Quote:
Originally Posted by ryan stewart
It's very good, but it's not a full-time salary. Right now you're in the peak of your industry and possibly the peak of your career.
Back when I worked in consulting I saw a lot of guys wash out because they didn't plan for the lean times, make sure you do.
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THIS!
Mosaud1998 I have been in car dealerships all my career (25+)
Thats great for starting out but I caution you of this. I have made well over 6 figures and I have almost been bankrupt and foreclosed on my home outside Milwaukee (obv not far from you)
The car market changes drastically and right now you are in some of the highest margins ever. Especially in a major metro area like Chicago. I assume your dealer probably has huge market adjustments right now. Remember inventory is going to run out, or the gross will go back to normal.
Back in 08-11 my department was rocking at an all Highline dealer outside Milwaukee but no one was buying new cars b/c of the recession. My dealer froze everyones wage increases for 3 years. I had just moved there and was due a high increase from straighting the ship and turning a profit. Well, as mentioned before I got in over my head on a house and almost lost it all.
Plan for a rainy day buddy b/c it will come in this industry. It was something I never did. Made stupid money as a 25yr old living on the east coast. I wish I knew then what I know now......just be careful is all I will advise and dont let the good times go to your head.
Congrats on the success.....12-14/month is a strong number