How much do a car salesman make a year?
According to the site Payscale.com, the median salary of a car salesman in 2018 was $41,539, with a range of about $19,000 for those earning in the bottom 10th percentile and about $83,000 in the 90th percentile.
The median is the number above which half earned more than and half earned less than..
How much do car dealerships make on a car?
Dealers pay around 2 to 3 percent of the invoice price of the car up front, and this is then rebated quarterly after the car is sold. If they sell the car quickly, the rebate most likely will be larger than their finance costs, and they make a profit on the difference.
Do car dealers make a lot of money?
Well, you may be surprised to know that dealerships actually make very little profit from the sale of a new car. Their profits generally come from the sale of add-ons and vehicle trade-ins. Interestingly, a dealer makes more profit from the sale of a pre-loved car than they do from selling new models.
Why do car salesmen have a bad reputation?
The salespeople take advantage of their situation, and try selling them a subpar used car with high interest rates. That contributes to the bad rep of these sales people.
What should you not say to a car dealer?
10 Things You Should Never Say to a Car Salesman“I really love this car” You can love that car — just don’t tell the salesman. … “I don’t know that much about cars” … “My trade-in is outside” … “I don’t want to get taken to the cleaners” … “My credit isn’t that good” … “I’m paying cash” … “I need to buy a car today” … “I need a monthly payment under $350”More items…•
Can you make good money as a car salesman?
How Much Does a Car Salesman Make? For a car salesman or saleswoman, the typical wage is low at about $2,000 per month. … The average salesperson sells about 8 vehicles per month and makes about $3,000 per month. Top performers sell over 20 vehicles per month and make $12,000 – $15,000 plus per month with bonuses.