Credit Acceptance Corporation announced today that Nasdaq has approved its application for relisting its common stock on the Nasdaq National Market. The Company expects trading in its common shares to begin on the Nasdaq National Market on Wednesday, April 26, 2006 under the symbol CACC.
Description of Credit Acceptance Corporation:
Since 1972, Credit Acceptance has provided auto loans to consumers, regardless of their credit history. Our product is offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our product, but who actually end up qualifying for traditional financing.
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