The average Porsche Sales Rep makes an estimated $136,527 per year, which includes a bonus of $57,282 and an estimated base salary of $79,245. Porsche pays its sales representatives $25,981 more than the industry standard. Porsche sales representatives may earn between $24,000 and $340,000 annually.
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Re: Porsche automobile sales commission
SWAG (scientific wild-*ss guess): salespeople probably make between $4,000 and $5,000 for each new Porsche they sell. If a salesperson makes 24 sales in a year, they will likely make between $96,000 and $120,000 annually. They probably make a lot more money when the automobiles are selling well, and a lot less money when sales are sluggish.
The dealer’s margin above cost is most likely between 15% and 20%. On less, they couldn’t maintain a respectable operation. Again, this is just a guess on my part, but if the current average price of all new Porsches sold is $85,000, then the dealer is making between $12,000 and $15,000 each vehicle after commissions and overhead. I’m not sure how they could stay in business with a smaller profit margin, unless they sold a lot of cars, which isn’t evident from the data (they’ll probably sell between 34,000 and 36,000 cars in the US this year, which is about 1/3 of all new Porsches sold globally).
Once more, this is an educated guess—certainly not a precise one—based on an estimate of how much a Porsche-Audi dealer needs to earn in order to survive, prosper, and keep a respectable sales force in place.
P.S. I have no affiliation with Porsche, Audi, or any other automaker, nor am I a Porsche-Audi salesperson. I’ve provided some consulting services to auto dealers in the past, but I can only make educated assumptions about how much they earn on a Porsche.
How much commission does a salesperson for Porsche receive?
Do you know how much a salesperson at a US-based Porsche dealership is paid for each vehicle they sell? Say the car’s sticker price is around $100,000.
According to a general definition I read online, vehicle salespeople generally get 20–25% of the PROFIT made on the transaction, which is the difference between the sales price and the invoice price.
So what is the normal Porsche margin? And what percentage of the salesperson’s earnings?
What does Porsche earn?
At the start of the year, Porsche AG showed strong performance. In comparison to the first quarter of the prior year, the company’s operating profit and sales revenue both rose in the first three months of 2022.
Operating profit increased from 1.26 to 1.47 billion euros, and sales revenue increased from 7.73 to 8.04 billion euros. This is a 4.1 and 17.4 percent gain, respectively. The sales return increased from 16.2 to 18.2 percent.
Lutz Meschke, Porsche AG’s Deputy Chairman and Member of the Executive Board responsible for Finance and IT, asserts that “despite all the worldwide issues, we’re still perfectly on course.” “Porsche especially benefited from a good sales mix, disproportionate growth in the other business divisions, and favorable currency effects in the first quarter. It is challenging to offer an outlook because there are several external difficulties that we cannot control. However, we intend to achieve a return on sales of at least 15% in the fiscal year 2022.”
Given the conflict in Ukraine, the sports car manufacturer has taken further steps to ensure success in order to meet its high profit forecasts. “Our task team has done excellent work, as evidenced by our strong quarterly numbers,” claims Meschke. Despite a 5% decrease in deliveries compared to the prior year (68,426 vehicles were delivered to customers in the first quarter), the sports car maker still saw an increase in income. The Cayenne (19,029) and the Macan were the models that sold the most units. The third most popular vehicle was the totally electric Taycan.
According to Oliver Blume, Chairman of the Executive Board at Porsche AG, “Our electromobility plan is having an impact: 23% of all delivered vehicles were electrified, and 14% were fully electric.” As a result, the business is on track to meet its lofty goals. In 2025, it’s anticipated that 50% of all new Porsche sales will be electrified, either by completely electric or plug-in hybrid cars. More than 80% of all new Porsche vehicles are anticipated to have an all-electric drivetrain by the year 2030.
How much money does a brand ambassador for Porsche make?
Potential annual compensation of $100,000 for sales consultants as a Porsche brand ambassador. Excellent advantages are offered.
How much do the best car salespeople earn?
Car salesmen in the US earn incomes ranging from $10,023 to $234,892, with a median pay of $42,645 each year. The top 86% of car salespeople earn $234,892, while the middle 57% earn between $42,646 and $106,677.
How challenging is it to work at Porsche?
50% of job candidates say they had a great interview experience at Porsche Cars North America. For their job interviews at Porsche Cars North America, candidates rate the level of difficulty on average at 2.7 out of 5 (where 5 is the highest level of difficulty).
If you work there, do you get a Porsche?
Working full-time in the US does not always equate to making even a decent salary. However, things are very different in Germany.
And there, Porsche is offering a completely new level of comfortably paid employment; according to The Drive, each and every one of the company’s 21,000 employees will receive a substantial EUR9,111 incentive. This is roughly $9,825.
Why? According to a statement, the luxury carmaker achieved record sales last year with $24 billion in revenue, a 4% increase. Porsche chose to thank its many employees rather than just provide the extra money to the top of the corporate food chain.
Each bonus is worth exactly EUR9,111, a nod to the Porsche 911. Everyone will receive that additional compensation, including industrial workers, janitors, senior personnel, engineers, cafeteria staff, and others.
Discuss #careergoals. It would be lovely to see that kind of charity among the wealthy American corporations.
Oliver Blume, chairman of the executive board of Porsche AG, stated in a statement that 2016 was “an interesting, emotional, and, above all, tremendously successful year for Porsche.” “Our staff’s knowledge and enthusiasm lay the groundwork for Porsche’s successful future.”
Of course, there are other people as well as the business itself to thank for such a kind gift. Germany’s labor laws differ greatly from those in the United States. Germany now has more powerful unions and labor representation at the highest levels of huge corporations.
Employees have the chance to participate in major corporate decisions through organizations known as “works councils.” They choose a labor representative to carry out this. And there’s a structure, where executives decide on labor policy behind closed doors, that just doesn’t exist in the United States.
The Worldwide Guide to Trade Unions and Works Councils, a publication of Cornell University, explains that a representative of the so-called works council bargains with the employer over issues like pay and working conditions. This person has the ability to influence workplace policies that are “typically subject to the employer’s right of direction.”
In the case of Porsche, a works council representative went through difficult negotiations to reach that amazing incentive. According to Porsche’s Group Works Council chair Uwe Huck, “negotiating a bonus is never simple.” The decision-making process was particularly challenging this time, though.
If you want an extra $10K in your next paycheck, it appears you may have to relocate to Germany.
Do Porsche workers receive discounts?
The wages determined for employment contracts at Porsche AG are based on the metalworking industry’s collective bargaining agreement. The individual compensation structure is determined by the experience and qualifications of the employee.
Fair compensation that is appealing in comparison to our rivals is ensured through individual, performance- and results-based wage components.
With one of our business or rental cars, we provide many employees the chance to discover Porsche’s appeal outside of the job. Additionally, we extend a tempting offer of certain rental cars from the Volkswagen program to all employees.
With the extensive pension services we provide to our personnel, we set the bar. After all, after you’re retired, you should be treated with the respect that you deserve from Porsche.
With programs like Porsche VarioRente, which also enables you to convert a portion of the compensation you earn while working and invest it in your pension plan, we ensure this.
In addition to guiding our cars, Porsche Intelligent Performance also serves as the cornerstone of our Porsche insurance program. This is due to the fact that we constantly make an effort to strategically improve our services and working circumstances for our personnel.
The insurance coverage options include term life insurance, liability insurance, and auto insurance. You get unbiased guidance and profit from affordably cost, individually made insurance policies.
Employees frequently commemorate their 10, 25, or 40 years of service to the company. Many employees at Porsche discover a “career for life,” and we are glad to claim that.
The significant anniversary benefits that our workers get based on their tenure of employment with the company are one way that we show our gratitude for their long-term dedication.
Our extensive list of extra perks is completed by special rates and discounts on replacement parts as well as in the PorscheDesign and Porsche Lifestyle by PorscheDesign shops.
Can you become a successful auto salesperson?
While wages on ZipRecruiter range from $117,176 to $18,867, the bulk of CAR Salesman salaries now fall between $24,825 (25th percentile) and $54,616 (75th percentile), with top earners (90th percentile) in California making $88,875 annually.
What motivates your desire to work with Porsche?
Porsche is a distinctive business with fervent beliefs. Everything we do reflects the principles and values we uphold. We are quite aware of who we are and how we operate. This enables us to uphold our values and reach the high standards we set for ourselves. Regardless of what others do, we are dedicated to always broadening our boundaries and establishing new benchmarks.
How do automobile salespeople get paid?
The majority of dealerships provide salespeople a pitiful base income of about minimum wage. Then, salespeople often receive commissions equal to 25% of the vehicle dealership’s gross profit. By the way, that gross profit is more than you may expect.
What advantages are there for Porsche employees?
Porsche provides extensive benefits, such as paid time off, financial advantages, health and wellness programs, and employee perks. The 401K and employee incentives are among the best advantages that Porsches provide.
Medical Wellness:
Cigna Health Medical, Vision Dental, and FSA Dependent Care Account offer great benefits overall.
Paid Holidays:
If you are not eligible for the pension program, there is an additional, albeit optional, 5% to 10% match available to you in your 401(k).
Employee benefits
Employee assistance programs, gym membership payments, tuition reimbursement, and workplace flexibility are a few examples.
Any mechanic can work on a Porsche, right?
Many people believe that the brand’s dealership is the finest location to go if you want your automobile to receive top-notch maintenance. Particularly with Porsche, not just any mechanic can work on your vehicle. Because most of their cars have mid-engines, unique tools are needed, along with some specialist knowledge to complete the work swiftly and effectively.
A Porsche requires a little bit more general maintenance than a typical oil change. Even changing the oil in most European cars involves specialized equipment, including filters and occasionally unique types of oil that your typical mechanic might not have on hand. Due to this, many people choose to merely go to their neighborhood dealership.