Credit Acceptance Q3 net income slips, but loans up

Credit Acceptance Q3 net income slips, but loans up

Credit Acceptance Corp. Q3 2023 earnings: CACC net income dropped 18 percent year over year to $70.8 million, dragged down in part by the major used-vehicle lender having to pay more for the funds it loaned car shoppers. But third-quarter car loan originations rose 13 percent, and they’ve been up materially in October.

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