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

[Publius1787]

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

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

 

[Zander]

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

 

[Charles_Main]

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.

 

[TheBrain]

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.

 

[Quantum Windbag]

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

 

[TheBrain]

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

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.

 

[Political Junky]

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 TOUSANDS HIGHER THAN ITS TOYOTA COUNTERPART! 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

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

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.

 

[Quantum Windbag]

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

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.

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?

 

[Publius1787]

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.

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.

 

[Publius1787]

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 TOUSANDS HIGHER THAN ITS TOYOTA COUNTERPART! 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

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

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.

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.

 

[FA_Q2]

deleted because posted in wrong location

 

[Quantum Windbag]

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 TOUSANDS HIGHER THAN ITS TOYOTA COUNTERPART! 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

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

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.

I copied absolutly nothing from his webpage so whats the deal?

She doesn't like the link because it is not a liberal site.

 

[FA_Q2]

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

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.

GM is losing money (and there is no future benefit as in the PS3 because that is a different market BTW) but the DEALERS are getting the free cash and fleecing the government by using a tax law that is supposed to encourage electric car sales and instead funneling the cash to those that are SELLING the cars.

 

[Publius1787]

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.

I copied absolutly nothing from his webpage so whats the deal?

She doesn't like the link because it is not a liberal site.

Ah. I see. The information is fine but since it was written by a conservative the facts arent relevent.

 

[TheBrain]

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

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.

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?

They get a tax CREDIT, no one gets cash, they get a credit on their tax bill. Actually Obama and friends are trying to change that so that people get the cash up front in the form of a rebate when they buy a vehicle, but as it stands NOW it is a tax CREDIT

 

[Publius1787]

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.

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?

They get a tax CREDIT, no one gets cash, they get a credit on their tax bill. Actually Obama and friends are trying to change that so that people get the cash up front in the form of a rebate when they buy a vehicle, but as it stands NOW it is a tax CREDIT

Its going to be funny when the dealerships do their taxes and claim the credit. Its kinda like when John Stossel got a free government subsidised Golf Cart. The company that made those golf carts are still on back order til this day.

 

[FA_Q2]

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.

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?

They get a tax CREDIT, no one gets cash, they get a credit on their tax bill. Actually Obama and friends are trying to change that so that people get the cash up front in the form of a rebate when they buy a vehicle, but as it stands NOW it is a tax CREDIT

Really! Do you not understand what a tax credit is or how they work? I got a tax credit on my hose too. I guess that 8K wasn’t real money. My bank might be upset with that news…

 

[Publius1787]

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

Hell if I know but theyre scamming the consumer and the taxpayers and the only ones who seem to benefit is the Auto Union and Obama. No doubt the media will help him reguardless of the facts.

 

[Quantum Windbag]

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.

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?

They get a tax CREDIT, no one gets cash, they get a credit on their tax bill. Actually Obama and friends are trying to change that so that people get the cash up front in the form of a rebate when they buy a vehicle, but as it stands NOW it is a tax CREDIT

A tax credit that counts toward your refund. If you owe no money in taxes they send you a check. If you are a dealer that buys, let's be reasonable, 10 cars and then sells them all as used, you get the credit of $75,000 from the feds, another $50,000 grand from the state of California, and someone else ends up paying your taxes for that quarter. Then you get to sell the Volts to other people and keep all that money.

 

[B. Kidd]

The name of the car needs to be changed to the 'Chevy Dolt'.
Supported by dolts and driven by dolts.