Automotive News Credit Acceptance Q3 net income slips, but loans up - Printable Version

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Credit Acceptance Q3 net income slips, but loans up - Automotive News - 10-31-2023

Credit Acceptance Q3 net income slips, but loans up

<p>Credit Acceptance Corp. Q3 2023 earnings: CACC net income dropped 18 percent year over year to $70.8 million, dragged down in part by the major used-vehicle lender having to pay more for the funds it loaned car shoppers. But third-quarter car loan originations rose 13 percent, and they've been up materially in October.</p>

https://www.autonews.com/finance-insurance/credit-acceptance-q3-earnings-net-income-slips-18-loans