EX-99.1

Silver Triangle Building
25505 West Twelve Mile Road, Suite 3000
Southfield, MI 48034-8339
(248) 353-2700
www.creditacceptance.com

Investor Relations: Douglas W. Busk
Treasurer
(248) 353-2700 Ext. 4432
IR@creditacceptance.com

CREDIT ACCEPTANCE ANNOUNCES OPERATING RESULTS FOR THE FIRST TWO MONTHS OF 2006

Southfield, Michigan – March 10, 2006 – Credit Acceptance Corporation (Pink Sheets: CACC) (the “Company”) announced certain operating results for the first two months of 2006. The operational data set forth in this press release is for informational purposes to be used by investors in making decisions about whether to tender shares in the Company’s previously announced modified Dutch auction tender offer. Results for the two months ended February 28, 2006 compared to the same two months in 2005 include the following:

The number of active dealer-partners is a function of new dealer-partner enrollments and attrition. Active dealer-partners are dealer-partners who submit at least one loan during the period. The following table summarizes active dealer-partners and corresponding unit volume for the two months ended February 28, 2006:


	Two Months Ended February 28, 2006								Two Months Ended February 28, 2005
	Dealer-Partners			Unit Volume			Average		Dealer-Partners			Unit Volume			Average
Production from two months ended December 31 of the prior year		1,256			11,963			9.5		978			10,611			10.8
Attrition (1)		(131	)		(326	)		2.5		(74	)		(142	)		1.9
Volume change from dealer-partners active in both periods		n/a			6,412			n/a		n/a			5,922			n/a

Current period volume from dealer-partners active both periods		1,125			18,049			16.0		904			16,391			18.1
New dealer-partners (2)		150			1,004			6.7		87			723			8.3
Restarts (3)		114			381			3.3		47			232			4.9

Current period production		1,389			19,434			14.0		1,038			17,346			16.7

(1)

Dealer-partner attrition is measured according to the following formula: dealer-partners active during the prior period who become inactive in the current period.

(2)

Excludes new dealer-partners that have enrolled in the Company’s program, but have not submitted at least one loan during the period.

(3)

Restarts are previously active dealer-partners that were inactive during the prior period who became active during the current period.

The following table compares the Company’s forecast of Consumer Loan collection rates for loans accepted by year in the United States as of February 28, 2006 with the forecast as of December 31, 2005:


	February 28, 2006			December 31, 2005
Loan Origination Year	Forecasted Collection %			Forecasted Collection %			Variance
1995		54.9	%		54.9	%		0.0	%

1996		55.0	%		55.0	%		0.0	%

1997		58.3	%		58.3	%		0.0	%

1998		67.6	%		67.7	%		(0.1	%)

1999		72.7	%		72.7	%		0.0	%

2000		73.2	%		73.2	%		0.0	%

2001		67.4	%		67.2	%		0.2	%

2002		70.4	%		70.3	%		0.1	%

2003		74.3	%		74.0	%		0.3	%

2004		73.4	%		72.9	%		0.5	%

2005		74.9	%		73.6	%		1.3	%

During the two months ended February 28, 2006, collection rates were generally consistent with the Company’s expectations.

Certain statements in this release that are not historical facts, such as those using terms like “believes,” “expects,” “anticipates,” “assumes,” “forecasts,” “estimates” and those regarding the Company’s future results, plans and objectives, are “forward-looking statements” within the meaning of the federal securities laws. These forward-looking statements represent the Company’s outlook only as of the date of this release. While the Company believes that its forward-looking statements are reasonable, actual results could differ materially since the statements are based on current expectations, which are subject to risks and uncertainties. Factors that might cause such a difference include the following:

•

the Company’s potential inability to accurately forecast and estimate the amount and timing of future collections,

•

increased competition from traditional financing sources and from non-traditional lenders,

•

the Company’s potential inability to continue to obtain third party financing on favorable terms,

•

the Company’s potential inability to generate sufficient cash flow to service its debt and fund its future operations,

•

adverse changes in the automobile or finance industries or in the non-prime consumer finance market,

•

the Company’s potential inability to maintain or increase the volume of automobile loans,

•

the loss of key management personnel or the inability to hire qualified personnel,

•

the effect of natural disasters, terrorist attacks and other potential disasters or attacks; and

•

various other factors discussed in the Company’s reports filed with the Securities and Exchange Commission.

Other factors not currently anticipated by management may also materially and adversely affect the Company’s results of operations. The Company does not undertake, and expressly disclaims any obligation, to update or alter its statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Since 1972, Credit Acceptance has provided auto loans to consumers, regardless of their credit history. Our product is offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our product, but who actually end up qualifying for traditional financing.

Without our product, consumers may be unable to purchase a vehicle or they may purchase an unreliable one, or they may not have the opportunity to improve their credit standing. As we report to the three national credit reporting agencies, a significant number of our customers improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Pink Sheets under the symbol CACC. For more information, visit www.creditacceptance.com.