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Credit Acceptance origination volume climbs 22%

CAC revenue landed at $457.4M, beating analysts estimates by $2.6M

Amanda Harris and Joey Pizzolato

Subprime lender Credit Acceptance Corp. (CAC) logged a 22% year-over-year jump in consumer loan assignments on a dollar basis and a 5.1% YoY increase on a unit volume basis to 73,340, according to Monday’s Q2 earnings release. The growth follows five straight quarters of YoY declines in consumer loan assignments in both dollar and unit […]

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