With the new car sales tax, many car dealerships are finding it hard to attract top talent because of the additional cost. The salary of a car dealership manager can increase dramatically as a result of the new tax.
The problem with the new tax is not just that it’s expensive, but that it also has the unfortunate side effect of making it almost impossible to find a good job with a high salary. A recent study by McKinsey and Company says the new tax is actually the third most important factor keeping the US job market from heating up. They found that if the tax were eliminated, there would be roughly 1.4 million jobs lost by the end of the year.
But the good news is that if you’re willing to pay more for a car dealership manager, you can get your boss to pay more for that manager’s salary.
If you have the right manager, you can get a lot of money for your salary. Most of the top finance directors make around $200,000. In the UK, the median salary for a finance director is £65,000, or $87,000.
The average finance director in the US is roughly 65,000. They make way more than that in Europe, so that’s why you see more of them in the US, but they’re also not as common there.
The salary for those in finance is often used as a proxy for a lot of things. For example, if you make a lot of sales, you can be more competitive for better salary. If you make a lot of customer service, you can get yourself a better salary. With finance directors, the amount they make is what they say it is, and the actual amount they said it was is rarely different from what they said it was. You can get a lot more than that.
The finance director, or finance manager, is an executive in a company who handles daily operational, financial, and/or administrative matters. He or she is usually in charge of keeping accounts, making payments, and hiring employees. The salaries are often quoted as an average salary but many executives don’t make that kind of salary. Instead, they are paid based on their performance, which can be quite high (they can be very rich if they perform well).
The difference between a finance director and a senior management (GM) executive is that the finance director is a professional manager, whereas most GMs are hired not to manage but to make the money. In finance terms, that means they are in charge of making sure each employee receives their compensation, and they are also in charge of allocating funds for their employees.
In the finance department at CarMax, the top salary is $50,000, and the manager on the team that makes that salary is the president of a dealership. The GMs at the bottom of the chain, who are called “the car people,” are paid $15,000 or less. The finance director at CarMax is paid an average of $50,000.