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Credit Acceptance

#2545

Rank

$5.78B

Marketcap

US United States

Country

Credit Acceptance
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
Overview
Location
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
References
Credit Acceptance
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