How Much Do Chevy Car Salesman Make – Auto salespeople are not entitled to an hourly wage if they are exempt employees. Most of them are paid a commission or “piece rate,” although some of these workers earn an hourly wage in addition to their commission income.
Whether they are paid on a commission basis or by the hour, their eligibility to work may change. In this article, we will discuss the commission-based compensation laws that apply to car salespeople.
How Much Do Chevy Car Salesman Make
They can also make “spiffs” or prize money from car companies or sales managers for selling specific vehicles that are difficult to move.
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A commission is a salary that compensates an employee for their role in completing the sale of a product or service, such as a car.
Many car sales professionals are paid entirely on commission. Their compensation terms are outlined in their commission agreement.
Some car dealers are paid a certain amount of money for each car sale. If this amount does not vary depending on the value of the car, it is a “piece rate” compensation, not a commission.
For example: Juan works at A car dealership in Los Angeles. He sells a Porsche for $70,000, a Nissan for $40,000, and a Honda for $15,000. He is paid $500 for each sale. He is compensated at the chord rate. Janet works next door at car dealership B. She also sells a $70,000 BMW, a $40,000 Chrysler, and a $15,000 Toyota. She receives $1,000 for her role in selling BMW and $600 for selling Chrysler, but only $200 for selling Toyota. She receives commission payments.
How Much Do Car Salesmen Make?
However, some car salespeople are paid an hourly or salaried salary. They are paid the same amount regardless of the number of cars sold.
Finally, there are many car salesmen who set a base hourly or wage rate, as well as a commission or piece rate compensation for the sale.
Even if they earn a commission, car salespeople may be entitled to an hourly rate of at least minimum wage if they are not exempt.
In California, non-exempt employees are not exempt from labor laws and the Fair Labor Standards Act (FLSA). Therefore, they have the right to:
Important Questions To Ask A Car Salesperson Before Buying A Car
Whether a car salesman is an exempt or nonexempt employee depends on whether he is an inside or outside salesperson.
Few car sales professionals are exempt as an outside salesperson. To be exempted in this way, the employee must:
Most of the car salesmen who are exempt from the tax are inside dealerships. To be exempt in this way, employees must:
If the car dealer does not meet these requirements, then they are non-exempt employees. If they are not exempt, they are entitled to an hourly wage of at least the applicable minimum wage standard.
What Not To Say To A Car Salesman [list]
If a car company salesman is a non-exempt worker, he is not only entitled to hourly pay of at least minimum wage: he is also entitled to overtime and paid meal and rest breaks.
A former Los Angeles prosecutor, attorney Neil Shouse graduated with honors from UC Berkeley and Harvard Law School (and completed additional graduate studies at MIT). He has been featured on CNN, Good Morning America, Dr Phil, The Today Show and Court TV. Mr. Shaus has been recognized as one of the Top 100 Criminal Trial and Top 100 Civil Trial Lawyers by National Trial Lawyers. One of the most common questions asked by anyone considering a career as a car salesman is how much money a car salesman can make. My standard answer is that they make as much as they want to make because they work on commission for car sales. In other words, their income is based on the amount of cars they sell, which is determined by the specific compensation plan that the dealership (where they work) uses to compensate their salespeople. If you check the Bureau of Labor and Statistics, you’ll find that in 2011, the average car salesman made just over $42,000 a year, averaging about $20 an hour. That’s about 42 hours a week on average. Not what I would consider the average number of hours worked for car salesmen, but we’ll get to that later. If you want to know if a car salesman gets paid by the hour, you need to learn more about working on commission and the earning potential available to a car salesman.
Let’s take a closer look at these numbers on how much car salespeople make. If we break it down a little further, the bottom 10% of car salespeople (including female car salespeople) make about $18,000 a year, while the top 10% make about $75,000 a year or more. If we break it down even further, the bottom 10% earn an average hourly wage of about $8.70 an hour, while the top 10% earn about $36.00 an hour (I doubt it). Remember, I’m using numbers from the US Bureau of Labor and Statistics.
Have you already changed your mind about becoming a car salesman? Don’t rush to judgment about a career in car sales just yet. Don’t let these numbers scare you, as many other reliable sources report how much a car salesman makes as significantly higher. These other sources have also looked a little closer at the earnings of professional car salesmen, and they point out that there is a difference between salespeople who sell new cars or used cars, and a combination of the two (my personal favorite).
What Should I Pay For A Car: Everything You Need To Know
You also need to keep something in mind when asking how much car salespeople make. The statistics used include numbers from major metro car dealers and those selling used and buy-here, pay-here cars on the corner where an old gas station once stood. These numbers can also include a two- or three-person operation that buys and fixes up old beaters to sell, and part-time employees who can do the repairs as well as sell the cars. These operations could be done in small one-horse country towns that only sell a couple of cars a week. It’s all relative, but my main goal here is to educate you on how much a professional car salesman makes per year.
I have spent many years in the car business working in various areas of the car dealership and have visited many professional car salesmen and women in my travels. I have found that there is no such thing as average when it comes to car salesman salary or how much car salesmen make. I have heard of car salesmen making anywhere from $25,000 a year to $250,000 a year. To be fair, those who made $25,000 often worked in small towns and rural areas and were paid a flat fee for each car they sold. It was rare for a car salesman to be offered discounts, bonuses or incentives to sell more cars or to reach a certain number of units to receive a bonus. Some of them worked at dealerships the same size as car salesmen, earning six-figure incomes selling cars. They were either beginners or those who needed to participate in the program or were thinking about changing careers. The highest earning car salesmen were usually located in metro and/or suburban areas. Most salespeople in these fields ranged from $45,000 a year to $250,000 a year.
I recently spoke with a car salesman in the Chicago suburbs who made $234,000 in 2012. He sold new and used, and he has been selling cars for about 15 years. He worked a few hours over forty a week, in fact he said he averaged about 60 hours a week. He takes three weeks vacation every year and takes a day off every now and then. This is what you call a car sales professional and certainly not concerned about the average car salesman’s commission.
If you’re thinking of becoming a car salesman, are you going to focus on the lowest paying car salesman, or are you going to look for the top 10 or 20%? If all you can think about is living off what car salesmen make who are in the bottom 10% of their profession. Find another way to make a living because there is no place for those who want to earn the average salary of a car salesman. The car sales skills you need to be successful don’t include wanting to be mediocre.
Car Salesman Personal Websites
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