Credit Acceptance Corporation (NASDAQ: CACC) is a prominent American auto finance company specializing in providing financing programs to automobile dealers. These programs are designed to enable dealers to sell vehicles to consumers with a wide range of credit histories, including those with limited or poor credit. Founded in 1972, Credit Acceptance has established itself as a key player in the subprime auto lending market. Their core business model involves advancing money to dealers (Dealer Loans) in exchange for the right to service the underlying consumer loans. This allows car buyers, who might otherwise be unable to secure financing, to purchase vehicles, thereby expanding the customer base for participating dealerships. The company's programs aim to help consumers build or rebuild their credit while providing dealers with a tool to increase sales. Credit Acceptance is known for its focus on risk management and its proprietary credit approval system.
The headquarters serves as the central hub for corporate leadership, strategic planning, national operations management, finance and accounting, legal and compliance, information technology, and human resources for Credit Acceptance's nationwide auto financing programs.
The Southfield headquarters is a modern office facility designed to accommodate a large corporate staff. While specific architectural awards are not publicly emphasized, it is a functional and professional environment tailored to the needs of a major financial services company.
The work culture at Credit Acceptance's headquarters is often described as dynamic, results-driven, and emphasizing compliance, which is typical for the financial services sector. The company promotes its 'PRIDE' values: Positive, Respectful, Insightful, Direct, and Earnest, aiming to foster a collaborative and ethical workplace.
The Southfield headquarters is strategically important due to its location in the Metro Detroit area, the historical center of the U.S. automotive industry. This provides access to a relevant talent pool and maintains connections within the broader automotive ecosystem.
Credit Acceptance's operations and services are primarily focused on the United States market. The company provides auto financing programs to automobile dealers and consumers across the U.S. It does not have a significant physical or operational presence in international markets for its core auto finance business.
25505 West Twelve Mile Road
Southfield
Michigan
USA
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As of April 2025, Credit Acceptance' leadership includes:
Credit Acceptance has been backed by several prominent investors over the years, including:
The top executive team at Credit Acceptance (CEO, CFO, and other C-level officers as listed on their investor relations page) has shown stability over the past 12 months, with no major publicly announced hires or departures at this highest leadership tier reported in SEC filings or major press releases.
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Credit Acceptance typically uses a consistent email format for its employees, which is common in corporate environments. The most prevalent format appears to be the first initial followed by the last name.
firstinitiallast@creditacceptance.com
Format
kbooth@creditacceptance.com (example for Kenneth Booth)
Example
90%
Success rate
Credit Acceptance Investor Relations • April 29, 2024
Credit Acceptance reported its financial results for the first quarter ended March 31, 2024. Key highlights included GAAP net income of $70.6 million, adjusted net income of $84.3 million, and updates on loan origination volumes and credit performance trends....more
Credit Acceptance Q1 2024 Earnings Release • April 29, 2024
In conjunction with its Q1 2024 earnings, Credit Acceptance disclosed that it repurchased 117,351 shares of its common stock during the quarter at a weighted average price of $470.55 per share, as part of its ongoing capital return strategy....more
Zacks Equity Research • June 10, 2024
Zacks Equity Research highlighted Credit Acceptance's stock performance on June 10, 2024, noting its decline in contrast to broader market gains. The report touched on potential factors influencing CACC's trading activity and investor sentiment....more
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