Business Services Industry

ACC Consumer Finance Corp. releases its static pool performance data

Business Wire, June 5, 1997

SAN DIEGO--(BUSINESS WIRE)--June 5, 1997--ACC Consumer Finance Corp. (NASDAQ:ACCI) Thursday released its static pool performance data.

The static pool information is reported for each of ACCI's asset-backed securities transactions. In addition, ACCI released static pool information on a vintage basis.

The attached Table 1 profiles the monthly results for ACC Auto Grantor Trust 1995-A, 1995-B, 1996-A, 1996-B, 1996-C and 1996-D; and for ACC Automobile Receivables Trust 1997-A. The attached Table 2 profiles the monthly results for the contracts originated by ACCI in each of the calendar quarters from the first quarter of 1995 through the first quarter of 1997.

ACCI will conduct a conference call on Friday, June 6, 1997, at 8 a.m. PDT. The telephone number to access the call is 800/553-5275. (After the call, there will be a playback option available. Please contact ACCI for information on how to access this playback.) In addition to responding to questions regarding the information contained in this news release, management will discuss the comparative performance of the pools.

ACCI specializes in indirect financing of automobile installment contracts purchased primarily from franchised automobile dealers for consumers who have limited access to traditional sources of financing for vehicle purchases. The company purchases these contracts through its five regional credit centers in Atlanta; Dallas; Newark, N.J.; Delaware; Miami; and San Diego.

The company currently services contracts in 38 states and actively markets its program to dealers in Arizona, California, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, Montana, North Carolina, Nebraska, Nevada, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia and Washington. -0-

                      ACC CONSUMER FINANCE
             STATIC POOL RESULTS -- ABS TRANSACTIONS
                      DATA THROUGH MAY 1997


MONTH   1995-A    1995-B    1996-A    1996-B   1996-C   1996-D  1997-A
------------------------------------------------------------------------

1       0.00%     0.01%     0.00%     0.00%    0.00%    0.00%   0.00%
2       0.06%     0.01%     0.02%     0.05%    0.05%    0.07%   0.05%
3       0.18%     0.10%     0.34%     0.26%    0.34%    0.39%   0.26%
4       0.77%     0.44%     0.63%     0.86%    1.04%    1.20%
5       1.27%     0.97%     1.08%     1.54%    1.85%    1.51%
6       1.53%     1.56%     1.52%     2.06%    2.49%    2.13%
7       2.13%     1.92%     2.08%     2.54%    3.00%
8       2.43%     2.24%     2.95%     3.17%    3.26%
9       2.86%     2.65%     3.43%     3.55%    3.70%
10      3.04%     3.13%     3.87%     3.97%
11      3.36%     3.82%     4.73%     4.31%
12      3.42%     4.25%     5.01%     4.61%
13      3.70%     4.71%     5.37%
14      3.81%     5.11%     5.64%
15      4.10%     5.52%     6.02%
16      4.47%     5.97%
17      4.64%     6.48%
18      5.12%     6.72%
19      5.41%     7.05%
20      5.60%     7.18%
21      5.82%     7.52%
22      6.15%
23      6.25%
24      6.36%
25      6.62%


                       ACC CONSUMER FINANCE
             STATIC POOL LOSS RESULTS -- VINTAGE BASIS
                       DATA THROUGH MAY 1997


MONTH  Q1'95  Q2'95  Q3'95  Q4'95  Q1'96  Q2'96  Q3'96  Q4'96  Q1'97
----------------------------------------------------------------------

1      0.00%  0.00%  0.01%  0.01%  0.00%  0.01%  0.01%  0.02%  0.01%
2      0.00%  0.01%  0.01%  0.13%  0.00%  0.05%  0.07%  0.13%  0.06%
3      0.04%  0.16%  0.10%  0.44%  0.13%  0.17%  0.30%  0.50%  0.18%
4      0.24%  0.67%  0.37%  0.89%  0.30%  0.47%  0.79%  0.82%
5      0.47%  1.20%  0.68%  1.46%  0.56%  0.96%  1.46%  1.18%
6      0.89%  1.41%  1.23%  1.93%  1.06%  1.36%  2.05%  1.83%
7      1.84%  1.89%  1.54%  2.29%  1.56%  1.72%  2.56%
8      2.48%  2.67%  1.97%  2.70%  2.18%  2.24%  3.16%
9      2.74%  2.98%  2.46%  3.20%  2.84%  2.62%  3.71%
10     3.41%  3.25%  3.03%  3.54%  3.01%  3.00%
11     3.97%  3.58%  3.95%  4.20%  3.90%  3.43%
12     4.10%  3.88%  4.06%  4.57%  4.28%  3.88%
13     4.40%  4.25%  4.74%  4.95%  4.81%
14     4.64%  4.87%  5.24%  5.53%  5.28%
15     5.14%  5.09%  5.69%  5.92%  5.74%
16     5.33%  5.37%  6.04%  6.33%
17     5.71%  5.77%  6.60%  6.67%
18     6.09%  6.18%  6.83%  6.97%
19     6.52%  6.46%  6.93%
20     7.05%  7.04%  7.48%
21     7.23%  7.49%  7.81%
22     7.54%  7.77%
23     7.84%  8.14%
24     8.16%  8.30%
25     8.23%
26     8.53%
27     9.01%

COPYRIGHT 1997 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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