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Home » CAC’s origination volume falls 29.4% YoY in Q3

CAC’s origination volume falls 29.4% YoY in Q3

Oustandings also decreased 4.8% YoY

Amanda HarrisbyAmanda Harris
November 3, 2021
in Earnings
Reading Time: 2 mins read
0
Credit Acceptance Extends Revolving Period of Warehouse Facility

Bloomberg

Credit Acceptance Corp. again experienced a decrease in origination volume in the third quarter as inventory constraints show no sign of letting up. The lender’s number of purchased contracts fell 29.4% year over year to 56,260 contracts, while the number of active dealers who sold at least one contract to CAC decreased 15% YoY to […]

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