As long as lenders have access to capital, competition in the auto finance space will be tough, said Credit Acceptance Corp. CEO Brett Roberts during an April 29 call with analysts. “The competitive environment continues to be challenging,” he said. “We probably won’t see a change there until the sources of capital dry up for the subprime auto finance industry.” One indicator of that competition is CAC’s loan volume per dealer, which continues to decline. “But it’s declining at a slower rate, which is allowing us to grow originations a little bit faster than we had in prior quarters,” Roberts said.