10-31-2023, 02:26 PM
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-insuran...s-18-loans
<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-insuran...s-18-loans