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Can you make a lot as a car salesman?
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 much do car sellers make a year?
How Much Do Car Salesman Jobs Pay per Month?
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $79,500 | $6,625 |
| 75th Percentile | $55,000 | $4,583 |
| Average | $40,935 | $3,411 |
| 25th Percentile | $23,000 | $1,916 |
How much does the highest paid car salesman make?
Top producers (of which there are very few), who are capable of selling between 25 to 50 cars a month will generally find themselves earning $150,000 to upwards of $500,000 or more annually.
Can a car salesman make six figures?
Theoretically, the sky’s the limit. If you can sell 20 or 25 cars a month, and “hold gross” (make a big profit) on each of them, you can make more than six figures annually. Most salespeople do not sell 25 cars per month, and holding gross on a new cars is virtually impossible these days.
How much do BMW sales reps make?
Average BMW Group Sales Representative yearly pay in the United States is approximately $57,046, which is 9\% below the national average. Salary information comes from 11 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
Are car sales hard?
While selling cars isn’t as labor intensive as it used to be, pursuing a car sales career may still come with long hours and challenging responsibilities. Most car salespeople work an average of 40 hours a week with a lot of potential for overtime.
Is selling cars a fun job?
Is car sales a good job to be in? On the other hand, being a car salesman can also mean an enjoyable working environment, good money, and enjoyable lifestyle, and the opportunity to run and drive some pretty sweet cars.
How much money do car salesmen make?
The profit amount also varies from one dealership to another. The bottom-line is that the car salespeople don’t earn a whole hell of a lot of money. A car salesman at a dealership average about 10 car sales per month, and earn an average of about $40k per year. If you do the math, that’s about $330 per car.
How to become a car salesman?
For becoming a car salesman or a woman, you don’t require any formal education or a college degree but you need to have good persuasion skills and selling skills. Many universities offer sales training courses which could help an aspiring car salesperson learn how to move more units. In this industry, the more you sell, the more you get paid.
How much Commission does a car salesman make before taxes?
The salesman’s “settle up” commission check, before taxes, would be $1,300. If the car salesman earns under the draw amount in total commissions, they will not receive a commission check. This will put a car salesman “in the hole” or “in the bucket” with the dealership.
Can you really make a six-figure income selling cars?
Yes, I said it and I meant it. You should be able to earn a six-figure car salesman income selling cars. No, I am not talking about selling Lexus or Mercedes Benz or any other high-line car.