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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 2023-2
(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 May 5, 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 May 5, 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: May 05, 2023



Document
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 2023-2 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 March 31, 2023 (the “Subject Matter”) related to Credit Acceptance Auto Loan Trust 2023-2’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 April 12, 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 March 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
May 5, 2023



























Exhibit A

SampleLoan NumberSampleLoan NumberSampleLoan Number
1XXXX333935XXXXX850269XXXXX3637
2XXXX117536XXXXX231270XXXXX0880
3XXXX180637XXXXX812071XXXXX5426
4XXXX423938XXXXX292272XXXXX3785
5XXXX106639XXXXX667673XXXXX3843
6XXXX600540XXXXX321674XXXXX3856
7XXXX776241XXXXX971475XXXXX4851
8XXXX506942XXXXX819476XXXXX2993
9XXXXX371443XXXXX892277XXXXX2549
10XXXXX831244XXXXX789378XXXXX3150
11XXXXX929945XXXXX938079XXXXX7134
12XXXXX433246XXXXX955880XXXXX6776
13XXXXX600947XXXXX066181XXXXX7791
14XXXXX774148XXXXX089782XXXXX6957
15XXXXX240549XXXXX372383XXXXX7653
16XXXXX813550XXXXX928784XXXXX9486
17XXXXX408051XXXXX028885XXXXX7993
18XXXXX660652XXXXX847586XXXXX0447
19XXXXX678853XXXXX695087XXXXX8250
20XXXXX437054XXXXX989288XXXXX5998
21XXXXX482055XXXXX748389XXXXX5407
22XXXXX581856XXXXX160490XXXXX2195
23XXXXX640857XXXXX382491XXXXX8599
24XXXXX162858XXXXX904192XXXXX5164
25XXXXX380659XXXXX889293XXXXX2899
26XXXXX966660XXXXX092994XXXXX5342
27XXXXX796861XXXXX535395XXXXX9956
28XXXXX693762XXXXX175696XXXXX9686
29XXXXX370863XXXXX633197XXXXX5747
30XXXXX518864XXXXX726898XXXXX8909
31XXXXX894465XXXXX274199XXXXX8866
32XXXXX759166XXXXX4004100XXXXX3863
33XXXXX476767XXXXX3419  
34XXXXX223068XXXXX1814