Credit Acceptance Corp
CACCCredit Acceptance Corp (CACC) is a leading provider of automotive financing and sale-leaseback programs in the United States. The company specializes in providing used car dealers with installment loan solutions for consumers, particularly those with subprime credit. Founded in 1972, Credit Acceptance works through a network of independent automotive dealers, offering comprehensive financing options to facilitate vehicle sales and help customers build or improve their credit profiles.
Company News
Subprime auto loan delinquency rates have reached 6.8% at the start of 2026, the worst in 32 years and exceeding Great Recession levels. This poses significant risks to subprime lenders like OneMain Holdings and Credit Acceptance, whose loan portfolios are underperforming. Capital One Financial, which uses more stringent lending criteria, maintai...
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Credit Acceptance Corporation announced that it will release its fourth quarter 2025 earnings on January 29, 2026, after market close, followed by a webcast at 5:00 p.m. Eastern Time. The company will discuss results through both telephone and webcast access, with registration required for telephone participation.
Credit Acceptance Corporation has been named to the 2024 list of Top Workplaces for Remote Work, ranking #2 out of 54 companies in the 500-plus employee-size category. The company's remote-first policy, strong culture, and recognition as a top workplace have contributed to this achievement.
Credit Acceptance Corporation, a provider of innovative financing solutions for automobile dealers, has completed a $600.0 million asset-backed non-recourse secured financing. The financing will be used to repay outstanding indebtedness and for general corporate purposes.
