Credit Acceptance Announces Increase and Extension of Asset-Backed Financing

Group 1 - The company provides innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history [1][5] - Credit Acceptance Corporation has increased the amount of its asset-backed non-recourse secured financing from $200.0 million to $300.0 million, with the revolving period extended to June 15, 2027 [2][3] - The financing programs not only facilitate vehicle purchases for consumers but also help improve their credit scores, allowing them to access more traditional financing options in the future [5] Group 2 - Credit Acceptance Corporation is publicly traded on the Nasdaq Stock Market under the symbol CACC [5]