Last post on Apr 13, 2012 at 8:57 AM
You are in the Automotive News & Views-Archives
What is this discussion about?
Chevrolet Volt, Car Buying, Electric Cars, Automotive News, Legislation
#16 of 48 Volt sales dismal
Jun 01, 2011 (4:38 pm)
Pretty bad when you are buying your own vehicles you still only sell 481 in the month of May. It could be that dealers in states that did not get them are buying and offering at MSRP to people that think they are a great deal at any price.
First 5 months of 2011 Chevy has sold a total of 2184. Probably half to other dealers. Time to end the program and give US our $billions spent on R&D for the Volt.
#17 of 48 Re: Volt sales dismal [gagrice]
Jun 02, 2011 (4:36 am)
Yet, the spin doctor paid shills and their coordinated attack on the internet forums have been plugging the Volt as a compplete success while the Nissan Leaf, which outsold it is supposedly a failure...
#18 of 48 Re: Volt sales dismal [anythngbutgm]
Jun 02, 2011 (5:04 am)
Never heard the Leaf being touted as a dismal failure. Just simply never heard anything about it good or bad.
#19 of 48 Re: Volt sales dismal [lemko]
Jun 02, 2011 (5:13 am)
2 words, "Range anxiety"... They'll flock to any picture of a Leaf that has run out of juice and flood the forums with it. Then follow it up with some comment about tow trucks or how those owners deserve it for their stupidity of buying one, or how they bought an inferior vehicle all the way up to when Nissan should cancel the thing all together because it's nothing more than a glorified golf cart...
But, as soon as the all electric Volt arrives, the concept will be raved about by these same people and "range anxiety" will be an just an exaggeration...
Btw, I am a member of C&G, GMI and a few other GM boards so I read this stuff alot.
#20 of 48 tempest in a teapot ?
Jun 06, 2011 (1:39 am)
Sounds to me like FUD from H8Rs.
Car shoppers know there is a 7500$ tax credit.
We will subtract it from our offering price or lease-payments no matter whether seller calls the Volt used or new.
over time, as the cars get more used, the buyers will pro-rate/subtract a lesser portion of the $7500 from their offers.
Jun 07, 2011 (5:57 am)
Chevy Volt Tax Credit Flap's A Flop
John O'Dell ferrets out the facts. "The column by a blogger for the National Legal and Policy Center was more about politics than fair play.
it would be illegal for a dealer who bought and registered a new Volt, collected the credit and then sold the car as a used vehicle to tell the new owner that he or she would get a tax credit. We've combed the Internet looking for complaints about that kind of nefarious behavior and haven't found one example yet. The tax code also says that tax credits for advanced technology cars like the Volt – as well as the Nissan Leaf and Tesla Roadster -- aren't to be claimed if the new-car buyer purchased the car just to resell it."
#22 of 48 Re: Smoke, no fire [steve_]
Jun 09, 2011 (9:15 pm)
Steve, but the charge is not that they are selling it and telling the buyer that credit is still there. The charge is that they are abusing the taxpayer who gave the discount to buyers who want to be responsible in terms of energy consumption.
No laws are broken, but trust between dealerships and buyers has fallen to a new low.
#23 of 48 Re: Smoke, no fire [seaurchin]
by Stever@Edmunds HOST
Jun 10, 2011 (2:22 pm)
Got a link? The take-away I got was that John O'Dell couldn't find any situations that matched that scenario. Easy charge to make but not so easy to prove. Be real surprised if we read any "rejected Volt tax credits" after the next tax season.
#24 of 48 Re: Smoke, no fire [steve_]
Jun 13, 2011 (6:39 am)
Be real surprised if we read any "rejected Volt tax credits" after the next tax season.
There were many on the hybrids. Anyone getting put in the AMT bracket was not allowed the tax credit. Same for the first time home buyer tax credit. So if the dealer takes the tax credit and then sells the car at a price less the credit. He has actually done the buyer a favor. I have hesitated to buy anything with a tax credit as about every other year we end up in that horrible AMT category. 29.3% of households in the $75k to $100k were subject to AMT last year. That is a lot of the people likely to buy a hybrid or EV.
When considering the economics of buying a hybrid car, a shopper’s first best question has nothing to do with gas consumption, maintenance costs, or resale value. Surprisingly, the most important dollars-and-sense consideration is whether or not you pay the Alternative Minimum Tax (AMT). The answer to that question will determine if you qualify for the federal hybrid tax credit—a few hundred dollars or a couple of thousand dollars, depending on the vehicle purchased and when you buy it.
Unfortunately, many of the consumers most likely to buy a hybrid—prosperous but not ultra-wealthy families with kids and mortgages—are the most likely to pay the AMT. Therefore, a core group of hybrid shoppers will not receive the well-publicized tax credit. This loophole calls into question the federal government’s ability and commitment to encouraging consumers to conserve energy by purchasing a hybrid.
#25 of 48 Re: Smoke, no fire [gagrice]
by Stever@Edmunds HOST
Jun 13, 2011 (7:09 am)
That's not the same as the claim that dealers were taxing the credit for themselves and selling nearly new Volts to unsuspecting consumers.
Still no evidence of that eh?