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FORT WORTH, Texas — This week, General Motors Financial
announced the pricing of a $1.2 billion offering of automobile
receivables-backed securities.

The company reiterated that it uses net proceeds from
securitization transactions for long-term financing of its receivables.

The offering is through lead managers Barclays, Deutsche
Bank Securities, J.P. Morgan, and Morgan Stanley. Co-managers are Goldman,
Sachs & Co., RBS, and Wells Fargo Securities.

The securities will be issued via an owner trust,
AmeriCredit Automobile Receivables Trust 2012-3, in seven classes of notes:

  Note Class  Amount  Average Life  Price  Interest Rate
 A-1  $264,500,000  0.19 years  100.00000  0.36138%
 A-2  $384,000,000  0.95 years  99.99344  0.71%
 A-3  $203,846,000  2.12 years  99.98940  0.96%
 B  $91,821,000  2.85 years  99.97864  1.59%
 C  $113,986,000  3.45 years  99.99427  2.42%
 D  $112,085,000  3.93 years  99.96789  3.03%
 E  $29, 762,000  3.95 years  99.96699  4.46%
  $1,200,000,000      

 
Officials noted the weighted average coupon on the notes to
be paid by GM Financial is 1.9 percent.

The note classes are rated by Moody's and Standard &
Poor's. The ratings by note class will be at least:
 

 Note Class  Moody's  S&P
 A-1  P-1 (sf)  A-1+ (sf)
 A-2  Aaa (sf)  AAA (sf)
 A-3  Aaa (sf)  AAA (sf)
 B  Aa2 (sf)  AA (sf)
 C  A2 (sf)  A (sf)
 D  Baa2 (sf)  BBB (sf)
 E  Ba2 (sf)  BB (sf)

GM Financial indicated the 2012-3 transaction will have
initial credit enhancement of 7.25 percent, consisting of a 2.00 percent cash
deposit and 5.25 percent overcollateralization. The company added total
required enhancement will build to 14.25 percent of the then-outstanding
receivable pool balance, which includes the initial 2.00 percent cash deposit.

"Copies of the prospectus relating to the public offering of
receivables-backed securities may be obtained from the lead managers and
co-managers," company officials said. "The Class E Notes have been privately
offered via a private placement memorandum which may be obtained from the lead
managers.

"This press release shall not constitute an offer to sell or
the solicitation of an offer to buy the securities described in this press
release, nor shall there be any sale of these securities in any state in which
such offer, solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state," GM Financial
concluded.