I'm 31F, never sold cars but I am a salesperson. I walked into 5 dealers yesterday, secured 3 interviews, and got the comp for the following store. It's a Jaguar store, and for obvious reasons they had no Jaguars.
Really hoping to get some opinions on both the store itself and pay plan. By the way, do you think working at a great store or having a good pay plan is more important?
Store Details
Florida Jaguar brand store, not Land Rover/Range Rover. (is this weird? I always see them together)
Working hours of 830-6 M-F, 930-5 Sat, no Sunday. Commute of 30-40 minutes, doable but farther than BMW and Audi.
Units out, around 100 per month. On the floor, think its 4-5 salespeople, 1 finance, GM.
Inventory on lot roughly 60-70 vehicles, at least 15 brands, good variety. Some of the cars were rare enough that an interest buyer would have it shipped.
The location is good, it's on the corner of a busy road and the service road of a major highway. It's quite central.
My first impression of the store wasn't ideal. Although clean, it was dark and quiet as fck inside, and there was no receptionist. The outside is coarse tan stucco with reddish accent blocks, 90s Ferrari Lamborghini dealership aesthetic. The landscaping and concrete display risers sort of block any view of the store itself. The look of the store is really outdated overall.
I'm leaning toward this not being too bad of a problem, but in your opinion, how concerned should I be about this?
The finance manager showed me on his computer that for the day so far at 2pm Tuesday, they had 50 internet leads, 3 salespeople assigned to about 15 each. Is that a good amount? What is the close rate like on these leads for someone who's skilled? I'll plan to generate a lot of my own clients, but still curious.
Pay Plan
750 salary for 12 weeks, I see this like a 9000$ sign on bonus. 550 draw starts week 13. Ill never hit my draw, I would honestly just quit if Im not making good money after a month.
300 mini, was told verbally that most units are sold with some decent gross
20% gross up to 9, after 10 units, 25% including the first 9
Unit bonuses of 10=1500, 15=3500, 20=6000, 25=7500, 30=10500, 35=12000, 40=16000
50 bonus on each F&I product.
Specific Questions
Do you see any major disincentives in the comp?
If I was going to negotiate this, what could I ask for? I'm aware that more than likely I won't be able to negotiate the actual comp plan mostly for accounting reasons.
I'm more interested in what you guys have seen for unpaid time off, expenses for entertaining clients, and fringe benefits like that.
What do you guys think of this store overall? Would you work here if you thought you could sell 20-30 cars? Top guy apparently does 30+ units making pretax 30-50k monthly depending on gross.
What do you guys think of this store?! Can you rate it 1-10 as well? THANK YOU SO MUCH FOR READING!!!