I get that the dealerships and manufactures are making good money right now, but are the client advisors themselves making decent money?
With less cars to sell, I am guessing you wouldn’t need as many, or they are all fighting each other for the sale. Doesn’t seem to be a great time for them, unless I am missing something.
I have only one data point but the place I just got my car from had about 350 new and used (mostly used) on the lot. Finance guy said they normally have around 600. The salesman I worked with said that they have been very busy.
Supply is low, customers are chasing the same car. I am guessing they are going to want their customer to buy it before the other sales guys customer gets it.
If hypothetical buyer doesn’t want the car, the salesperson presumably has lots of other potential buyers who will need to pay the same price that was offered previously b/c no dealers are offering huge discounts (generally speaking).
OTOH, if the buyer doesn’t chase the dealer, the buyer could potentially wind up w/ no car at all or a car that is only offered at a markup.
You are lumping the sales people and dealer as one person. And it has been a race to sell cars before others do. I have personally had 2-3 cars sold from under me this month since the other sales person’s client was able to be there an hour or two earlier.
Some are doing well and others are struggling this month. But overall, I would say we are down compared to normal since there are very few cars to sell right now and we have a volume pay plan. Everything is moving, but when you normally have 100 new and 75 used cars in stock and are down to 5 new and 20 used, there is only so much you can make when there are 7 others trying to do the same job with limited product.
It is a mixed bag all around. If a dealer is selling half as many cars as normal, they might be missing out on factory bonuses and don’t forget about service. Every new car gets PDI’d (that can range from $100 to $1000 per car depending on brand and shop rate) plus all the trade-ins that get run through for before sale.
Depends on the dealership, I have many friends locally struggling b/c they don’t have any new or used cars. We have not had any issues since we been lucky with new and used inventory. Gross has been great as well.