Credit Acceptance Corp

• Country

  United States of America

• Sector

  Financials

• Industry group

  Financial Services

• Industry

  Consumer Finance

• Sub-sector

  Financials

• Capitalization (millions of $)

  6822.1

• Ticker

  CACC.O

• ISIN

  US2253101016

• IPO date

  1992-06-05

• Availability on Russian exchanges

  Yes

• Reporting for

  2024-02-12

• Date fact. publication of reports

  2023-12-31

Credit Acceptance Corporation is engaged in offering financing programs that enable automobile dealers to sell vehicles to consumers. The Company offers two financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers, which is referred to as dealer loan in exchange for the right to service the underlying consumer Loans. Under the Purchase Program, the Company buys the consumer loans from the dealers, which is referred to as a purchased loan 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.