CACC on Nasdaq
Logo: Credit Acceptance, Public domain, via Wikimedia Commons4
Auto financing company
Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products. The company operates its financial program through a national network of dealer-partners, the automobile dealers participating in the programs. The company operates two programs: the "Portfolio Program" and the "Purchase Program".3 It was founded by Donald Foss.1 Its chief executive is Vinayak R. Hegde (since 2025).1 Its shares trade on Nasdaq under the symbol CACC.1 Wikipedia text CC BY-SA 4.0
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Last updated Oct 21, 2026.
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Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products. The company operates its financial program through a national network of dealer-partners, the automobile dealers participating in the programs. The company operates two programs: the "Portfolio Program" and the "Purchase Program". Through these programs, the company can advance money to automobile dealers in exchange for the right to service the underlying consumer loans and can buy the consumer loans from automobile dealers. Credit Acceptance reported annual revenue of $1.49B for 2019.3
From the company’s reports to the SEC. Every number links to the filing it came from.
Out of $2.3B in revenue.8
Out of $1.1B of cash from operations.8
Every line of the income statement as filed: the last 3 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Finance Charges Revenue | $2.1B | $2.0B | $1.8B |
| Premiums earned | $95.6M | $96.1M | $79.6M |
| Other Income | $79.8M | $73.6M | $66.9M |
| Total revenue | $2.3B | $2.2B | $1.9B |
| Salaries and wages | $337.1M | $309.2M | $280.2M |
| General and administrative | $161.4M | $97.9M | $87.2M |
| Sales and marketing | $101.4M | $94.4M | $91.7M |
| Operating Expenses | $599.9M | $501.5M | $459.1M |
| Provision for Credit Losses on Forecast Changes | $338.3M | $493.8M | $413.7M |
| Provision for credit losses | $277.8M | $320.9M | $322.5M |
| Financing Receivable, Credit Loss, Expense (Reversal) | $616.1M | $814.7M | $736.2M |
| Interest | $462.9M | $419.5M | $266.5M |
| Provision for claims | $71.7M | $73.5M | $70.7M |
| Loss on extinguishment of debt | $1.2M | $0 | $1.8M |
| Loss on sale of building | $0 | $23.7M | $0 |
| Total costs and expenses | $1.8B | $1.8B | $1.5B |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total | $565.4M | $329.5M | $367.6M |
| Effective tax rate, amount | $141.5M | $81.6M | $81.5M |
| Net income | $423.9M | $247.9M | $286.1M |
| Basic (in usd per share) | $37.02 | $20.12 | $22.09 |
| Diluted (in usd per share) | $36.38 | $19.88 | $21.99 |
| Basic (in shares) | 11.5M shares | 12.3M shares | 13.0M shares |
| Diluted (in shares) | 11.7M shares | 12.5M shares | 13.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $22.8M | $343.7M | $13.2M | |
| Restricted cash and cash equivalents | $477.9M | $501.3M | $457.7M | |
| Debt Securities, Available-for-sale, Restricted | $106.2M | $106.4M | ||
| Loans receivable | $11.5B | $11.3B | ||
| Allowance for credit losses | -$3.6B | -$3.4B | ||
| Loans receivable, net | $7.9B | $7.9B | $7.0B | $6.3B |
| Property and equipment, net | $12.6M | $14.7M | ||
| Income taxes receivable | $67.2M | $4.2M | ||
| Other assets | $35.8M | $34.0M | ||
| Total Assets | $8.6B | $8.9B | ||
| Accounts payable and accrued liabilities | $400.2M | $315.8M | ||
| Revolving secured line of credit | $107.3M | $100.0K | ||
| Secured financing | $5.2B | $5.4B | ||
| Senior notes | $1.1B | $991.3M | ||
| Deferred income taxes, net | $354.0M | $319.1M | ||
| Income taxes payable | $0 | $117.2M | ||
| Total Liabilities | $7.1B | $7.1B | ||
| Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued | $0 | $0 | ||
| Common stock, $.01 par value, 80,000,000 shares authorized, 10,680,143 and 12,048,151 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $100.0K | $100.0K | ||
| Paid-in capital | $403.3M | $335.1M | ||
| Retained earnings | $1.1B | $1.4B | ||
| Accumulated other comprehensive loss | $1.0M | -$300.0K | ||
| Total Shareholders' Equity | $1.5B | $1.7B | $1.8B | $1.6B |
| Total Liabilities and Shareholders' Equity | $8.6B | $8.9B | ||
| Preferred stock, par value | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Common stock, par value | $0.01 | $0.01 | ||
| Common stock, shares authorized | 80.0M shares | 80.0M shares | ||
| Common stock, shares issued | 10.7M shares | 12.0M shares | ||
| Common stock, shares outstanding | 10.7M shares | 12.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $22.8M | $343.7M | $13.2M | |
| Restricted cash and cash equivalents | $477.9M | $501.3M | $457.7M | |
| Debt Securities, Available-for-sale, Restricted | $106.2M | $106.4M | ||
| Loans receivable | $11.5B | $11.3B | ||
| Allowance for credit losses | -$3.6B | -$3.4B | ||
| Loans receivable, net | $7.9B | $7.9B | $7.0B | $6.3B |
| Property and equipment, net | $12.6M | $14.7M | ||
| Income taxes receivable | $67.2M | $4.2M | ||
| Other assets | $35.8M | $34.0M | ||
| Total Assets | $8.6B | $8.9B | ||
| Accounts payable and accrued liabilities | $400.2M | $315.8M | ||
| Revolving secured line of credit | $107.3M | $100.0K | ||
| Secured financing | $5.2B | $5.4B | ||
| Senior notes | $1.1B | $991.3M | ||
| Deferred income taxes, net | $354.0M | $319.1M | ||
| Income taxes payable | $0 | $117.2M | ||
| Total Liabilities | $7.1B | $7.1B | ||
| Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued | $0 | $0 | ||
| Common stock, $.01 par value, 80,000,000 shares authorized, 10,680,143 and 12,048,151 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $100.0K | $100.0K | ||
| Paid-in capital | $403.3M | $335.1M | ||
| Retained earnings | $1.1B | $1.4B | ||
| Accumulated other comprehensive loss | $1.0M | -$300.0K | ||
| Total Shareholders' Equity | $1.5B | $1.7B | $1.8B | $1.6B |
| Total Liabilities and Shareholders' Equity | $8.6B | $8.9B | ||
| Preferred stock, par value | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Common stock, par value | $0.01 | $0.01 | ||
| Common stock, shares authorized | 80.0M shares | 80.0M shares | ||
| Common stock, shares issued | 10.7M shares | 12.0M shares | ||
| Common stock, shares outstanding | 10.7M shares | 12.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $423.9M | $247.9M | $286.1M |
| Provision for credit losses | $616.1M | $814.7M | $736.2M |
| Depreciation | $3.6M | $6.7M | $8.9M |
| Amortization | $23.0M | $21.1M | $17.7M |
| Increase (Decrease) in Deferred Income Taxes | $34.6M | -$70.4M | -$38.0M |
| Stock-based compensation | $50.7M | $45.0M | $39.1M |
| Loss on extinguishment of debt | $1.2M | $0 | $1.8M |
| Loss on sale of building | $0 | $23.7M | $0 |
| Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item | -$200.0K | $800.0K | $600.0K |
| Increase in accounts payable and accrued liabilities | $82.9M | $6.8M | $49.7M |
| Increase in income taxes receivable | -$63.0M | $100.0K | $4.4M |
| Increase (decrease) in income taxes payable | -$117.2M | $36.2M | $78.5M |
| Increase in other assets | -$1.0M | $5.3M | $18.8M |
| Net cash provided by operating activities | $1.1B | $1.1B | $1.2B |
| Purchases of restricted securities available for sale | -$43.3M | -$59.0M | -$43.3M |
| Proceeds from Sale of Debt Securities, Available-for-sale | $33.4M | $36.9M | $15.8M |
| Maturities of restricted securities available for sale | $12.2M | $9.3M | $8.5M |
| Principal collected on Loans receivable | $3.4B | $3.2B | $3.0B |
| Advances to Dealers | -$2.8B | -$3.6B | -$2.9B |
| Purchases of Consumer Loans | -$1.1B | -$1.0B | -$1.2B |
| Accelerated payments of Dealer Holdback | -$50.7M | -$59.0M | -$46.9M |
| Payments of Dealer Holdback | -$180.1M | -$241.2M | -$235.9M |
| Purchases of property and equipment | -$1.6M | -$1.8M | -$4.0M |
| Proceeds from Sale of Buildings | $0 | $3.2M | $0 |
| Net cash used in investing activities | -$674.3M | -$1.7B | -$1.4B |
| Borrowings under revolving secured line of credit | $2.1B | $6.1B | $7.4B |
| Repayments under revolving secured line of credit | -$2.0B | -$6.2B | -$7.4B |
| Proceeds from secured financing | $1.4B | $3.6B | $2.8B |
| Repayments of secured financing | -$1.6B | -$2.2B | -$2.5B |
| Proceeds from issuance of senior notes | $500.0M | $0 | $600.0M |
| Repayments of senior notes | -$400.0M | $0 | -$400.0M |
| Payments of debt issuance costs and debt issuance costs | -$19.8M | -$21.7M | -$33.3M |
| Repurchase of common stock | -$725.4M | -$313.3M | -$202.6M |
| Proceeds from Issuance of Common Stock | $23.5M | $15.6M | $5.2M |
| Other financing activities | $1.0M | -$17.0M | $6.4M |
| Net cash provided by financing activities | -$724.6M | $957.3M | $266.2M |
| Net increase in cash and cash equivalents and restricted cash and cash equivalents | -$344.3M | $374.1M | $53.2M |
| Cash paid during the period for interest | $438.4M | $393.4M | $242.1M |
| Cash paid during the period for income taxes | $279.3M | $103.7M | $31.9M |
No quarter-by-quarter statement was filed.
Credit Acceptance sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Credit Acceptance
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What Credit Acceptance reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land and buildings | $2.7M8 Dec 31, 2025 | $2.7M8 Dec 31, 2024 | 0% |
| Buildings and improvements | $17.8M8 Dec 31, 2025 | $17.6M8 Dec 31, 2024 | +1.1% |
| Furniture and fixtures | $2.1M8 Dec 31, 2025 | $2.2M8 Dec 31, 2024 | −4.5% |
| Property and equipment, before depreciation | $66.4M8 Dec 31, 2025 | $66.6M8 Dec 31, 2024 | −0.3% |
| Accumulated depreciation | $53.8M8 Dec 31, 2025 | $51.9M8 Dec 31, 2024 | +3.7% |
| Property and equipment, net | $12.6M8 Dec 31, 2025 | $14.7M8 Dec 31, 2024 | −14.3% |
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $22.8M8 Dec 31, 2025 | $343.7M8 Dec 31, 2024 | −93.4% |
Our headquarters is located in Southfield, Michigan, in an office building we purchased in 1993, which includes approximately 136,000 square feet of space. To take advantage of the national talent pool and to maximize team member satisfaction, we utilize a “remote first” strategy. While remote work has become the primary experience for most of our team members, some team members, due to the nature of their responsibilities, continue to work primarily on site at our headquarters. Additionally, we have various on-site meetings, events, and team building activities for which in-person attendance is encouraged. Therefore, we continue to have a need for office space.
Item 2 of the 10-K filed Feb 13, 2026.16
Founded by Donald Foss in 1972.1
In 1972, Credit Acceptance Corporation was founded by Donald Foss, one of the largest used car dealers in the world at that time.
In 1992, Credit Acceptance Corporation completed its initial public offering on the Nasdaq exchange, where it trades under the symbol "CACC."
From Wikipedia’s article on Credit Acceptance, shared under CC BY-SA 4.0.6
Who has led Credit Acceptance, and when. Pick a name to see everywhere that person has worked.
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
On December 12, 2019 NPR aired a segment of Morning Edition called "The Big Business Of Subprime Auto Loans", by Anjali Kamat, which described "the murky world of subprime auto finance," and called it "eerily similar to the subprime mortgage lending that touched off the last financial crisis." Aaron Greenspan, a short-seller and transparency expert who published a detailed report about the company, said: "It's a very strange set of circumstances where, like, high finance has been married with this kind of seedy underbelly of the auto industry."
Credit Acceptance has been investigated by the Department of Justice and the Federal Trade Commission for questionable practices related to subprime lending. Credit Acceptance repossesses 35 percent of the cars it finances.
The company has also been criticized for its opaque accounting. According to an article by Aaron Back for the Wall Street Journal, "The problem is that the company’s unique accounting practices make it difficult to see how its loans are really doing. Credit Acceptance uses a form of 'level yield accounting' that is normally applied to purchases of already impaired loans. This means Credit Acceptance doesn’t disclose what portion of loans are delinquent or have defaulted."
From Wikipedia’s article on Credit Acceptance, shared under CC BY-SA 4.0.6
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
545 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 102 major events, 204 insider forms, 32 large holders, 187 other. The latest 20:
The 545 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
165 open-market trades by officers, directors and large owners since October 2021: 1 buys and 164 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 16, 2026 | Watson Jill Foss10% owner | Sale | 1,436 | $640.52 | $919.8K | Form 4 |
| Jul 2, 2026 | Watson Jill Foss10% owner | Sale | 11,000 | $653.24 | $7.2M | Form 4 |
| Jun 26, 2026 | Elliott Nicholas JChief Transformation Officer | Sale | 2,306 | $629.99 | $1.5M | Form 4 |
| Jun 26, 2026 | KERBER ERIN JChief Legal Officer | Sale | 5,720 | $629.80 | $3.6M | Form 4 |
| Jun 25, 2026 | Elliott Nicholas JChief Transformation Officer | Sale | 1,183 | $627.01 | $741.8K | Form 4 |
| Jun 25, 2026 | KERBER ERIN JChief Legal Officer | Sale | 2,937 | $627.19 | $1.8M | Form 4 |
| Jun 24, 2026 | LUM JONATHANChief Operating Officer | Sale | 6,000 | $600.00 | $3.6M | Form 4 |
| Jun 24, 2026 | Martin Jay DChief Financial Officer | Sale | 3,000 | $601.04 | $1.8M | Form 4 |
| Jun 24, 2026 | Elliott Nicholas JChief Transformation Officer | Sale | 3,487 | $601.01 | $2.1M | Form 4 |
| Jun 24, 2026 | KERBER ERIN JChief Legal Officer | Sale | 8,656 | $600.94 | $5.2M | Form 4 |
| Jun 17, 2026 | Elliott Nicholas JChief Transformation Officer | Sale | 3 | $577.85 | $1.7K | Form 4 |
| Jun 17, 2026 | KERBER ERIN JChief Legal Officer | Sale | 2 | $578.82 | $1.2K | Form 4 |
| Jun 17, 2026 | Martin Jay DChief Financial Officer | Sale | 2 | $578.42 | $1.2K | Form 4 |
| Jun 16, 2026 | Elliott Nicholas JChief Transformation Officer | Sale | 36 | $577.95 | $20.8K | Form 4 |
| Jun 16, 2026 | KERBER ERIN JChief Legal Officer | Sale | 27 | $577.95 | $15.6K | Form 4 |
| Jun 16, 2026 | Martin Jay DChief Financial Officer | Sale | 25 | $577.99 | $14.4K | Form 4 |
| Jun 15, 2026 | Elliott Nicholas JChief Transformation Officer | Sale | 16 | $575.07 | $9.2K | Form 4 |
| Jun 15, 2026 | KERBER ERIN JChief Legal Officer | Sale | 27 | $575.19 | $15.5K | Form 4 |
| Jun 15, 2026 | Martin Jay DChief Financial Officer | Sale | 22 | $575.16 | $12.7K | Form 4 |
| Jun 9, 2026 | Elliott Nicholas JChief Transformation Officer | Sale | 32 | $575.73 | $18.4K | Form 4 |
All 165 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Vinayak R. Hegde | $147.7K | $62.6M82 | |
| 2025 | Kenneth S. Booth | $1.0M | $27.4M82 | |
| 2025 | Douglas W. Busk | $514.2K | $3.4M82 | |
| 2025 | Ravi Mohan | $733.6K | $1.8M82 | |
| 2025 | Daniel A. Ulatowski | $762.3K | $780.9K82 | |
| 2025 | Arthur L. Smith | $762.3K | $780.7K82 | |
| 2025 | Jay D. Martin | $605.1K | $623.5K82 | |
| 2024 | Former Chief Sales Officer | $700.0K | $14.4M82 | |
| 2024 | Former Chief Analytics Officer | $700.0K | $14.4M82 | |
| 2024 | Chief Financial Officer | $515.4K | $11.7M82 | |
| 2024 | Former ChiefExecutive Officer and | $1.0M | $1.0M82 | |
| 2024 | Former Chief Treasury Officer | $640.0K | $658.4K82 | |
| 2023 | President | $1.0M | $1.0M82 | |
| 2023 | Former Chief Analytics Officer | $700.0K | $717.8K82 | |
| 2023 | Former Chief Sales Officer | $700.0K | $717.8K82 | |
| 2023 | Former Chief Treasury Officer | $640.0K | $657.8K82 |
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Prescott General Partners LLC | 1,436,951 | $915.0M | 46.8% | No change |
| BlackRock, Inc. | 642,097 | $408.8M | 0.0% | +410,464 |
| Boston Partners | 573,616 | $365.1M | 0.3% | +13,408 |
| Gobi Capital LLC | 358,067 | $228.0M | 11.6% | No change |
| Beck Mack & Oliver LLC | 305,983 | $194.8M | 3.8% | −3,001 |
| Wellington Management Group Llp | 260,084 | $165.6M | 0.0% | +1,186 |
| Dimensional Fund Advisors LP | 237,444 | $151.2M | 0.0% | +6,729 |
| Vanguard Portfolio Management LLC | 225,244 | $143.4M | 0.0% | +52,857 |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 213,684 | $136.1M | 0.2% | −17,647 |
| Vanguard Capital Management LLC | 208,412 | $132.7M | 0.0% | −4,619 |
| Smead Capital Management, Inc. | 198,808 | $126.6M | 2.7% | −11,662 |
| State Street Corp | 176,917 | $112.7M | 0.0% | +82,655 |
| Goldman Sachs Group Inc | 169,014 | $107.6M | 0.0% | +106,740 |
| Fmr LLC | 162,447 | $103.4M | 0.0% | +58,190 |
| UBS Group AG | 153,563 | $97.8M | 0.0% | +90,994 |
| Axxion S.A. | 140,739 | $89.6M | 6.5% | New |
| American Century Companies Inc | 119,230 | $75.9M | 0.0% | +27,494 |
| RV Capital AG | 108,272 | $68.9M | 18.0% | −15,888 |
| Goodnow Investment Group, LLC | 106,131 | $67.6M | 7.0% | −10,240 |
| Northern Trust Corp | 103,975 | $66.2M | 0.0% | +15,071 |
| Geode Capital Management, LLC | 98,920 | $63.0M | 0.0% | −3,586 |
| Charles Schwab Investment Management Inc | 91,568 | $58.3M | 0.0% | +653 |
| Alfreton Capital LLP | 90,000 | $57.3M | 14.4% | −25,000 |
| Morgan Stanley | 87,613 | $55.8M | 0.0% | +11,189 |
| Smith Thomas W | 83,123 | $52.9M | 47.0% | −11,775 |
13F reports cover disclosed long positions in U.S. stocks only.
How Credit Acceptance is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
DEF 14A (29), SC 13D/A (29), 10-K (26), 11-K (24), UPLOAD (24), SC 13G (21), DEFA14A (20), 4/A (17), ARS (16), CORRESP (16), SC TO-I (10), S-8 (8), SC 13D (8), 5 (7), 8-K/A (7), SCHEDULE 13G/A (6), SCHEDULE 13D/A (5), 10-K405 (4), NT 10-Q (4), 3/A (3), 424B3 (2), NT 11-K (2), S-3 (2), SC TO-C (2), SCHEDULE 13G (2), 10-K/A (1), DEFR14A (1), NT 10-K (1), POS AM (1), PRE 14A (1), S-3ASR (1)
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $.01 par value | CACC | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Feb 13, 2026 (Section 12(b) of the Exchange Act).16
The risks Credit Acceptance names in Item 1A of its 10-K filed Feb 13, 2026: 31 risks under these headings, as written.16
In the normal course of business and as a result of the consumer-oriented nature of the industry in which we operate, we and other industry participants are frequently subject to various consumer claims, litigation, and regulatory investigations seeking damages, fines, and statutory penalties. The claims allege, among other theories of liability, violations of state, federal, and foreign truth-in-lending, credit availability, credit reporting, consumer protection, warranty, debt collection, insurance, and other consumer-oriented laws and regulations, including claims seeking damages under the Telephone Consumer Protection Act (“TCPA”), for alleged physical and mental harm relating to the repossession and sale of consumers’ vehicles and other debt collection activities. As the assignee of Consumer Loans originated by Dealers, we may also be named as a co-defendant in lawsuits filed by consumers principally against Dealers. We may also have disputes and litigation with Dealers. The claims may allege, among other theories of liability, that we breached the Dealer servicing agreement. We may also have disputes and litigation with vendors and other third parties. The claims may allege, among other theories of liability, that we breached a license agreement or contract. The damages, fines, and penalties that may be claimed by consumers, regulatory agencies, Dealers, vendors, or other third parties in these types of matters can be substantial. The relief requested by plaintiffs varies but may include requests for compensatory, statutory, and punitive damages and injunctive relief, and plaintiffs may seek treatment as purported class actions or they may file individual arbitration demands for which arbitration providers may request separate filing fees.
The opening of Item 3, Legal Proceedings.16
The numbers on this page point here. Each one links to the record it came from.
