Credit Acceptance Net Worth 2010-2024 | CACC
Interactive chart of historical net worth (market cap) for Credit Acceptance (CACC) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Credit Acceptance net worth as of November 13, 2024 is $5.32B.
| Sector |
Industry |
Market Cap |
Revenue |
| Finance |
Finance - Consumer Loands |
$5.325B |
$1.902B |
|
Credit Acceptance Corporation being a credit services company, operates through one segment, primarily focusing on offering financing programs, and related products and services to automobile dealers in the U.S. enabling them to sell vehicles to consumers irrespective of their credit history. Credit Acceptance offers financing programs through a country-wide network of automobile dealers. Credit Acceptance has two loan programs. Under the Portfolio Program, the company gives money to dealers (called Dealer Loans) in exchange for the right to service the underlying Consumer Loan. Under the Purchase Program, the company buys Consumer Loans from the dealers (called Purchased Loan) and keeps all the money collected from the consumer. Further, Credit Acceptance through its wholly-owned subsidiary, VSC Re Company, is engaged in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company.
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