Item 8.01 Other Events.

On June 19, 2009, Brett A. Roberts, Chief Executive Officer of Credit Acceptance Corporation (the "Company"), entered into a Rule 10b5-1 trading plan (the "Plan"). The Plan is an agreement between Mr. Roberts and a broker to sell common stock of the Company that will be acquired through the exercise of certain of Mr. Roberts' employee stock options that expire on December 31, 2009. Pursuant to the Plan, stock options with respect to a maximum of 100,000 shares of common stock of the Company may be exercised and the underlying common stock sold beginning on September 1, 2009 until the Plan expires on December 31, 2009. The Plan specifies the number of options that may be exercised and underlying shares of common stock that may be sold at predetermined times and at predetermined prices. The Plan may be cancelled as provided in the Plan.

Mr. Roberts entered into the Plan as part of his personal long-term investment strategy for asset diversification and liquidity.

Any transactions under the Plan will be reported by Mr. Roberts through Rule 144 filings and individual Form 4 filings with the Securities and Exchange Commission, as required.

The Plan is intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and the Company's insider trading policy. Rule 10b5-1 allows corporate insiders to establish prearranged written stock trading plans at a time when the insider is not aware of material, nonpublic information. Subsequent receipt by the insider of material, nonpublic information will not prevent prearranged transactions under the Rule 10b5-1 plan from being executed.

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