Credit Acceptance Corporation is engaged in providing financing solutions that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a nationwide network of automobile dealers. Its loan portfolio consists of two portfolio segments: dealer loans and purchased loans. The Company offers two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers and keeps all amounts collected from the consumer. Its target market consists of approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers, and support active dealers.
Company codeCACC
Company nameCredit Acceptance Corp
IPO dateJun 05, 1992
Founded at1972
CEOMr. Kenneth S. Booth
Number of employees2431
Security typeOrdinary Share
Fiscal year-endJun 05
Address25505 W 12 Mile Rd
CitySOUTHFIELD
Stock exchangeNASDAQ Global Select Consolidated
CountryUnited States of America
Postal code48034-1846
Phone12483532700
Websitehttps://www.creditacceptance.com/
Company codeCACC
IPO dateJun 05, 1992
Founded at1972
A total of
0.00
USD has been distributed in dividends over the past 5 years.

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