Credit Acceptance Corp 2024年度报告

(Mark One)☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the fiscal year ended December 31, 2024OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the transition period from ______ to ________ Commission file number 000-20202 CREDIT ACCEPTANCE CORPORATION (Exact name of registrant as specified in its charter) 38-1999511 (I.R.S. Employer Identification No.) 25505 W. Twelve Mile RoadSouthfield,Michigan48034-8339(Address of principal executive offices)(Zip Code)Registrant’s telephone number, including area code:(248) 353-2700 Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on whichregistered Common Stock, $.01 par valueCACCThe Nasdaq Stock Market LLCSecurities registered pursuant to section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes þ No o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No þ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes þ No o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. filer☐Accelerated filer☐filer☐company☐company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b).o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No þ The aggregate market value of 6,201,669 shares of the registrant’s common stock held by non-affiliates on June 30, 2024 wasapproximately $3,191.9 million. For purposes of this computation, all officers, directors and 10% beneficial owners of the registrantare assumed to be affiliates. Such determination should not be deemed an admission that such officers, directors and beneficialowners are, in fact, affiliates of the registrant. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's definitive proxy statement pertaining to the registrant’s 2025 annual meeting of shareholders (the “ProxyStatement”) to be filed pursuant to Regulation 14A are incorporated herein by reference into Part III of this Annual Report on Form10-K (this “Form 10-K”). CREDIT ACCEPTANCE CORPORATIONYEAR ENDED DECEMBER 31, 2024 INDEX TO FORM 10-K PART I ITEM 1.BUSINESS General Credit Acceptance Corporation (referred to as the “Company”, “Credit Acceptance”, “we”, “our” or“us”)makes vehicle ownership possible by providing innovative financing solutions that enableautomobiledealers to sell vehicles to consumers,regardless of their credit history. Our financingprograms are offered through a nationwide network of automobile dealers who benefit from sales ofvehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generatedby these same customers; and from sales to customers responding to advertisements for our financingprograms, but who actually end up qualifying for traditional financing. Without our financing programs, consumers are often unable to p