Credit Acceptance

#2604

Rank

$5.62B

Marketcap

United States

Country

Leadership team

Mr. Kenneth S. Booth (CEO, Pres & Director)

Mr. Daniel A. Ulatowski (Chief Sales Officer)

Mr. Arthur L. Smith (Chief Analytics Officer)

Products/ Services

Financial Services

Number of Employees

1,000 - 20,000

Headquarters

Southfield, Michigan, United States

Established

1972

Company Registration

SEC CIK number: 0000885550

Net Income

500M - 1B

Revenue

Above - 1B

Traded as

CACC

Social Media

URL

https://www.creditacceptance.com

Overview

Location

Recognition and Award

References

Summary

Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company was founded in 1972 and is headquartered in Southfield, Michigan.

History

In 1972, Credit Acceptance Corporation was founded by Donald Foss, one of the largest used car dealers in the world at that time.

In 1992, Credit Acceptance Corporation completed its initial public offering on the Nasdaq exchange, where it trades under the symbol "CACC."

Mission

WE BELIEVE... EVERYONE DESERVES A SECOND CHANCE Our company is unique. Enrolled dealers share in the cash flows from the contract, which creates an alignment of interests and is a critical element of our success. Dealers have an incentive to sell reliable vehicles that last the term of the contracts, as they benefit from those who successfully repay their contracts.

Vision

To be the industry leader in providing innovative financial solutions for customers, dealers and partners.

Key Team

Mr. Douglas W. Busk (Chief Treasury Officer)

Mr. Jonathan L. Lum (Chief Operating Officer)

Mr. Jay D. Martin (Sr. VP of Accounting & Financial Reporting and Principal Accounting Officer)

Mr. Ravi Mohan (Chief Technology Officer)

Mr. Noah Kotch (Chief Information Officer)

Ms. Erin J. Kerber (Chief Legal Officer & Corp. Sec.)

Mr. Andrew Rostami (Chief Marketing & Product Officer)

Recognition and Awards

Recipient of the 2017 Community Investment Award from the National Automobile Dealers Association , Named one of the "101 Best and Brightest Companies to Work For in Detroit" by the Michigan Business & Professional Association, Recipient of the 2017 Small Employer Employer of the Year Award from the National Automotive Dealers Association