Right here’s the tradeoff for workers within the automotive retail sector in the USA: lengthy hours for extra money.
Much more cash, truly.
Within the current Automotive Information Dealership Wage Survey, vehicle retail professionals pulled in an annual common pay of $200,200 final yr — almost thrice greater than what the typical American made in 2022.
However there was a “however,” the survey confirmed: That quantity of revenue required devoting a 50-hour-plus workweek. And it reported a big disparity in pay between women and men in the identical area, with males making almost $219,000 and ladies making solely 66 % that a lot — amounting to a yearly distinction of $74,300.
The report’s science is considerably questionable. Trade commerce journal Automotive Information famous that it isn’t complete of all dealership worker pay. Extra managers responded to the survey than staff, and the typical respondent had greater than 27 years within the business, indicating greater pay.
Additionally, the Automotive Information Dealership Wage Survey’s respondents had been 85 % male and 13 % feminine. Automotive Information and associate agency Analysis + Information = Insights surveyed greater than 1,000 franchised dealership professionals from Aug. 1 to Oct. 26 throughout final yr.
Concerning hours, males stated that they clocked a median of 52.2 hours per week, and ladies 49.7 hours. In distinction, the typical U.S. worker spent 38.6 hours at work in 2022, based on the most recent Census Bureau information shared by the U.S. Bureau of Labor Statistics. “Youthful generations wrestle with hours, strain and objectives,” a Era X basic supervisor at a Mercedes-Benz retailer in Ohio stated within the survey.
Advantages compensated for a few of these points, nevertheless. Almost two-thirds of the retail staff surveyed reported an employer match or fee right into a retirement plan, and at the least half reported having employees’ compensation, paid sick go away, household reductions on automobiles, and life insurance coverage.
A few third stated that they believed the business supplied them good profession prospects. A number of respondents additionally submitted feedback noting they entered the enterprise for the cash. “I wanted a job that paid higher than McDonalds, and that was that,” wrote an city Florida vendor principal at a retailer promoting Hyundai, Genesis, Chrysler, Jeep and Subaru automobiles. Amongst model varieties, luxurious car dealerships paid on common the very best salaries, with $222,600 anticipated for his or her employees in 2023, the survey stated.
The complete report, together with related chart information, could be accessed right here. A subscription is required.
