• BMW average gross margin for 2023 was 18.65%, a 2.75% decline from 2022.
• BMW average gross margin for 2022 was 18.15%, a 1.51% increase from 2021.
• BMW average gross margin for 2021 was 17.88%, a 21.72% 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.