• Lithia Motors average operating margin for 2023 was 5.88%, a 20.33% decline from 2022.
• Lithia Motors average operating margin for 2022 was 7.38%, a 12.5% decline from 2021.
• Lithia Motors average operating margin for 2021 was 6.56%, a 47.09% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.