i know usally % of profit but what is an avg profit???
2006-06-24 08:49:42 · 4 answers · asked by chefkris 2 in Cars & Transportation ➔ Buying & Selling
The "standard" is 25% of gross profit. It may be on a sliding scale at some dealerships. The higher the gross, the higher the percentage.
Gross profit is simply the sales price minus the dealer's cost. Most houses "pack" the cost by a couple of hundred to cover floorplanning (financing of the vehicles on the lot awaiting sale) and advertising.
2006-06-24 08:59:47 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Some Dealers pay their salesmen an hourly wage and then a flat $100 bonus per car sold.
Other Dealers work on stricktly a % based scale. These salesmen might make $50 on one car and $2000 on the next. It all depends on the original price that the dealer paif for the car, what has been done to the car and how much they are asking for the car.
Like a snow flake....every car sale is different.
2006-06-24 09:04:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
At least $100 or more
2006-06-24 08:53:57 · answer #3 · answered by amslat 1 · 0⤊ 0⤋
depends on the vehicle.
2006-06-24 08:53:29 · answer #4 · answered by koifishlady 4 · 0⤊ 0⤋