CREDIT ACCEPTANCE CORP — Director's Dealing 2011

May 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2011-05-12

Reporting Person: KNOBLAUCH MICHAEL W (SVP Loan Servicing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-12	Common Stock	M	425	$9.885	Acquired	58589	Direct
2011-05-12	Common Stock	S	100	$80.01	Disposed	58489	Direct
2011-05-12	Common Stock	S	100	$80.17	Disposed	58389	Direct
2011-05-12	Common Stock	S	100	$80.22	Disposed	58289	Direct
2011-05-12	Common Stock	S	125	$80.23	Disposed	58164	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-12	Employee Stock Option (right to buy)	$9.885	M	425	Disposed	2012-02-11	Common Stock (425)	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.