Credit Acceptance Corporation Reports Strong Q3 Growth in Loan Volume and Dealer Network
Credit Acceptance Corporation (CACC) reported significant growth during its third quarter, driven by a substantial increase in consumer loan assignment unit volume, which rose 38% year-over-year. The company also saw a 51% surge in total loan dollar volume, reflecting robust demand and operational scaling. The company's dealer network has reached record levels, with active dealers exceeding 12,000. Looking ahead to the 2025-2026 vintages, management is forecasting a collection rate of approximately 65%, signaling their strategic outlook on credit performance and portfolio management.
Tickers: $CACC
Topics: dealer network expansion earnings report loan volume growth
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