• Group 1 Automotive average gross margin for 2023 was 17.42%, a 6.39% decline from 2022.
• Group 1 Automotive average gross margin for 2022 was 18.61%, a 7.88% decline from 2021.
• Group 1 Automotive average gross margin for 2021 was 17.25%, a 9.04% 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.