Credit Acceptance Signs 260 New Dealer-Partners in 2001.Business Editors SOUTHFIELD Southfield, city (1990 pop. 75,728), Oakland co., SE Mich., a suburb of Detroit, on the Rouge River; laid out 1817, inc. as a city 1958. There are electronics research, meat-processing, and printing facilities, and manufactures include plastic, metal, rubber, and , Mich.--(BUSINESS WIRE)--Feb. 12, 2002 Credit Acceptance Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CACC CACC Center for Animal Care and Control CACC Canadian Association for Community Care CACC Central Alabama Community College CACC Chilterns Association of Camera Clubs (United Kingdom) ) approved 260 dealer-partners to enter its nationwide network in 2001. Credit Acceptance provides its network of dealer-partners with financing sources for consumers who want to buy an automobile, but have limited access to credit. With the addition of the new dealer-partners, Credit Acceptance has grown its network to 687 dealer-partners in 125 of the 210 major markets that blanket the US. Credit Acceptance expects to penetrate most of the remaining 85 markets in 2002. "Selecting and approving dealer-partners to join our nationwide network is an exacting process both for our dealer-partners and us" said Keith Keith may refer to: People with the given name Keith:
Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the through our Patent-Pending CAPS system (Credit Application Processing System) for all of their customers." Credit Acceptance plans to add just 200 dealer-partners to its network each year from 2003 to 2011. At the end of that period, the company will have admitted less than three percent of the country's 80,000 new and used car dealers into its exclusive nationwide dealer-partner network. "The growth of our business is not based on the sheer volume of dealers we approve to join our dealer-partner network," explained Mr. McCluskey. "We're much more interested in selecting a very limited number of the best dealers in each market and partnering with them to build their businesses through our Patent-Pending guaranteed credit approval program." Credit Acceptance is an indirect sales financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company specializing in products and services for a network of automobile dealer-partners in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. Credit Acceptance provides its dealer-partners with financing sources for consumers with limited access to credit and delivers credit approvals instantly through the Internet. Other dealer-partner services include marketing, training and a wholesale purchasing cooperative purchasing cooperative, n a group of dental professionals pooling their financial resources to purchase large quantities of supplies and equipment for the purpose of obtaining a discount. . Through its financing program, Credit Acceptance helps consumers change their lives by providing them an opportunity to strengthen and reestablish their credit standing by making timely monthly payments. Credit Acceptance is publicly traded on Nasdaq under the symbol CACC. For more information, visit www.creditacceptance.com. |
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