Credit Acceptance Corporation · Southfield, MI United States ·(NASDAQ (GM): CACC)
Company Description
Phone: 248-353-2700
Fax: 248-827-8553
Toll Free: 800-634-1506
View Credit Acceptance Corporation Locations On A US Map
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This link will open in a new window In the world of Credit Acceptance Corporation (CAC), to purchase a car is not an impossible dream for problem borrowers -- just an expensive reality. Working with more than 3,000 independent and franchised automobile dealers in the US, CAC provides capital for auto loans to people with substandard credit. The company also provides other services to dealers, including payment servicing, receivables management, marketing, and service contracts. It originates more than 1.7 million loans per year; Texas is the company's largest market. Founder and chairman Donald Foss owns more than 60% of Credit Acceptance. To read the full description, subscribe now.
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Key Credit Acceptance Corporation Financials
| Company Type | Public - NASDAQ (GM): CACC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $312.2 |
| Employees | 1,048 |
Credit Acceptance Corporation Executives
11 executives listed for Credit Acceptance Corporation's Southfield, MI location.
| Title | Name & Bio | Contact |
| Chairman | Donald Foss | Network |
| CEO and Director | Brett Roberts | Network |
| President | Steven Jones | Network |
Competition
Competitive Landscape for Credit Acceptance Corporation
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top Credit Acceptance Corporation Competitors
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