Can you make good money 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.
Do car salesmen make a base salary?
How does a car salesperson earn money? A car salesperson is likely to work with a car dealership and receive a relatively low starting salary. To compensate for this low base wage, they earn the majority of their money from sales commissions, which is when a salesperson gets paid a percentage of the total sale price.
How much do car salesmen really make?
Let’s take a little closer look at these numbers about how much do car salesmen make. If we break this down a little further the bottom 10% of car salesmen ( car saleswomen included) are earning about $18,000 a year and the top 10% are earning about $75,000 a year or more.
What is the minimum pay for car salesman?
While ZipRecruiter is seeing annual salaries as high as $91,000 and as low as $19,500, the majority of Car Salesman salaries currently range between $23,000 (25th percentile) to $55,000 (75th percentile) with top earners (90th percentile) making $79,500 annually across the United States.
How much Commission does a car salesman get paid?
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.
What are the benefits of being a car salesman?
The benefits of being a car salesman include being able to see new products, enjoying the excitement of making deals and establishing relationships with customers.