Car Lenders on the Rise: Credit Acceptance Shines in the Subprime Segment

Credit Acceptance Corporation is a U.S. financial services company based in Southfield, Michigan, specializing in the financing of used vehicles for consumers with poor or no credit history. The company enables vehicle ownership through innovative financing solutions that allow car dealers to sell vehicles to consumers regardless of their credit history. With a current market capitalization of about $5.9 billion and annual revenue of $2.2 billion, Credit Acceptance is a significant player in the subprime auto financing market. Consumer Protection...