• Ford Motor average gross margin for 2023 was 15.02%, a 1.12% decline from 2022.
• Ford Motor average gross margin for 2022 was 15.19%, a 3.97% decline from 2021.
• Ford Motor average gross margin for 2021 was 14.61%, a 22.57% 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.