---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-24-000050"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T03:11:59.678892+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance reports record loan portfolio of $7.0B; volume and spread growth continue

## Summary
- Loan portfolio reached $7.0B at year-end 2023 (highest ever); unit and dollar volumes grew 18.6% and 14.4%.
- Initial spread on 2023 assignments increased to 21.3% from 20.1% in 2022; seven consecutive quarters of growth.
- Secured $700M in new asset-backed financing; $1.4B unused capacity under revolving facilities as of March 31, 2024.
- Since 1999, repurchased approximately 40.4 million shares; $1B in senior notes outstanding.

## SEC filing metadata
- accession: 0000885550-24-000050
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555024000050/0000885550-24-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555024000050/cacc-20240403.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-24-000050
- JSON: https://secwatch.observer/filing/0000885550-24-000050.json
- Plain text: https://secwatch.observer/filing/0000885550-24-000050.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.