Last month GM sold 1,108 Volts - it's largest monthly sales number to date ... actually outselling the Nissan Leaf - which may still be suffering from Japan's Earthquake/Tsunami ... or at least more than Volt. In any case, the Volt's sales improvement is still far below GM's original Expectations: Chevy Volt sales falling short of GM's goals - Yahoo! Autos What struck me funny was that apparently dealers will now be selling their demos to you and I: Sprinting to year's end, GM lets dealers sell Volt demos | Hybrid Cars When a dealer sells a Volt to another dealer (and the second dealer takes the tax credit), who in turn uses it as a demo, is it still a new car "sale" ?? ... even if it has 200 or more miles on it? .
So, all demo Volts have been purchased by the dealers from GM? None have been loaned to dealers, with GM retaining ownership? *by the way, you make it sound like 200 miles is a BIG deal
For car industry standard practice it is new if it has never been registered. These cars would have never been registered or sold. Selling of demo cars is a problem with production, not a practice that car companies try to do. There is no secret profit to doing this, car companies do it when they change a model year. If a dealer sells a car to someone who then sells it at a dealership, that is a used car. GM would not endorse this, it is a sleazy practice at the dealership that does it. Dealers will often get unregistered cars from other dealerships.
What you are talking about is one dealership selling the car to another dealership so they can get the 7500 tax break on it. But in order to get that you have to register the car. There for if the second dealership wants to sell the car they have to sell it as used even it if only has a few hundred miles on it. Now from what i read as i am a big volt fan is that the dealership cannot cash in on the tax credit but apprently the dealership had a employee buy the car for them. But the article i read did not have all of the details. But it was something that GM frowned upon the dealership for doing.
For the tax deduction on my 2005 Prius, I had to claim that I'll keep the car for at least years. Selling it before then would lead to losing, and paying back the deduction. Are the credits handled differently.
