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- The outcome for the salesperson is not quite as satisfactory. Since there was no profit on the sale itself, there is no 5-percent commission either. Instead, the salesperson gets a “mini,” which in auto-dealer parlance is a flat minimum amount on the sale. On this $24,000 sale, the mini might be no more than $125. - Source: Internet
- 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. Two factors account for this: sales that generate only mini commissions and the added cost of the dealer pack. - Source: Internet
- Contrary to popular belief, the average car salesman salary is just that – average. According to the Bureau of Labor Statistics, car salespeople make around $46,990 per year, and none of that money comes easily. Most car seller’s pay comes from commission, so there may be days where a salesperson works a full shift and makes no income. It all depends on their skill as a salesperson. - Source: Internet
- Are you interested in making a career in Car sales then we’ve got all the details for you about Car sales commission, salary, education requirements for becoming a car salesman and job profile. The commission on new car sales varies based on the car brand, car dealership and location but the usual commission for a car salesman is between 20-to-30 percent of the profit. 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. - Source: Internet
- However, almost all dealership set a minimum commission for a car salesman which ranges from $75 – $100 per car sales. Car sales commission also varies from one sales person to another. An experienced car salesman selling over 20 car a month will make $6000 – $8000 per month while a salesman struggling to sell less than an average of 10 cars a month will make a lot less. - Source: Internet
- Suppose, for example, that the dealer’s invoice cost on the vehicle is $25,400. The average markup on a new car sale is surprisingly thin, only about 5 percent on a lower-cost vehicle and 10 percent on a luxury car. The 5 percent profit on that $25,400 car equals $1,270. The sales commission, which is 25 percent of the net profit would be $317.50. - Source: Internet
- But, there is a catch. Say the car in question is a 2016 model and in early 2018, the dealer’s job is to get that car sold and off the lot before its value declines any further. The dealer may decide that the target price for the car is not the invoice amount of $25,400 plus the 5-percent commission or $26,670. It is instead listed at $24,000 or $1,400 under the invoice cost and calculated to get the car off the lot quickly. - Source: Internet
- 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. - Source: Internet
- A car saleswoman’s commission varies among departments. 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. - Source: Internet
- One has to remember that a car salesman at new car dealership will work primarily on commission basis, receiving 20-to-30 percent of gross profits, with 25 percent being common at most dealerships. However, it’s a bit complicated to figure out how car salesmen are paid and how much commission is paid to them because it can vary from one dealership to another. For example, most new car sales have two stages, the sale itself and the financing of the sale, and the salesperson’s commission is based on only the sale. - Source: Internet
- But if you look at the positive side, a car salesperson could make more money from bonuses. Almost, all dealership offer bonuses for selling a certain number of cars exceeding a set quota each month, or for selling add-ons like rust-protection and undercoating. Every dealer loves add-ons because the markups on add-ons are higher than for the car itself. A good car salesperson might end up with as much money in their pocket from selling add-ons as from the commission on the car sales. - Source: Internet
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