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Credit Acceptance Reports Q4 Financial Results
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Credit Acceptance Corporation reported a consolidated net income of $93.6 million for the fourth quarter of 2023, compared to $127.3 million in 2022. The company also provided financial results and consumer loan metrics, highlighting their ability to profit despite forecasted loan performance.
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How does Credit Acceptance Corporation's financial performance reflect the overall health of the consumer loan market?
How might Credit Acceptance Corporation's ability to profit despite forecasted loan performance impact the broader financial industry?
What strategies could Credit Acceptance Corporation employ to mitigate the impact of changes in forecasting methodology on net cash flows?
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