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.
In This Article...
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).
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?
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 is it like to work for Porsche?
Porsche continually encourages employee growth since they hold the greatest potential for a successful business. Offering managers and employees specialized growth opportunities is part of Porsche’s staff development strategy. It is based on each person’s needs and different developmental phases.
Do Porsche staff members receive 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 release, the premium carmaker achieved record sales last year with $24 billion in revenue, a 4% rise. 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 staff members receive cars?
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.
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 (medical, dental, and 401k)
Porsche: a reputable employer?
The winners of Glassdoor’s “Best Employer 2020” award were revealed today. Glassdoor is one of the biggest job and recruiting sites in the world. For the first time, Porsche is in the top spot in Germany. The organization presents this yearly prize for employee satisfaction in Germany for the fifth time.
How is the work environment at Porsche?
a fantastic work environment. Every day I am motivated by the opportunity to work with the Porsche team. being aware that clients all across the world are really satisfied with the products they purchase. Porsches are excellent automobiles. it satisfies the highest performance criteria
How will car salespeople be paid in 2021?
If car salespeople are exempt employees, they are not entitled to an hourly pay. Although some of these employees also receive an hourly wage in addition to their commission payments, the majority of them are paid on a commission basis or at a “piece rate.”
Their employment rights may change depending on whether they are compensated hourly or through commissions.
Is selling cars a worthwhile career?
A career in auto retailing has considerable value and long-term viability, and working in the auto industry can be both gratifying and hard.
One of the main advantages of selling vehicles is the potential for commissions, which, based on statistics gathered by the National Automobile Dealers Association, can average up to 25% of front-end profits every sale. Even though commission-based pay is starting to become less popular, many dealerships still use it to make sure their top salesmen are adequately compensated.
Being an auto retailer requires a thorough grasp of consumer demands and the ability to suggest particular goods or services in line with those needs.
Successful automobile salesmen are eager to learn more about various makes and models, vehicle features, F&I options, and the overall sales management process. They love this challenge. As a result, motivated people who want to take control of their careers and professional development are a good fit for this position.
Consumers still choose in-person car purchases over online ones, despite the recent transition to e-commerce. Automotive News reported in 2019 that 75% of questioned car shoppers would not want to buy a vehicle without the assistance of a dealer, and that roughly 81% of respondents trusted the information they got from dealerships. Given this, there won’t likely be a sudden decline in the demand for competent and approachable sales agents. But what specific job advice for car salespeople will assist you in achieving your objectives?
How many people work at Porsche?
Porsche employs more than 30,000 employees, all with various backgrounds and responsibilities. No of their position on the team—engineer, HR expert, programmer, etc.—each team member is committed to carrying on Ferry Porsche’s decades-old legacy of enthusiasm and innovation. Here, the employees of Porsche provide a behind-the-scenes look at their work from a perspective that is all their own, as well as the inside scoop on recent advancements.
These are the only people to reach out to if you need a press agent or an online multiplier.
Do you have inquiries regarding your Porsche or service-related issues? about promotion, sponsorship, or marketing? Or general questions? You can get assistance from your local Porsche Center or Porsche Contact.
A Porsche pro is what?
The Porsche Pro’s job is to serve as this team’s brand ambassador and product and technical specialist, helping guests with their inquiries and responding to their inquiries about automobiles, technology, and accessories.
What is the annual salary of a Ferrari salesperson?
Ferrari Sales Representatives make $91,000 per year, or $44 an hour, which is 76% more than the $41,000 per year national average salary for all Sales Representatives and 32% more than the average salary for all working Americans. Dania Furniture pays its sales representatives the highest salaries ($246,000 yearly), while Shoe Show pays the lowest salaries ($13,000 annually).
Who or what is Porsche Digital?
This technological advancement brings the Porsche magic online. It develops technological advances and concepts for online businesses from nine different locations worldwide.
Porsche Digital GmbH, the company’s technology and digital division, was established in 2016. Its goal is to improve current goods while also discovering and scaling new digital business models. In order to achieve this goal, the Porsche AG subsidiary creates technologically cutting-edge business solutions, develops digital products and services, and acts as the engine of the online ecosystem. Porsche Digital uses its global network of nine innovation centers to access innovative business concepts outside the corporation. Palo Alto, Atlanta, Barcelona, Berlin, Zagreb, Tel Aviv, Shanghai, and Beijing are the locations of these. Its main office is in Ludwigsburg, which is located around 20 kilometers north of Stuttgart.
Focusing on finding promising tech and digital start-ups, Porsche Digital. In close cooperation with Porsche Ventures, the company serves as a strategic partner and grows the businesses in its portfolio.
Additionally, Porsche Digital launched Forward31, a company builder, in 2019 and began a joint venture with Axel Springer, a media company, to launch APX, a Berlin-based early-stage start-up investor, in 2018.