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Credit Acceptance enacts ‘final’ planned layoffs as it builds new sales strategy

Layoffs affected 6% of staff

Credit Acceptance Corp. cut 6% of its staff as the Southfield, Mich.-based lender restructures its sales department to prioritize developing dealer relationships. More than 50 employees were laid off on Aug. 26, mainly from CAC’s sales department, former employees confirmed to Auto Finance News today. In response to the layoffs, CAC provided the following statement […]

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