It depends on the size of the dealership the skill of the manager the type of dealership ownermanagement staff but as a general rule finance managers earn 50 200k per year with most earning about 75k a year. The median or 50th percentile wage was 5365 per hour according to the bureau of labor statistics.
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Based on recent job postings on ziprecruiter the automotive finance manager job market in both and the surrounding area is very active.
Average salary of finance manager at car dealership. The average salary of a general manager of an auto dealership was 132460 per year or 6368 per hour. Salaries for related job titles. Finance manager salary sala.
Filter by location to see finance manager salaries in your area. Salary estimates are based on 15456 salaries submitted anonymously to glassdoor by finance manager employees. Apply to finance manager finance insurance manager general manager and more.
The person responsible for this revenue is called the finance manager or business manager and they are usually the most highly trained and highly paid employees at a dealership. Salary information comes from 16 data points collected directly from employees users and past and present job advertisements on indeed in the past 36 months. People working as an automotive finance manager in your area are making on average 114038 per year or the same as the national average annual salary of 114038.
An early career automotive finance manager with 1 4 years of experience earns an average total compensation of 50932 based on 83 salaries. A career as a car dealership finance manager. Average toyota finance manager yearly pay in the united states is approximately 136618 which is 49 above the national average.
Following 2015s record setting auto sales edmunds suggests that 2016 could be another record breaking year with an estimated 172 million cars and trucks to be sold. 1 but unless you walk into a dealership with a bag full of cash you will need a. This suggests some general managers made significantly more than the typical salary which weighted the mean higher than was is normal.
An entry level finance manager with less than 1 year experience can expect to earn an average total compensation includes tips bonus and overtime pay of 58650 based on 122 salaries. The national average salary for a finance manager is 100535 in united states. An entry level automotive finance manager with less than 1 year experience can expect to earn an average total compensation includes tips bonus and overtime pay of 46084 based on 8 salaries.
For the auto industry this is the best of times. The average revenue a dealership makes on these back end products is around 1000 per vehicle but can easily be as high as 5000. An early career finance manager with 1 4 years of experience earns an average total compensation of 74990 based on 1813 salaries.