$12,000 per year
People also ask
How much Commission do car salesmen make a month?
A salesperson who sells one to seven cars per month can earn around 25% of the gross on each vehicle. A salesperson who sells eight to 10 cars per month earns 30% commission per car. From 11 to 14 cars per month, the commission earned is 35%.
What is the difference between used car salesman and luxury car salesman?
Since the commission rate is based on the net profit that car dealership companies make on a given car, a luxury car salesman’s salary is naturally higher than that of a used car salesman’s salary. To put it in perspective, a luxury car salesman’s salary averages about $65,128 per annum, a used car salesman’s salary is $38,100 per annum in the US.
How many cars can a car salesman sell in a month?
From 11 to 14 cars per month, the commission earned is 35%. For 15 cars and over, the car salesman commission rate is 40% per car. Taking into consideration an average car deal with $1,200 gross profit, selling seven cars per month would earn the salesperson just $2,100 for the month.
How much do car dealerships pay?
The majority of car dealerships pay on a commission basis. The worker earns a percentage of the profit from the sale. The average commission will be somewhere between 25 and 40 percent, depending on how many cars are sold. If the car salesman is turning around ten cars a month with a $1,500 profit on each, they could take home $3,750.