Question: Can You Make A Good Living Selling Cars?

How many hours a week do car salesmen work?

40 hoursThroughout the week, car salespeople will work on average of about 40 hours per week with the opportunity for overtime.

Most of this time is spent indoors at the office, but car sales people do need to show cars to customers on the lot and may take the vehicles for short test drives if necessary..

How much money does a car salesman make a year?

According to payscale.com, the average wage for a car sales person is $48,000, but they can also earn an average of $3000 a year in bonuses on top of that, plus an average of $19,888 in commissions. It goes on to say that salary can range from $38K to $55K while commissions can range from $10k to $54K.

How do car salesmen make money?

Most dealerships pay salesmen a paltry base salary of roughly minimum wage. Salesmen then typically earn commissions of 25% of the dealership’s gross profit on the car. … The commission can put an extra $300 to $400 in a salesman’s pocket per car sold, and the average salesman sells ten cars per month.

How do you outsmart a car salesman?

20 Ways Every American Can Outsmart Their Car Salesman1 Show up with a good attitude.2 Don’t engage in the waiting game. … 3 Consider leasing before you buy. … 4 Shop for a less popular model. … 5 Try to use your banking rewards programs. … 6 Be sure to check the manufacturer’s website. … 7 It’s better to pay in cash. … More items…•

How much do you need to start flipping cars?

When setting the budget for your first car flip, people with experience suggest $1,500 as a starting amount. That gives you enough to buy a decent car at auction with moderate to high miles while leaving room to make about $500 to $800 in profit. These same experts say you should set a top-end limit of $5,000.

Can you make 100k selling cars?

To earn $100,000, the average sales person would need to sell about 333 vehicles, nearly one a day or more than one a day per days worked. Of course sales folks at high end dealerships likely earn more than the average while sales folks at more mainstream brands might earn less.

Can I make a living flipping cars?

Despite its growing popularity, flipping houses isn’t the only way to make money fixing up undervalued assets. If you have the right temperament and know-how, you can also turn a profit flipping cars. I’ve spent a lot of time learning how to successfully buy, fix, and sell old cars.

What should you not say to a car salesman?

10 Things You Should Never Say to a Car Salesman“I really love this car”“I don’t know that much about cars”“My trade-in is outside”“I don’t want to get taken to the cleaners”“My credit isn’t that good”“I’m paying cash”“I need to buy a car today”“I need a monthly payment under $350”More items…•

What does car salesman make per car?

The short answer is that most car salespeople don’t earn a whole hell of a lot of money. Dealership salespeople average about 10 car sales per month, and earn an average of about $40k per year. If you do the math, that’s about $330 per car. However, that’s not the whole story.

Which dealership sells the most cars?

Top 10 dealership groupsRanked by 2018 new-vehicle retail sales2018 total new retail vehicles2018 rankAutoNation Inc.*310,8391Penske Automotive Group Inc.*‡236,0002Lithia Motors Inc.*184,601310 more rows•Mar 25, 2019

Do car salesmen prefer cash or finance?

But that’s not how car buying works. Dealers prefer buyers who finance because they can make a profit on the loan – therefore, you should never tell them you’re paying cash.

What are the best cars to flip?

Look around and see if you can buy these used cars to flip.1. Japanese Cars. If you’re new to the flipping game, Japanese economy cars are a great place to start. … Classic Cars. Cars from the 1950s and 1960s are the reason so many people turn out for car shows. … Minivans. … Pick-Up Trucks. … SUV. … Pre-War Cars. … Sports Cars.

Is flipping cars a good business?

Flipping cars for profit is definitely one of the most profitable ways to make money outside of flipping houses. The investment is a little higher than what most people are comfortable with but the rewards make it well worth it.

Can you make good money as a car salesman?

How Much Does a Car Salesman Make? For a car salesman or saleswoman, the typical wage is low at about $2,000 per month. … The average salesperson sells about 8 vehicles per month and makes about $3,000 per month. Top performers sell over 20 vehicles per month and make $12,000 – $15,000 plus per month with bonuses.

What is the most a car salesman can make?

Top Gun in Sales : Leading Car Salesman Can Earn Up to $160,000 a Year – Los Angeles Times.

What happens to all the unsold cars?

They can’t just send the unsold ones back to the manufacturer at the end of the year. In order to make money, they have to get customers to buy them. There are a few options for the dealership when their cars don’t sell. They can ship the unsold cars to a different market where the specific model might be in demand.

Is car sales a stressful job?

Car sales is one of the most stressful jobs that there is—next to air traffic controller and heart surgeon. No, you don’t have thousands of people’s lives at stake…just one: yours. If you don’t make enough sales, you’ll have wasted all of your time working for nothing. You’ll probably also get fired.

Why you should never pay cash for a car?

The common thinking is that buying a car with cash is better than financing because you won’t have to pay interest. … In that case, paying with cash may not be the smartest thing to do because you’ll lose very little money by financing; you get to keep your cash for other projects or investments.