| Business Summary | | Credit
Acceptance
Corporation
(CAC)
is
a
specialized
financial
services
company
that
provides
funding,
receivables
management,
collection,
sales
training
and
related
products
and
services
to
automobile
dealers
located
in
the
United
States,
the
United
Kingdom,
Canada
and
Ireland.
CAC
assists
such
dealers
with
the
sale
or
lease
of
used
vehicles
by
providing
an
indirect
financing
source
for
consumers
with
limited
access
to
traditional
sources
of
credit.
The
Company
is
organized
into
three
primary
business
segments,
which
include
CAC
North
America,
CAC
United
Kingdom
and
CAC
Automotive
Leasing. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CACC
is
a
specialized
financial
services
company
which
provides
funding,
receivables
management,
collection,
sales
training
and
related
services
to
automobile
dealers.
For
the
six
months
ended
6/30/01,
revenues
rose
19%
to
$72
million.
Net
income
rose
21%
to
$14.3
million.
Revenues
reflect
an
increase
in
lease
portfolio
and
increased
installment
contract
originations
in
the
North
American
segment.
Higher
income
also
reflects
lower
depreciation
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Donald Foss, 56 Chairman
and CEO | $490K | Michael Knoblauch, 37 Pres | 445K | Douglas Busk, 40 CFO,
Treasurer | -- | Thomas FitzSimmons, 57 Managing
Director, United Kingdom Operations | 305K | Matthew Hilzinger Exec.
VP-Fin. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|