This is largely due to the additional “noise” this year, according to the chief treasurer of Credit Acceptance Doug Busk.
The campaign was “tighter (compared) compared to January last year because of federal stimulus dollars,” Busk said in a revenue report Monday. transcript.
“You know, comparing the rest of the quarter was a little tricky. February is very good. But I think there are differences in timing and tax season, and then in March we had another tough game because of the dollars last year,” Busk said. analysts, saying it expects an upward trajectory early in the new quarter.
“There’s a bit of noise in the quarter … so I think the April data point is relevant.”