how much do car salesmen make

Question

The amount car salespeople make can vary depending on several factors, but here's a breakdown to give you an idea:

• Average Salary: According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for car salespeople in May 2023 was $55,811 BLS source: [invalid URL removed]. This means half of all car salespeople earned more than this amount, and half earned less.

• Salary Structure: Most car salespeople work on a commission basis, meaning their earnings are directly tied to the number of vehicles they sell. They may also receive a base salary, but this is often on the lower end.

• Commission Rates: Commission rates can vary depending on the dealership, the car model sold, and the salesperson's experience level. They typically range from 2% to 10% of the vehicle's selling price. For example, if a salesperson sells a car for $30,000 with a 5% commission rate, they would earn a commission of $1,500.

• Additional Bonuses: Some dealerships might offer bonuses for exceeding sales targets or selling high-profit vehicles.

• Experience: Experienced car salespeople who consistently meet or exceed sales quotas can potentially earn significantly more than those who are new to the profession.

Here's a range to consider, keeping in mind location and experience can affect income:

• Lower end: New or underperforming salespeople might make closer to minimum wage or slightly above.
• Top performers: Highly experienced salespeople in high-volume dealerships can earn well over $100,000 annually.

Here are some resources for further information:

• Indeed: https://www.indeed.com/career/car-salesperson/salaries provides salary information based on user-submitted data.
• Glassdoor: https://www.indeed.com/career/car-sales-executive/salaries/TX offers salary information based on user-submitted data.

It's important to note that car sales can be a competitive field. Success often depends on an individual's sales skills, work ethic, and the ability to build rapport with customers.

Answer 1

The amount car salespeople make can vary depending on several factors, but here's a breakdown to give you an idea:

• Average Salary: According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for car salespeople in May 2023 was $55,811 BLS source: [invalid URL removed]. This means half of all car salespeople earned more than this amount, and half earned less.

• Salary Structure: Most car salespeople work on a commission basis, meaning their earnings are directly tied to the number of vehicles they sell. They may also receive a base salary, but this is often on the lower end.

• Commission Rates: Commission rates can vary depending on the dealership, the car model sold, and the salesperson's experience level. They typically range from 2% to 10% of the vehicle's selling price. For example, if a salesperson sells a car for $30,000 with a 5% commission rate, they would earn a commission of $1,500.

• Additional Bonuses: Some dealerships might offer bonuses for exceeding sales targets or selling high-profit vehicles.

• Experience: Experienced car salespeople who consistently meet or exceed sales quotas can potentially earn significantly more than those who are new to the profession.

Here's a range to consider, keeping in mind location and experience can affect income:

• Lower end: New or underperforming salespeople might make closer to minimum wage or slightly above.
• Top performers: Highly experienced salespeople in high-volume dealerships can earn well over $100,000 annually.

Here are some resources for further information:

• Indeed: https://www.indeed.com/career/car-salesperson/salaries provides salary information based on user-submitted data.
• Glassdoor: https://www.indeed.com/career/car-sales-executive/salaries/TX offers salary information based on user-submitted data.

It's important to note that car sales can be a competitive field. Success often depends on an individual's sales skills, work ethic, and the ability to build rapport with customers.