$12,000 per year
People also ask
How much Commission do car salesmen make?
Two factors account for this: sales that generate only mini commissions and the added cost of the dealer pack. However, almost all dealership set a minimum commission for a car salesman which ranges from $75 鈥?$100 per car sales. Car sales commission also varies from one sales person to another.
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 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.
Is being a car salesman a wealthy job?
If you look at the car sales profession in general, it is not a very high paying job and it will not make any car salesman wealthy.