Do car salesmen really make money

Do car salesmen really make money

Author: BESTRAFER Date of post: 01.06.2017
do car salesmen really make money

How much does a car salesman earn from commission from selling a vehicle? The best answer to any question. Ask a question, get a great answer. Learn from experts and access insider knowledge. Answer by Jason Lancaster , Editor of AccurateAutoAdvice.

The short answer is that most car salespeople don't earn a whole hell of a lot of money. However, that's not the whole story. If you want to learn more, here's how commission structures are setup at your average volume brand dealership: Almost all dealerships set a minimum commission amount, which is the least amount of money you can earn when selling a car.

Car Salesman Confidential: How Much Do We Really Make?

A car sale that results in the minimum commission is called a "mini" in the car business, and salespeople hate minis. For the most part, new vehicle sales are all minis. However, this figure likely includes profits that salespeople never see That way they reduce commissions for salespeople and management even further. Salespeople have a relatively low quota units per month, depending on store and market.

Salespeople who fall below the quota are hard to keep around, partially because they usually suck, and partially because they're negative people who don't make good money and consequently drag everyone's energy down. Commissions will vary from one department to the next.

Internet salespeople, for example, may not be paid commission at all: Car sales compensation plans are designed for hard-chargers. If you're not willing to work hours a week, not aggressive enough to ask for the sale, and not polished enough to make people feel comfortable, you're not going to make much money.

It's all about selling lots and lots of cars every month. That's what gets you paid. It will depend on how many people they have, how big their market is, etc. They also often have lower commission rates and minimum monthly guarantees. NEWS Highline Science Education Weird News Business TestKitchen Tech College Media.

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do car salesmen really make money

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How Much Do Car Salesmen Really Make? | HuffPost

How Much Do Car Salesmen Really Make? If you're at quota, you get to keep your job. If you don't, you're at risk of being fired. Pack fees will be different for new and used cars, as will commission rates. More questions on Quora: What are the best bargaining techniques when buying a car from a dealer?

Why are American cars seemingly less reliable than Japanese cars? If a plague wiped out most people on Earth, what car should I steal to go look for survivors? Follow Quora on Twitter: Quora The best answer to any question. Cars Car Dealerships Sales Buying Cars Car Sales. ABOUT US ADVERTISE About Our Ads Contact Us RSS FAQ Careers Archive User Agreement Privacy Policy Comment Policy.

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