UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): AUGUST 5, 2003



                          CREDIT ACCEPTANCE CORPORATION
             (Exact Name of Registrant as Specified in its Charter)


                        Commission File Number 000-20202

            MICHIGAN                                        38-1999511
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)


25505 W. TWELVE MILE ROAD, SUITE 3000                      48034-8339
       SOUTHFIELD, MICHIGAN                                (Zip Code)
(Address of Principal Executive Offices)

       Registrant's telephone number, including area code: (248) 353-2700








ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

         (c) Exhibits.

                  99.1     Press Release dated August 5, 2003

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

         On August 5, 2003, Credit Acceptance Corporation (the "Company"),
issued a press release announcing its financial results for the three and six
months ended June 30, 2003. The press release, dated August 5, 2003, is attached
as Exhibit 99.1 to this Form 8-K.

         The financial information included in the press release includes a
presentation of net income excluding certain expenses, in addition to the
presentation of the Company's reported net income. The Company believes this
information is helpful to investors in measuring the performance of the
business, in that excluding the impact of items that are deemed unlikely to
recur more accurately reflects the financial performance of the business.



                                   SIGNATURES

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

                                   CREDIT ACCEPTANCE CORPORATION
                                   (Registrant)

                                   By: /s/ Douglas W. Busk
                                   ----------------------------------------
                                   Douglas W. Busk
                                   Chief Financial Officer and Treasurer
                                   August 7, 2003







                                INDEX OF EXHIBITS

EXHIBIT NO.                                 DESCRIPTION
--------------      ------------------------------------------------------------
       99.1         Press Release dated August 5, 2003.