Quick Answer: How Much Can You Make Selling Harleys?

Why are Harleys so expensive?

The main reason Harleys are so expensive is that the company has 40% gross margins and 23% net margins.

In other words, most of what you are paying is pocketed in profits.

The next reason is that they are assembled in America..

What is the profit margin on motorcycles?

23 percentA best practice motorcycle dealership will make a gross profit margin of at least 23 percent. That means for every $100 of sales in the business, gross profit is $23 or more.

What time of year is best to buy a motorcycle?

winterThe best time of the year to buy a motorcycle is during winter. When the sun is gone and the temperature is below freezing, motorcycles aren’t exactly top of mind. This means less traffic for motorcycle sellers and a greater potential for lower prices. This excludes areas where it is summer all year long, like Florida.

How much does a car salesman make a year?

What Is an Average Salary of a Car Salesman? According to the site Payscale.com, the median salary of a car salesman in 2018 was $41,539, with a range of about $19,000 for those earning in the bottom 10th percentile and about $83,000 in the 90th percentile.

What is base salary for car salesman?

According to payscale.com, the average wage for a car sales person is $48,000, but they can also earn an average of $3000 a year in bonuses on top of that, plus an average of $19,888 in commissions. It goes on to say that salary can range from $38K to $55K while commissions can range from $10k to $54K.

Why are Harley sales falling?

With the lack of youth appeal and a fewer people riding motorcycles, sales of Harley Davidson’s motorbikes are on the decline, especially in domestic markets. As new riders are not replacing an aging generation as millennials don’t value the motorcycle status symbol, the firm is having a tough time attracting buyers.

How much can I get off MSRP?

An offer of 3-5% over a dealer’s true new car cost is a very acceptable offer when purchasing a new car. Although it’s not a huge profit, a dealer will sell a new vehicle for a 3-5% margin any day of the week.

How do I become a certified Harley Davidson mechanic?

In order to become a Harley mechanic, one needs the proper training and experience. For starters, a high school diploma is necessary, along with an apprenticeship, in addition to the proper training. Depending on where you want to end up, college or vocational training is also a must.

How much does a Harley salesman make per bike?

$150 per bike for the first 10 delivered each month. Units 11- 15 paid $200 per. 16-20 paid $250; 21-25 were $300. Anything over 25 paid $400 per.

How is Harley Davidson doing financially?

Harley’s retail sales in America were down 3% in the fourth quarter. That’s the 12th consecutive decline. US sales fell more than 5% for the full year. Sales were up slightly internationally, led by a more-than 6% jump in Asia.

Are motorcycle dealerships profitable?

Generally, best practice motorcycle businesses generate approximately 66 percent of gross profit through parts and service, with 34 percent from new and used motorcycle sales.

How much does it cost to start a Harley Davidson dealership?

The minimum requirements that Harley-Davidson looks for when reviewing Prospective Dealer Applications are $2 million net worth and $1 million unencumbered funds (liquid assets). The investment requirements for a sellout of an existing dealership are often higher than $1 million unencumbered funds.

Is Harley Davidson owned by Kawasaki?

Harley Davidson acquired by Japanese owned Kawasaki Motor Company LTD. Milwaukee, April 1, 2014 — Harley-Davidson, Inc. (HOG) has announced agreement to be acquired by Japanese owned Kawasaki Motor Company LTD today, Tuesday, April 1, 2014 for an undisclosed sum.

How much do motorcycle salesmen make?

Motorcycle Sales SalariesJob TitleSalaryHarley-Davidson, Inc. Motorcycle Sales salaries – 1 salaries reported$10/hrSurdyke Harley-Davidson Motorcycle Sales salaries – 1 salaries reported$22,716/yrLaidlaw’s Harley-Davidson Sales Motorcycle Sales salaries – 1 salaries reported$11/hr17 more rows

How are Harley Davidson sales?

But the declining new motorcycle sales aren’t all bad news for Harley-Davidson dealers. … For the first six months of 2020, Harley reported revenue of $2.16 billion, which was a 28% decrease from the same period of 2019.

What is the average salary for a Harley Davidson mechanic?

Additional InformationAverage Wage$35.45 / hrAverage Salary$73,786.00 / yrHours Per Week40.1 hrs

What is the most sold Harley Davidson?

In 2017, the Street 750 was one of the highest-selling motorcycles overall, not just compared to other Harley models. People loved this bike because of its sleek design and power. Another consistently high seller is the Sportster.

How much do Harley Davidson sales associates make?

Salary satisfaction The average Harley-Davidson salary ranges from approximately $42,691 per year for Salesperson to $82,119 per year for Sales Manager. Average Harley-Davidson hourly pay ranges from approximately $10.00 per hour for Salesperson to $13.56 per hour for Service Advisor.