Credit Acceptance Corporation (CACC) is a publicly traded company in the Financial Services sector, operating within the Financial - Credit Services industry. The company is headquartered in Southfield, MI, United States. The current CEO is Vinayak R..
CACC has IPO date of 1992-06-05, 2,431 full-time employees, listed on the NASDAQ Global Select, a market capitalization of $5.4B.
Credit Acceptance Corporation is a specialized finance company that provides financing programs and related services to independent and franchised automobile dealers across the United States. The company advances capital to dealers in exchange for the right to service underlying consumer auto loans, and purchases consumer loans directly from dealers while retaining collected payments. Additionally, the company operates a reinsurance business covering vehicle service contracts sold by dealers on vehicles financed through its programs. Founded in 1972 and headquartered in Southfield, Michigan, Credit Acceptance serves as a key financing partner for automobile dealers nationwide.
