The median annual wage for sales managers in 2021 was $124,360. The lowest 10% earned less than $75,100, and the highest 10% earned more than $208,000.
Factors that affect salary
There are a number of factors that can affect the salary of a sales manager of a car dealership, including:
* Dealership size: Larger dealerships typically pay higher salaries than smaller dealerships.
* Location: Sales managers in metropolitan areas typically earn more than those in rural areas.
* Experience: Sales managers with more experience typically earn higher salaries than those with less experience.
* Education: Sales managers with a college degree typically earn more than those without a degree.
* Sales volume: Sales managers who generate more sales volume typically earn higher salaries than those who generate less sales volume.
Bonus opportunities
Many dealerships also offer bonus opportunities to their sales managers. These bonuses can be based on a variety of factors, such as:
* Sales volume
* Profitability
* Customer satisfaction
* Market share
Benefits
In addition to a competitive salary and bonus opportunities, sales managers of car dealerships also typically receive a number of benefits, such as:
* Health insurance
* Dental insurance
* Vision insurance
* Life insurance
* Paid time off
* Retirement savings plan
Career opportunities
Sales managers of car dealerships have the potential to advance their careers to higher-level management positions, such as general manager or dealer principal. They may also move to other dealerships or join an automotive manufacturer or supplier.
