proceeds from issuance of common stock		5,929			4			12,708			1,271
Retirement of debt		(20,425	)		(10,250	)		(20,425	)		(224,723	)
Other net changes		(15,575	)		(22,870	)		(20,671	)		(35,246	)
Net cash used by financing activities		(210,925	)		(1,144,277	)		(1,967,583	)		(3,495,328	)
Net increase (decrease) in cash and cash equivalents		177,661			(47,756	)		304,670			(316,823	)
Effect of Canadian exchange rate changes on cash and cash equivalents		24			1,997			(628	)		4,261
Cash and cash equivalents at beginning of period		319,644			166,690			193,287			433,493
Cash and cash equivalents at end of period	$	497,329		$	120,931		$	497,329		$	120,931

Other Financial Data

(Unaudited, Dollars in Thousands)

	Three Months Ended March 31,				Nine Months Ended March 31,
	2010		2009		2010		2009
Origination volume	$	623,855	$	210,064	$	1,231,523	$	1,110,184
Loans securitized		927,758		—		2,203,304		1,289,082
Average finance receivables	$	9,042,982	$	12,469,678	$	9,727,552	$	13,527,449

	March 31, 2010			June 30, 2009			March 31, 2009
Finance receivables:
Principal	$	8,810,374		$	10,927,969		$	11,901,323
Allowance for loan losses and nonaccretable acquisition fees		(623,249	)		(890,640	)		(917,992	)
	$	8,187,125		$	10,037,329		$	10,983,331
Allowance as a percent of ending finance receivables		7.1	%		8.2	%		7.7	%
	March 31, 2010			June 30, 2009			March 31, 2009
Loan delinquency as a percent of ending finance receivables:
31 - 60 days		5.3	%		6.9	%		6.0	%
Greater than 60 days		2.2			3.5			3.0
Total		7.5	%		10.4	%		9.0	%

	Three Months Ended March 31,						Nine Months Ended March 31,
	2010			2009			2010			2009
Contracts receiving a payment deferral as an average quarterly percentage of average finance receivables		7.1	%		8.0	%		7.8	%		7.8	%
Net charge-offs	$	168,393		$	239,800		$	606,123		$	830,824
Annualized net charge-offs as a percent of average finance receivables		7.6	%		7.8	%		8.3	%		8.2	%
Net recoveries as a percent of gross repossession charge-offs		44.9	%		39.0	%		43.3	%		39.2	%

Components of net margin:

	Three Months Ended March 31,						Nine Months Ended March 31,
	2010			2009 (Revised)			2010			2009 (Revised)
Finance charge income	$	339,892		$	452,186		$	1,092,788		$	1,483,719
Other income		20,930			29,191			68,073			90,893
Interest expense		(106,584	)		(148,237	)		(358,492	)		(573,666	)
Net margin	$	254,238		$	333,140		$	802,369		$	1,000,946

Annualized net margin as a percent of average finance receivables:

	Three Months Ended March 31,						Nine Months Ended March 31,
	2010			2009 (Revised)			2010			2009 (Revised)
Finance charge income		15.2	%		14.7	%		15.0	%		14.6	%
Other income		0.9			0.9			0.9			0.9
Interest expense		(4.7	)		(4.8	)		(4.9	)		(5.6	)
Net margin		11.4	%		10.8	%		11.0	%		9.9	%
	Three Months Ended March 31,						Nine Months Ended March 31,
	2010			2009			2010			2009
Operating expenses	$	75,215		$	76,278		$	220,487		$	244,877
Annualized operating expenses as a percent of average finance receivables		3.4	%		2.5	%		3.0	%		2.4	%

Contact:

Caitlin DeYoung

(817) 302-7394