• Ally Financial average gross margin for 2023 was 62.9%, a 22.84% decline from 2022.
• Ally Financial average gross margin for 2022 was 81.52%, a 4.23% decline from 2021.
• Ally Financial average gross margin for 2021 was 78.21%, a 18.02% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.