CREDIT ACCEPTANCE CORP Logo

CREDIT ACCEPTANCE CORP

Provides indirect auto financing programs to car dealers for subprime consumers.

CACC | NDAQ

Overview

Corporate Details

ISIN(s):
US2253101016
LEI:
Country:
United States of America
Address:
25505 WEST TWELVE MILE ROAD, SOUTHFIELD
Sector:
Mining and quarrying
Industry:
Extraction of natural gas

Description

Credit Acceptance Corp is a financial services company specializing in indirect automobile financing for the subprime market. For over 50 years, the company has provided financing programs, services, and capital to a nationwide network of car dealers, enabling them to sell vehicles to consumers with poor or no credit history. Its core business model allows participating dealers to offer credit approval to a broad spectrum of customers, including those with past credit challenges or open bankruptcies. By partnering with dealers, Credit Acceptance facilitates vehicle purchases for individuals who may not qualify for traditional loans, thereby expanding the dealers' potential customer base.

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Insider Transactions

Date Insider Name Position Type Shares Value
No insider transactions recorded for this company.

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