CREDIT ACCEPTANCE CORP — Director's Dealing 2011

May 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2011-05-10

Reporting Person: KNOBLAUCH MICHAEL W (SVP Loan Servicing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-10	Common Stock	M	10000	$9.885	Acquired	68164	Direct
2011-05-10	Common Stock	S	9946	$78.00	Disposed	58218	Direct
2011-05-10	Common Stock	S	54	$78.03	Disposed	58164	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-10	Employee Stock Option (right to buy)	$9.885	M	10000	Disposed	2012-02-11	Common Stock (10000)	Direct

Footnotes

F1: Includes 4,000 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.