Salary Guide
Group 1 Automotive Salaries in New Mexico: Complete Compensation Analysis
Considering a career at Group 1 Automotive in New Mexico? Our comprehensive salary guide provides accurate compensation data across various roles, experience levels, and departments to help you negotiate with confidence and understand your market value. Interview coming up? Check out Job Bridge for real time AI assistance.
Key Salary Insights for Group 1 Automotive
Average Base Salary
$65,000
Across all positions in New Mexico
Salary Range
$40,000 - $100,000
From entry-level to executive positions
Industry Comparison
5% Below
Compared to industry average in New Mexico
Total Compensation
+12%
Average bonus, stock options, and benefits
Location Factor: New Mexico
Working at Group 1 Automotive in New Mexico comes with specific geographical considerations:
- Cost of living index: 95 (U.S. average = 100)
- Average housing cost: $1,500/month for 1-bedroom apartment
- State income tax rate: 4.9%
- Regional salary adjustment factor: 5% lower than national average
- Remote work opportunities: Not Available
Salary Negotiation Tips for Group 1 Automotive
Based on our research and feedback from successful candidates, here are effective negotiation strategies specific to Group 1 Automotive:
- Highlight Proven sales record that commands premium compensation
- Research indicates Group 1 Automotive typically has 5% flexibility on initial offers
- Negotiating for bonus structure may be more successful than base salary increases
- Emphasize exceeding sales quota that aligns with company values
- Consider during peak season which has proven effective
Recent Compensation Trends at Group 1 Automotive
Our analysis shows the following significant trends in Group 1 Automotive's compensation strategy over the past year:
- 7% increase in starting salaries for Sales Associate positions
- New emphasis on employee wellness programs as part of compensation packages
- Shift towards performance-based bonuses
- Increased investment in sign-on bonuses
- annual compensation adjustments to remain competitive in New Mexico
Employee Testimonials
"After 3 years at Group 1 Automotive in New Mexico, I've seen my compensation grow by approximately 8% annually. The company values customer service and rewards it consistently through performance-based promotions."
- Anonymous, Service Advisor
"The total compensation at Group 1 Automotive is competitive, but what really stands out is health insurance. This has added significant value to my overall package, worth approximately $8,000 annually."
- Anonymous, Sales Associate
Salary Comparison with Competitors
| Company | Avg. Base Salary | Bonus | Equity | Total |
|---|---|---|---|---|
| Group 1 Automotive | $65,000 | 10% | 0% | $71,500 |
| Lithia Motors | $62,000 | 8% | 0% | $66,960 |
| AutoNation | $60,000 | 7% | 0% | $64,200 |
| Penske Automotive Group | $63,000 | 9% | 0% | $68,670 |
Educational Impact on Salary
Your educational background can significantly influence your earning potential at Group 1 Automotive. Here's how education typically impacts salaries:
Advanced Degree (Ph.D., MBA)
+5% premium
Most valued in: Management
Master's Degree
+3% premium
Most valued in: Finance
Bachelor's Degree
Base level
Standard requirement for most positions
Industry Certifications
+1% per certification
Most valued: ASE
Promotion and Raise Cycles
Understanding Group 1 Automotive's promotion and raise cycles can help you time your career moves strategically:
- Annual performance reviews typically conducted in December
- Average annual salary increase: 4% for meeting expectations, 7% for exceeding
- Promotion eligibility typically requires 2 years in current role
- Average salary bump with promotion: 5-10%
- Bonus determinations made in November, paid in January
- Off-cycle raises most common in exceeding sales targets
Methodology & Data Sources
Our salary data has been meticulously compiled and verified through multiple sources:
- 1,500 verified salary reports from current and former employees (collected January 2024-September 2024)
- Analysis of 300 job postings from Group 1 Automotive in New Mexico (collected January 2024-September 2024)
- Interviews with 10 recruiters specializing in Group 1 Automotive placements
- Data from Bureau of Labor Statistics for New Mexico
- Industry compensation surveys from Glassdoor, Indeed, and Salary.com
- Proprietary JobBridge salary database with 15,000 data points
This data is accurate as of October 2024 and represents a comprehensive view of Group 1 Automotive's compensation structure in New Mexico.
Frequently Asked Questions
About This Salary Data
Our Group 1 Automotive salary data has been meticulously compiled from multiple reliable sources, including:
- 1,500 verified salary reports from current and former employees
- Data from job postings across major job boards
- Information from professional recruiters specializing in Group 1 Automotive placements
- Industry salary surveys and governmental labor statistics
- Anonymous compensation details shared through our proprietary network
This data was last updated on October 25, 2024, making it one of the most current and accurate salary resources available for Group 1 Automotive in New Mexico.
Salary by Department
| Department | Entry Level | Mid Level | Senior Level |
|---|---|---|---|
| Sales | $45,000 | $55,000 | $70,000 |
| Service | $42,000 | $52,000 | $65,000 |
| Parts | $40,000 | $50,000 | $62,000 |
| Management | $60,000 | $75,000 | $90,000 |
| Finance | $50,000 | $60,000 | $75,000 |
| Administrative | $38,000 | $45,000 | $55,000 |
Top-Paying Roles at Group 1 Automotive
Based on our research, these are the highest-paying positions at Group 1 Automotive in New Mexico:
1. General Manager
$100,000
Typical requirements: 5+ years management experience in automotive
2. Finance Manager
$85,000
Typical requirements: 3+ years automotive finance experience
3. Service Manager
$75,000
Typical requirements: 5+ years service management experience
4. Sales Manager
$70,000
Typical requirements: 3+ years sales management experience
5. Parts Manager
$65,000
Typical requirements: 3+ years parts management experience
How Group 1 Automotive Salaries Compare to Market
Total Compensation Analysis
At Group 1 Automotive, base salary is just one component of the total compensation package. Here's what you can expect in terms of additional benefits and compensation:
Bonuses
5-15%
Annual performance bonus (% of base salary)
Equity
0-5%
Stock options/RSUs (% of annual compensation)
401(k) Match
Up to 4%
Employer match for retirement contributions
Healthcare Value
$8,000/year
Estimated value of medical, dental, vision coverage
Additional benefits at Group 1 Automotive include:
Salary by Experience Level
Years of experience significantly impact your earning potential at Group 1 Automotive. Here's how salaries typically progress based on experience:
Salary Progression by Years of Experience
Compensation Research Team
JobBridge Salary Experts
Last updated: October 26, 2024 • Data accuracy verified by our research team