• Credit Acceptance average ebitda margin for 2023 was 40.76%, a 37.02% decline from 2022.
• Credit Acceptance average ebitda margin for 2022 was 64.72%, a 15.07% decline from 2021.
• Credit Acceptance average ebitda margin for 2021 was 76.2%, a 53.91% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.