AUTC Autochina International Limited (MM)

AutoChina International Limited (“AutoChina” or the “Company”) (NASDAQ: AUTC), China’s largest commercial vehicle sales, servicing, leasing, and support network, today announced that the Company leased 3,076 commercial vehicles (primarily Class 8 heavy trucks) in the fourth quarter of 2010, compared to 3,275 in the fourth quarter of 2009 and 2,849 in the third quarter of 2010. AutoChina leased 12,561 commercial vehicles during the year ending December 31, 2010, meeting its guidance of between 12,000 and 13,000 trucks leased for the year. Since launching its commercial vehicle sales and leasing business in March 2008, the Company has leased over 21,000 trucks.

As of December 31, 2010, AutoChina operated 300 commercial vehicle financing centers in 17 provinces or province-level regions, exceeding its expectation of operating at least 275 locations by the end of 2010. The Company operated 157 branches at the end of 2009 and 218 branches at the end of the third quarter of 2010. During the fourth quarter, AutoChina continued to make significant progress expanding its store network into southern China. The majority of branch openings during the fourth quarter were in the Jiangsu (13 stores), Hunan (12 stores), Anhui (9 stores), Hubei (9 stores), Jiangxi (8 stores), Liaoning (8 stores), and Sichuan (8 stores) provinces.

Mr. Yong Hui Li, Chairman and CEO of AutoChina, stated, “We expanded rapidly in 2010 to take advantage of the robust heavy-truck market in China and are pleased to have exceeded our initial operating goals for the year. According to the China Association of Automobile Manufacturers, 2010 sales of heavy-duty trucks in China increased approximately 60% year over year to more than 1 million units. We continue to expect significant growth in our business, though it is difficult to predict whether China’s heavy-truck market can maintain the tremendous pace of growth in sales that we saw in 2010. We are still very confident in the market’s long-term prospects, as improvements to highway infrastructure will only help serve China’s consumer and industrial demand. We look forward to updating investors on our operational goals when the Company reports its financial results for the fourth quarter and year ended December 31, 2010.”

About AutoChina International Limited:

AutoChina International Limited is China’s largest commercial vehicle sales, servicing, leasing, and support network. AutoChina’s operating subsidiary was founded in 2005 by nationally recognized Chairman and CEO, Yong Hui Li. The Company owns and operates 300 commercial vehicle financing centers across China; and primarily provides sales-type leasing and support services for local customers. The Company’s website is http://www.autochinaintl.com.

Safe Harbor Statement:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about the Company. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of the Company's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to meaningfully differ from those set forth in the forward-looking statements:

• Continued compliance with government regulations;
• Changing legislation or regulatory environments;
• Requirements or changes affecting the businesses in which the Company is engaged;
• Industry trends, including factors affecting supply and demand;
• Labor and personnel relations;
• Credit risks affecting the Company's revenue and profitability;
• Changes in the commercial vehicle industry;
• The Company’s ability to effectively manage its growth, including implementing effective controls and procedures and attracting and retaining key management and personnel;
• Changing interpretations of generally accepted accounting principles;
• General economic conditions; and
• Other relevant risks detailed in the Company’s filings with the Securities and Exchange Commission.

The information set forth herein should be read in light of such risks. The Company does not assume any obligation to update the information contained in this press release.

Autochina International Limited (MM) (NASDAQ:AUTC)
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