PROFILE |
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Slick car salesmen have a secret weapon in selling cars to buyers with bad or no credit. Working with used-car dealers in the US, Canada, Ireland, and the UK, Credit Acceptance Corporation (CAC) provides capital for used-car loans at top interest rates to people with substandard credit. CAC also provides other services to dealers, including collecting payments, managing receivables, and training sales staff. Dealers allied with CAC can also offer car buyers collateral protection, credit life, and disability insurance, as well as vehicle service contracts. Founder, chairman, and CEO Donald Foss owns about 55% of the company.
COMPETITION |
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AmeriCredit Corp. (ACF)
Ford Motor Credit Company (dossier)
General Motors Acceptance Corporation (dossier)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 123.80
1-Yr. Sales Growth: 6.7%
Employees: 659
Revenue per employee: $187,860.39
KEY PEOPLE |
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Donald A. Foss
CEO
Douglas W. Busk
CFO
CONTACT INFO |
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25505 W. 12 Mile Rd., Ste. 3000
Southfield, MI 48034
US
Phone: 248-353-2700
Fax: 248-353-9776
Online: Web Site
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