UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM ABS-15G

ASSET-BACKED SECURITIZER
REPORT PURSUANT TO SECTION 15G OF
THE SECURITIES EXCHANGE ACT OF 1934


Check the appropriate box to indicate the filing obligation which this form is intended to satisfy:

Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period:
to

Date of Report (Date of earliest event reported):

Commission File Number of securitizer:

Central Index Key Number of securitizer:

Name and telephone number, including area code, of the person to
contact in connection with this filing

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

þ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2).

Central Index Key Number of depositor: 0000885550
Credit Acceptance Auto Loan Trust 2023-5
(Exact name of issuing entity as specified in its charter)

Commission File Number of issuing entity (if applicable):
Central Index Key Number of underwriter (if applicable):
Douglas W. Busk, Chief Treasury Officer, (248) 353-2700 (ext. 4432)
Name and telephone number, including area code, of the person to
contact in connection with this filing



Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer

Attached as Exhibit 99.1 hereto is a Report of Independent Certified Public Accountants, dated December 1, 2023, of Grant Thornton LLP, which report sets forth the findings and conclusions, as applicable, of Grant Thornton LLP with respect to certain agreed-upon procedures performed by Grant Thornton LLP.





























EXHIBIT INDEX

Exhibit No.
Description
Report of Independent Certified Public Accountants, dated December 1, 2023, of Grant Thornton LLP.




SIGNATURE



Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


CREDIT ACCEPTANCE CORPORATION
(Depositor)
By:
/s/ Douglas W. Busk
Name:
Douglas W. Busk
Title:
Chief Treasury Officer

Date: December 1, 2023



Exhibit 99.1

ITEM 4 AND ITEM 5

REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

Board of Directors and Management of Credit Acceptance Corporation, Credit Acceptance Auto Loan Trust 2023-5 and Wells Fargo Securities, LLC.:
We have performed the procedures enumerated below, on certain information with respect to attributes of Credit Acceptance Corporation’s (the “Company”) vehicle loans as of October 31, 2023 (the “Subject Matter”) related to Credit Acceptance Auto Loan Trust 2023-5’s (the “Issuer”) issuance of certain classes of Notes (the “Securitization Transaction”). The Company’s management is responsible for the data file accurately representing the information included in the underlying asset documents and the disclosed assumptions and methodologies.
The Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting specified parties in evaluating the Subject Matter. This report may not be suitable for any other purpose. Additionally, the Issuer and Wells Fargo Securities, LLC (“Wells Fargo” and together with the Company and the Issuer, the “Specified Parties”) have agreed to and acknowledged that the procedures performed are appropriate for their purposes. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.
Consequently, we make no representation regarding the appropriateness of the procedures enumerated below either for the purpose for which this report has been requested or for any other purpose.
The procedures we performed on the automobile receivables and our findings are as follows.
1.On November 13, 2023, the Company provided an electronic file (the “Data File”) with information for certain vehicle loans included in the Securitization Transaction, which the Company represented was as of the close of business on October 31, 2023.
2.Grant Thornton selected one hundred vehicle loans on a random basis from the Data File. The sample of loans is listed in Exhibit A. For each of the selected loans we compared the following information, designated by Wells Fargo, to the related retail installment contract provided by the Company, and in instances where consumers changed their address subsequent to the origination of their loan, we compared the state to other Company records.

a.Loan number
b.Original amount financed
c.First payment date (scheduled)
d.Original term to maturity
e.Monthly payment
f.Interest rate
g.State
h.Compared the Vehicle Identification Number (“VIN”) on the contract to the VIN on the title document (actual title, title application, VINtek, or acceptable proof of lien, as applicable)
We defined the term “compare” as meaning we compared to the information shown in the Data File and found it to be in agreement. Such information was deemed to be in agreement if differences were attributable to rounding. The term “rounding” was defined as meaning amounts and percentages that were within $1 and 0.1%, respectively. We noted no exceptions.
We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the Subject Matter. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.



Our agreed-upon procedures engagement was not conducted for the purpose of the following:
Addressing the conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria, or other requirements
Addressing the value of collateral securing any such assets being securitized
Addressing the compliance of the originator of the assets with federal, state, and local laws and regulations
Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization
Addressing any other factor or characteristic of the assets that would be material to the likelihood that the issuer of the asset-backed security will pay interest and principal in accordance with applicable terms and conditions
Forming any conclusions
Any other terms or requirements of the transaction that do not appear in this report.
We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.
This report is intended solely for the information and use of the Specified Parties. It is not intended to be, and should not be, used by anyone other than these specified parties, including investors and rating agencies, who are not identified as specified parties but who may have access to this report as required by law or regulation.
/s/ GRANT THORNTON LLP
Southfield, Michigan
December 1, 2023
































Exhibit A

SampleLoan NumberSampleLoan NumberSampleLoan Number
1XXXXX536435XXXXX582669XXXXX7593
2XXXXX763336XXXXX728670XXXXX5344
3XXXXX703137XXXXX423571XXXXX1478
4XXXXX424838XXXXX648472XXXXX1580
5XXXXX274639XXXXX812073XXXXX9802
6XXXXX182240XXXXX784174XXXXX5541
7XXXXX260141XXXXX624875XXXXX7627
8XXXXX151242XXXXX006876XXXXX3647
9XXXXX458443XXXXX293177XXXXX3037
10XXXXX348344XXXXX822478XXXXX3921
11XXXXX157345XXXXX584379XXXXX8820
12XXXXX641946XXXXX004880XXXXX0058
13XXXXX754047XXXXX461081XXXXX4225
14XXXXX781548XXXXX143482XXXXX6845
15XXXXX544149XXXXX965383XXXXX6465
16XXXXX073850XXXXX617784XXXXX1148
17XXXXX429651XXXXX268985XXXXX1634
18XXXXX106752XXXXX963686XXXXX3988
19XXXXX719053XXXXX536087XXXXX5845
20XXXXX044454XXXXX992188XXXXX2133
21XXXXX225555XXXXX339889XXXXX8653
22XXXXX846556XXXXX740390XXXXX0175
23XXXXX566757XXXXX057391XXXXX6647
24XXXXX587358XXXXX912692XXXXX5522
25XXXXX724559XXXXX406593XXXXX6202
26XXXXX909460XXXXX778794XXXXX9593
27XXXXX751461XXXXX030495XXXXX0372
28XXXXX591562XXXXX562796XXXXX4665
29XXXXX714963XXXXX101997XXXXX0563
30XXXXX970464XXXXX879798XXXXX2618
31XXXXX466065XXXXX425199XXXXX2331
32XXXXX641666XXXXX3354100XXXXX0027
33XXXXX911167XXXXX2882  
34XXXXX978668XXXXX3433  





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