CREDIT ACCEPTANCE CORP — Director's Dealing 2010

Nov 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2010-11-04

Reporting Person: KNOBLAUCH MICHAEL W (SVP Loan Servicing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-04	Common Stock	M	6274	$9.885	Acquired	62438	Direct
2010-11-04	Common Stock	S	6274	$62.00	Disposed	56164	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-04	Employee Stock Option (right to buy)	$9.885	M	6274	Disposed	2012-02-11	Common Stock (6274)	Direct

Footnotes

F1: Includes 2,000 restricted stock units that have vested under the Company's Incentive Compensation Plan.

F2: The employee stock options vested in installments based on the Company's satisfaction of certain performance-related criteria and became vested in full on February 27, 2006.