Question: Can A Car Salesman Make Six Figures?

How much does a car salesman make a year?

What Is an Average Salary of a Car Salesman.

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..

Why car salesmen are the worst?

Car dealerships, both on sales and service, are the worst, because their clientele are ill equipped with knowledge. Because their business model is based on a one time sale, not a series of sales over time. … So they HAVE to make the sale while you’re on the property, and they have to squeeze it for all it’s worth.

How many hours a week do car salesmen work?

40 hoursThroughout the week, car salespeople will work on average of about 40 hours per week with the opportunity for overtime. Most of this time is spent indoors at the office, but car sales people do need to show cars to customers on the lot and may take the vehicles for short test drives if necessary.

How do I succeed in car sales?

100 rules to succeed in car salesYou are not at work to make friends; you’re there to sell cars.Learn your product inside out. … Learn your competition inside out. … If you don’t ask for the business, the customer won’t give it to you. … When you test-drive a car; put the key and the car back in the proper spot. … Listen more, talk less.More items…•

Who is the richest car dealer?

1. Bill Gates. Company: AutoNation Inc. Gates may not be the first person you would expect to see on a list of automotive wealth, but his share of car dealer AutoNation contributes to his overall fortune, most of which comes from Microsoft Corp.

What a car salesman should not tell?

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…•

Do car salesmen get commission on financing?

Car dealerships get commission when you purchase a car – and a higher commission when they use their own finance company. … This means the car price may be inflated, because the higher the price of the car, the higher the loan and the higher their commission.

How much does a top car salesman make?

Top Gun in Sales : Leading Car Salesman Can Earn Up to $160,000 a Year.

Can you be an honest car salesman?

A car salesman even a used one can be honest. They make their money selling cars and the more expensive the car the more they make. … A sales person can be fair in that they want people to find value. They may not want to sell a car that is worth less to someone for more and lie about it.

Is car sales a stressful job?

Car sales is one of the most stressful jobs that there is—next to air traffic controller and heart surgeon. No, you don’t have thousands of people’s lives at stake…just one: yours. If you don’t make enough sales, you’ll have wasted all of your time working for nothing. You’ll probably also get fired.

Do luxury car salesmen make more?

On average, monthly, he sells at least 10 new cars, and 10 used cars. … Plus he gets a loaner car whenever he wants it. So, the answer is, yes, sometimes you can make more money as an exotic car salesman, especially if you have lots of “in” contacts with whom to sell to, or if you’ve never sold cars before.

Do car salesmen get drug tested?

Yes most of the dealership you see are corporate owned and they test for drugs. Also if you are in sales they will require a background check and credit check since you will be dealing with money and people’s socal security numbers.

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.

Is car sales a good career?

Many people view a career in auto sales as a job filled with long hours and the need to employ hard closing techniques. However, a career in auto sales can be very rewarding. Those who are successful in auto sales understand that their success is not dependent upon the brand of car that they sell.

How much does a BMW car salesman make?

The average BMW salary ranges from approximately $33,280 per year for Business Development Representative to $95,868 per year for Sales Manager. The average BMW monthly salary ranges from approximately $2,000 per month for Sales Consultant to $2,500 per month for Sales Representative.