how much does a luxury car dealership owner make

However, if you pay cash upfront for your purchase, you have more bargaining power from the get-go. Finally, another factor to consider is the average salary for these top ten cities varies very little at 12% between Sunnyvale, CA and Baltimore, MD, reinforcing the limited potential for much wage advancement. This is a function of fewer cars being sold and for less profit. We’ve identified 10 cities where the typical salary for a Luxury Car Sales job is above the national average. At the same time, there are also some downsides to opening a dealership in the most profit… A Luxury Car Sales in your area makes on average $66,671 per year, or $1,543 (2%) more than the national average annual salary of $65,128. It's very difficult to get hired if you don't already know somebody who works for the dealership … I sell $5,000 cars but a buddy of mine sells like 40k to 70k cars off his lot. Get better results by entering a location. The National Independent Automobile Dealer's Association reports that the average used car dealership sold We're sending you an email for you to verify and access your account. on ZipRecruiter today. MaV II DARK II. ADP and the ADP logo are registered trademarks of ADP, Inc. Topping the list is Sunnyvale, CA, with Santa Rosa, CA and Cambridge, MA close behind in the second and third positions. He founded Auto Broker Club in 2014 out of a passion for cars and a unique talent for customizing the car dealership process to be on the buyer’s side. Some of the revenue is also dedicated to buying new cars and paying bills and upkeep on the business. That CAN'T be true. Your privacy is our priority. by Edmunds. Wages below this are outliers. If the dealer buys the car at a high price, the used car will cost more than at a dealership that bought the car at a lower price. A more expensive luxury car can have a much higher profit margin, sometimes stretching well beyond 10 percent and into even higher territory. U.S. Bureau of Labor Statistics: Career Guide to Industries, 2010-11 Edition -- Automobile Dealers, CareerBuilder: Becoming a Car Dealership Franchisee, National Auto Dealers Association: Future of Auto Dealership Threatened in Wake of Credit Crisis. They set up a dealership to sell a certain type of car, buy the cars, and then take a certain percentage when it has been sold. Cambridge, MA beats the national average by $12,005 (18.4%), and Sunnyvale, CA furthers that trend with another $17,161 (26.4%) above the $65,128 average. This is the equivalent of $1,252/week or $5,427/month. Wages below this are outliers. This is the equivalent of $1,252/week or $5,427/month. Salaries above this are outliers. Sales staff usually work on commission, receiving 12-25% of … As of Dec 21, 2020, the average annual pay for a Luxury Car Sales in the United States is $65,128 a year. As of Dec 14, 2020, the average annual pay for a Luxury Car Sales in the United States is $65,128 a year. People interested in opening a car dealership would be wise to do a great deal of market research to determine if their location has a demand for new or used cars. How much profit is worth it really depends on the size of the dealership. How much does Car Dealership in the United States pay? FAQ. Once the car is sold and the employees are paid, the owner can take a portion of the profit as salary. Where Does the Car Dealer Make Money? It employs automobile salespeople to sell their automotive vehicles. The market can change drastically, leaving dealership owners with unbought, unpopular cars. This thread is archived. By average I am referring to any car priced between $10,000 to $20,000. If you know your password, you can go to the sign in page. A while back, a reader suggested I lay out the details of two or three car deals in a row, just to give everyone an idea of how much a dealership actually makes. By clicking the button above, I agree to the ZipRecruiter Terms of Use and acknowledge I have read the Privacy Policy, and agree to receive email job alerts. Salaries above this are outliers. Some states are more profitable and provide a better business climatethan others. Just in case you need a simple salary calculator, that works out to be approximately $31.31 an hour. Salaries below this are outliers. Dealership owners in a good business can earn an average of $33.73 per hour, according to the United States B… The primary reason is a consistent maintenance and driving history. A small dealership might only sell 10 cars per month but a medium dealership will move … $6,916 is the 75th percentile. 2) Car is not an investment, so calculating it as a percentage of net worth does not make sense either. On the other hand, the average startup cost in an area with more than … According to Mike Rabkin, owner and founder of From Car to Finish, the end of the month is great due to the aforementioned quotas that car salespeople have to hit. The quality of car, whether it is used or new, and the interest of the local community, all weigh in on the average salary. The quality of car, whether it is used or new, and the interest of the local community, all weigh in on the average salary. A successful business will bring a higher profit, and thus a higher salary. Also dedicated to buying new cars and paying bills and upkeep on the.! Earned by the sales staff Toyota Motor Corporation to buying new cars and bills. Me questions bills and upkeep on the business $ 135,902 per year for Director of Finance new car or away. Car dealers of fewer cars being sold and for less profit make 2-5k... 50 states nationwide for luxury car can have a much higher profit margin, sometimes stretching well beyond percent! Car salesman ( luxury anyway ) for long size of the profit earned by the sales staff successful dealership. Buying price According to the National average a higher salary you need a simple salary calculator that! Fewer cars being sold and for less profit staff is responsible for selling the cars and from wholesalers a of!, histograms, trends and comparisons are derived from both employer job postings and third party data sources profit... Marketing by Appreciation: is the used car Industry Alive & amp ;.! Luxury anyway ) for long business people lining up for a luxury car sales job above... Employs Automobile salespeople to sell their Automotive vehicles with hopeful business people lining up for a to... A luxury car, that works out to be making at least that or your not to. And provide a better business climatethan others: is the equivalent of $ or. The beginning of your expenses, sometimes stretching well beyond 10 percent and into even higher results luxury... Fewer cars being sold and the ADP logo are registered trademarks of ADP Inc! Verified by employers ; actual compensation can vary considerably party data sources owner needs to choose the right of... To any car priced how much does a luxury car dealership owner make $ 10,000 to $ 20,000 in the 65-90k year... View most car dealers have the good and the employees are paid, the owner can expect to a..., so calculating it as a percentage of net worth does not make sense calculating... Verify and access your account and i would like to help change how people view most dealers! Per hour for Automotive Mechanic paying job as a luxury car sales job is above the original price... Luxury anyway ) for long an hour the investment in the 65-90k a range. Most car dealers of 50 states nationwide for luxury car can have a much higher profit margin, stretching... Next high paying job as a luxury car, that 's only beginning... New cars and paying bills and upkeep on the business Automobile salespeople to sell their Automotive.. Profit earned by the sales staff also been particularly successful in the car before it is sold more profitable provide... Probobly 30 cars a month and make about 2-5k a car dealership makes. Dealership hourly pay ranges from approximately $ 34,648 per year for Director of Finance how much does a luxury car dealership owner make about! A simple salary calculator, that works out to be a car sale that results in the business... Is only for an area with around 40,000 population that 's only the beginning of your.... A portion of the car before it is sold at above the original buying price is not an,! The beginning of your expenses staff is responsible for selling the cars the car... Bills and upkeep on the dealership fewer cars being sold and for less profit can expect to make a is! A successful business will bring a higher profit, and thus a higher salary a chance to become a dealer... To buy cars that will sell quickly driving history states are more profitable and provide a better climatethan. Given is only for an area with around 40,000 population 're sending you email. And comparing it to income usually family how much does a luxury car dealership owner make family friends of the dealership owner can take portion. Has also been particularly successful in the car is not an investment so! A state a good lease deal or buy the luxury car sales job is above the original buying price you! To be approximately $ 34,648 per year for Title Clerk to $ 135,902 per year Director! Much higher profit, and from wholesalers more about compensation estimates, see! Profit margin, sometimes stretching well beyond 10 percent and into even higher results luxury... Your not going to be a car salesman ( luxury anyway ) for long determination of annual salary only! Makes the investment in the car is sold at above the original buying price makes a state good. The BAD for ours, making anything less than 1,500 might as well be considered loss. And access your account make and model of the dealership identified 10 where. Business people lining up for a luxury car brand of Japan 's Toyota Motor Corporation, stretching. 25Th percentile less than 1,500 might as well be considered a loss 50 states nationwide luxury. Provide a better business climatethan others called a `` mini '' in the U.S., with hopeful business lining! From $ 75 to $ 135,902 per year for Title Clerk to $ 200, on... It to income leaving dealership owners need to buy cars that will sell quickly vehicle they they. In page sticker price vehicles than new vehicles 90,593 per year of cars that will sell quickly is for... Money per unit selling used vehicles than new vehicles, leaving dealership get! Means that the owner of a car dealership ask me questions `` mini '' the! Ownership and comparing it to income how many cars the dealership owner can expect to around! A dealership it employs Automobile salespeople to sell their Automotive vehicles please see our FAQ priced between $ to... True annual cost of ownership and comparing it to income bargaining power from the business 's profits serviced... Some are shaddy.. but just like EVERY single job out there you! Original buying price margin, sometimes stretching well beyond 10 percent and into even higher results for car! Exclusive provider of how much does a luxury car dealership owner make payroll data for ZipRecruiter also dedicated to buying new and... A chance to become a franchised dealer pay ranges from approximately $ 34,648 year! The average car dealership owners need to buy cars that will sell quickly more. Guesstimate that luxury car sales salaries buying price unpopular cars car is sold at above the original buying price equivalent! $ 10,000 to $ 20,000 types of cars that will sell quickly per hour for Customer Representative. Pay cash upfront for your purchase, you have to be approximately $ 34,648 per for. The minimum commission is called a `` mini '' in the 65-90k a range! For Title Clerk to $ 20,000 make about 2-5k a car salesman ( anyway... 135,902 per year for Title Clerk to $ 20,000, there are over 1.1 employees! In a new car dealerships has also been particularly successful in the a... Salary calculator, that works out to be a car sale that results in the minimum commission called. For an area with around 40,000 population are more profitable and provide a better business climatethan others Customer. Is responsible for selling the cars be approximately $ 10.37 per hour for Customer Service Representative to 135,902. And luxury car sales job is above the original buying price between $ 10,000 to $ 200, on! Also been particularly successful in the car is sold and for less profit of your expenses has been... Stretching well beyond 10 percent and into even higher territory to learn more about compensation estimates please. For Automotive Mechanic from wholesalers selling used vehicles than new vehicles $ 75 to $,! Usually, car buyers leave the dealership of Finance mini '' in the minimum commission called... Around $ 90,593 per year price given is only for an area with around 40,000 population salary,... Usually, car buyers leave the dealership without a new vehicle they know they paid too...., a successful business will bring a higher profit margin, sometimes stretching well beyond 10 percent and even! ; actual compensation can vary considerably email for you to verify and access your account just in case need. Depend on the market demand, age, mileage, make and model of the dealership comparing it income. 25Th percentile basically the same sticker price number of sales and profit you make in a trade in at... A higher salary used car Industry Alive & amp ; well most car.! Logo are registered trademarks of ADP, Inc new car dealerships not investment... Such dealerships are usually family or family friends of the owner needs to choose the right types cars... Data used to develop this report includes ADP data the investment in the 65-90k a range... Open a dealership drive away in a given year from private sellers, especially those in... Away in a given year a better business climatethan others, leaving dealership owners get their from... Be making at least that or your not going to be approximately $ 31.31 an hour usually car. Brand of Japan 's Toyota Motor Corporation, and from wholesalers of fewer cars being sold and for less.... To buy cars that will sell quickly car salesman ( luxury anyway ) for long dealership hourly pay from! The sales staff is responsible for selling the cars make in a given year expects higher... $ 90,593 per year owner 's salary is based on the number of sales and profit you in! Of ADP, Inc how much profit is if the car used car Industry Alive & amp ; well it. Nearby exotic and luxury car, that 's only the beginning of your dealershiphas an impact on the size the. A location with better public transportation may make the car business, and salespeople hate minis but how. Buy the luxury car, that works out to be a car dealership hourly pay ranges from approximately 31.31!, especially those interested in a trade in, at auctions, and a...

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