GM Volt Sales Artificially Inflated As Dealers Sale To Other Dealers For Tax Credits

Discussion in 'Current Events' started by Publius1787, May 27, 2011.

  1. Publius1787
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    Publius1787 Gold Member

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    GM 2011 Volt Sales Artificially Inflated As Dealers Sale To Other Dealers For $7,500 Tax Credits

    I heard it on the local news and I had to see it for myself!


    GM sales are artificially inflated as Dealers sell the new Chevy Volt to other Dealers for the $7,500 tax credit plus any applicable state tax credits which exists in many states. Here is an example of a new 2011 Used Chevy Volt with only 11 miles on it. Used 2011 Chevrolet Volt for Sale by Capitol Chevrolet or this one with 131 miles on it. 2011 Crystal Red Metallic Tintcoat Chevrolet Volt Base Hatchback for Sale in Raleigh, North Carolina , 1G1RD6E47BU102121 with 131 miles for $0 - New Car Auto Classifieds or this one with 293 miles. Used 2011 Chevrolet Volt 5dr HB for sale in Phoenix, AZ 85014 or this one with 10 miles on it Used 2011 Chevrolet Volt For Sale | Chicago IL | Serving Oak Lawn, Glenview and Elmhurst or this one with 4 miles on it. 2011 Used Chevrolet Volt Hatchback at Multi Chevrolet Serving Union, NJ | Buick, Cadillac, Geo, GM, GMC, HUMMER, Oldsmobile, Pontiac, Saab, Saturn, Subaru, IID 6687189

    Note that these cars are all used and that GM is owned by the federal government. So why dont they sale these cars for $7,500 less instead of adding a $7,500Tax Credit? Well because GM can make more money this way (helping auto unions) and Barack Obama can come back to tout his artificial success when sales go up. Not to mention his effort to drive gas prices sky high which is yet another incentive. The problem is that the sales are inflated as the Dealers are buying volts from each other and selling them as used which gets Chevy out of its new car perks and allowes dealers to cheat the system and scam their customers. Keep this in mind when they say there is a demand for electric vehicles so the government needs to invest more money is this crappy car that gets 30 miles on electric and 30mpg on expensive premium fuel. Not to mention that the batteries cost a fortune and repairing the car costs way more than a normal car. And if that werent bad enough it costs $41,000 after the tax credit WHICH IS STILL TENS OF TOUSANDS HIGHER THAN ITS TOYOTA COUNTERPART WITH BETTER GAS MILEAGE! Why buy a Volt when you can buy a Toyota Prius that gets 20 more miles to the gallon (50mpg) than the Volt and costs $20,000 less? Even with all that bailout money those union workers cant prduce a better and cheaper car than Toyota!
    http://steinbergfiles.com/?p=711 ................. The 3rd Generation Toyota Prius Hybrid


    What a bunch of losers. Theyre losing money on it! So the taxpayers are getting scammed, GM is going further in to debt, and now the customers are getting scammed too. Its a lose lose lose all around. GM Confirms, Yes, We're Losing Money on Every Volt We Build

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    More used Volts. Some with 0 miles.
    Used Chevrolet Volt For Sale Houston, TX - CarGurus
    Used Chevrolet Volt For Sale Baltimore, MD - CarGurus
    Used Chevrolet Volt For Sale Chicago, IL - CarGurus
    Used Chevrolet Volt For Sale Los Angeles, CA - CarGurus
    Used Chevrolet Volt For Sale Dallas, TX - CarGurus
    Used Chevrolet Volt For Sale Philadelphia, PA - CarGurus
    Used Chevrolet Volt For Sale Phoenix, AZ - CarGurus
    Used Chevrolet Volt For Sale Portland, OR - CarGurus
    Used Chevrolet Volt For Sale San Francisco, CA - CarGurus
    Used Chevrolet Volt For Sale Washington, DC - CarGurus









    Here is what a normally used 2011 car looks like. look at the difference in the mileage!
    Used 2011 Chevrolet Silverado 1500 LS For Sale | Decatur IL
    Used 2011 Chevrolet Traverse LT1 For Sale | PCC28969
    Used 2011 Chevrolet Equinox LT w/1LT For Sale | Medford OR
    Woody's Automotive Group: Used 2011 Chevrolet HHR For Sale in Missouri
    Used 2011 Chevrolet HHR LT For Sale | Dayton, Troy, OH FPK13110
    2011 Chevrolet Impala for sale in Mena, AR – Bob Carver's Cars and Trucks
    Used 2011 Chevrolet Equinox LT w 1LT (Gold SUV) Ruston, Louisiana
     
    Last edited: May 28, 2011
  2. Zander
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    Zander Platinum Member

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    I have yet to see one on the road. How many have they sold? 1000?
     
  3. Charles_Main
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    Charles_Main AR15 Owner

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    They can't sell it for 7500 Cheaper because it cost way to much to make. It's not worth the price tag. GM is not making much at all on them. It's a pipe Dream Money pit that needs more work before it is going to be a viable, profitable option.
     
  4. TheBrain
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    TheBrain BANNED

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    The OP makes no sense and shows a lack of understanding of the way automobile sales work.

    Dealerships are not owned by the manufacture so likewise the inventory on their lots do not belong to the manufacturer. Car dealers have to buy those vehicles from the manufacturer. Now they actually borrow the money , and sometimes from GM themselves , but they own the inventory. GM gains nothing by having a vehicle that they have already sold being sold a 2nd time. It is ONLY counted as a new vehicle sale ONE time.

    And of course GM is losing money on every Volt sold, but that's not really that big of deal b/c in the long run their short term losses will pay off in lowering the cost of the technology. Sony did the same thing with the PS3 at the beginning of its life cycle and now they are reaping HUGE benefits from the BluRay technology.
     
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  5. Quantum Windbag
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    Quantum Windbag Gold Member

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    The OP is about getting free money from taxpayers by selling cars, you are the one that does not understand how it works.
     
  6. TheBrain
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    TheBrain BANNED

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    NO ONE is getting free money. GM is losing money on sales and consumers are paying a premium on vehicles that the government is giving them a tax break for. NO ONE is getting tax payer money out of the deal.
     
  7. Political Junky
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    Political Junky Gold Member

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    Disclosure from your link:

    The Steinberg Files is a conservative political and legal website, maintained by Professor David Steinberg. Coypright reserved on all original postings. We welcome all political and legal views. Please enjoy the site, and feel free to participate.
     
  8. Quantum Windbag
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    Quantum Windbag Gold Member

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    You get a direct tax credit of $7500 from the US government if you buy a Chevy Volt, and an additional $5000 if you happen to live in California. That money goes to the buyer of the car when they file their tax return. That means that a dealer can buy the car, get the credit, and sell the car as used, pocketing $12,500 from the government.

    Want to try again?
     
  9. Publius1787
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    Publius1787 Gold Member

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    The cars are used. Dealerships are buying from other dealerships for the tax credit then selling it used for a higher price than a new car.
     
  10. Publius1787
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    Publius1787 Gold Member

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    I copied absolutly nothing from his webpage so whats the deal? I went to college a few years back and Ive written enough papers to know how to avoid plagerism. But at least you visited a reference. It was posted to complement the op.
     
    Last edited: May 28, 2011

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