Do car salesmen make a lot of money?

Do car salesmen make a lot of money?

The short answer is that most car salespeople don't earn a whole hell of a lot of money. Dealership salespeople average about 10 car sales per month, and earn an average of about $40k per year. … New vehicle sales rarely pay $300+ commissions, while used cars can sometimes pay $1,000 commissions.

How many hours does a car salesman work?

Throughout the week, car salespeople will work on average of about 40 hours per week with the opportunity for overtime. Most of this time is spent indoors at the office, but car sales people do need to show cars to customers on the lot and may take the vehicles for short test drives if necessary.

Do car salesmen get hourly pay?

Most dealerships pay salesmen a paltry base salary of roughly minimum wage. Salesmen then typically earn commissions of 25% of the dealership's gross profit on the car. … The commission can put an extra $300 to $400 in a salesman's pocket per car sold, and the average salesman sells ten cars per month.

How many days a week do car salesmen work?

Dealerships want to remain active when most customers are active, so it is rare to see a dealership open much later than 6 pm. Throughout the week, car salespeople will work on average of about 40 hours per week with the opportunity for overtime.

Is it hard to become a car salesman?

A professional car salesman can make a six figure car salesman salary which can make the cons go away or at least become less important. Being a car salesman can be a very rewarding and lucrative career, but it's not easy.

Do car salesmen have monthly quotas?

The car dealerships themselves also have monthly quotas to hit. "If they meet or exceed their targets, the manufacturer may allocate more vehicles to that dealership," notes Royce. "That gives that dealership a larger inventory and more vehicle choices for their customers.

Do car salesmen get health benefits?

Benefits like health insurance and time off are commonplace for car salesman no matter what dealership you choose. … Car sales people get paid a commission for what they sell and so their pay may fluctuate week to week. However if your irregular paycheck was always more than a steady paycheck which would you prefer.

Is being a car salesman stressful?

Commission-based sales jobs can be extremely stressful, particularly in a downturned economy. … You're not always in control of that aspect, but there are ways to retain customers, earn referrals and reduce the stress that can build up as you try to sell cars.

Do car salesmen get to take cars home?

The day of free demo's are over in California. The only people who get to drive a car are the Dealer Principal and the used car manager. … Employee's that drive cars home create a sales/use tax liability, the dealership is paying the sales/use tax on the vehicle and have to provide mileage logs.

How do car salesmen work?

A car salesman is responsible for showing and selling automobiles to people who visit a car dealership. They work for automobile dealerships that specialize in specific brands and models of cars and will use their persuasive skills to sell.

What is the average commission for a car salesman?

Most car salespeople make a 25-percent commission on gross profit minus a small "pack fee." This fee is typically around a few hundred dollars. All in all, the typical car salesman pay usually adds up to about $250 or $300 per car. Some dealerships have a minimum commission of around $125 per car.

Do car salesmen get deals on cars?

The short answer to your question is that almost all dealerships have some kind of deal for, not only their salesman but all their employees. There is almost always some kind of restriction to prevent the employee from selling the car and getting the same deal on another.

What qualifications do you need to be a car salesman?

While the minimum educational requirement for a car salesperson is a GED or a high school diploma, an associate's or bachelor's degree in business or communications can be beneficial. Training programs in automobile repair are available and can be useful as well.