I was curious as to how much Lexus Salesman make. I've heard that some BMW salesman make over $100K a year. The BMW salesman that just sold my friend a 330i has a 328i, M3, and 528i himself. So they must not be doing too bad ehhhh? Lexus salesman couldn't be that far off (however, they do sell much less cars).
Salespersons do have quotas to make and they average from 430K a year to $200K a year. The average per new car is $200 to $500 per deal. Now if they do 2 a day at $400 and work 20 days a month that is $16k per month not bad. Yet there are season and besides when you work for a dealership you get discounts on the car. I know that if you are a BMW salesperson you get 30% off your monthly lease statements as a spiff. Now if you finance you get it lower than Invoice + all the hidden dealer fees. basically around $4K under invoice on average. Not bad yet most of them do have bad credit since it is seasonal and they dont know how to save money for times like that.
I read an article from Yahoo couple months ago saying that newbie sales (1-5 year experience working at Honda, Ford etc) make between 30-40K. The more experienced ones (naturally moving up the chain to Lexus, BMW etc) make 50 - 60K. Sales managers are the ones that are making the big dough.
The actual topic of the article was about how stressful the job is and hence the huge turnover rate.
Just spilling out what I remembered from the article.
btw, I had a friend who worked as a car salesman and I know for fact that he doesn't make anything close to the numbers that were thrown around in prior posts.
Remember that's 16k in one month. That means that the next month there may be no sales!!!
Yup and the typical sales person sells 3 cars a week. And average around $300 a car. so go figure. Heck I know one guy who is a sales person here and he makes $3K a month on average.. yet they got to work their ass off
Now people he did ask LEXUS SALES PERSONS.. and BMW sales persons.
[This message has been edited by HapaHaole (edited August 09, 2000).]
i think 16k a month is stretching it. getting paid taht much for having no college education means taht everyone would want to do it. selling cars can be a pain as you might want to work late into the night trying to get a sale. saying they make from 400ka year to 200k is absolute crap..thats' nto possible.
Well I can say the Closers and Floor managers make $200K a year each. and the owners make close to $1,000K if the dealership is huge. i.e. the owner of Beverly hills Mercedes averages $3,000K a year.. man now that is money.
I can't answer this question. What I can say is that the salesman that leased me my RX300 last year and the guy I just leased an IS300 from were both far gone right after my dealings with them.
I know it wasn't my fault because Lexus likes to stick it to me when it's signing time, but I have to wonder about the turnover rate.... which in Florida, I must say, is high in any line of work.
i've been thinkign about different career paths. i considered general manager at a car dealership but i'm wondering how much do they make? like a span with the different brands? what does it take to get there? and what does the job involve? paperwork, service, that kind of stuff? thanks
You probably start out as a floor sales at lower end dealerships getting "27K AND they get a free turkey at Christmas" (that's really funny [img]images/smiles/icon_biggrin.gif[/img]).
If you are a proven above avg. sales over next few years, you earn the right to work at higher end dealerships. As for mgmt position, I've never seen a dealership manager younger than low 30ish.
If you think you are a good sales, try the stock market instead.
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