Economic Stimulus For Auto Dealerships?

From AIADA (American International Automobile Dealers Association) February 18, 2009 ...

"President Obama Signs Auto Tax Deductions into Law Yesterday...

President Barack Obama signed into law the American Recovery and Reinvestment Act of 2009. The new law contains a provision designed to entice auto consumers back into vehicle showrooms.

This provision applies to eligible purchases between February 17, 2009 and December 31, 2009.

Qualifying consumers may now deduct:

· State motor vehicle sales taxes
· Local motor vehicle sales taxes
· Motor vehicle excise taxes Consumer Qualifications:
· Individual taxpayers whose adjusted gross income is less than $125,000 per year
· Joint-filers whose combined adjusted gross income is less than $250,000 per year
· Itemizers and non-itemizers who may deduct taxes "above-the-line" on their federal tax returns.

Eligible Vehicles:

· All new model year vehicles currently on dealers' lots that have no prior purchase history
· New passenger cars and light trucks retailing up to $49,500 may collect full tax deductions. For all vehicles above this price, consumers may deduct sales taxes on the first $49,500
· The vehicle must weigh less than 8,500 pounds total."

The above news couldn't have come at a better time! According to Automotive New, U.S. auto sales are at a 27-year low and for the first time in history, sales have fallen below the number of cars and light trucks in China!

We (Space Coast Honda) are trying our part to promote a sales stimulus in our market area with an Employee Pricing program on all new Hondas -- a little profit is better than none! Unfortunately, the age old law of "supply and demand" has raised its ugly head among many dealerships in the country, showing a significant amount of over supply and lack of demand for new vehicles.

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Introducing Space Coast Honda's New Blog Site...

Introduction



Space Coast Honda serves the Cocoa Area with New, Pre-Owned, and Used Honda Cars and Trucks. The staff at Space Coast Honda is ready to help you purchase or lease a New Honda, Certified Pre-Owned Honda, or Used vehicle.



When you visit our car dealership, expect the superior customer service that you deserve. With years of experience and training, the Space Coast Honda team will get you into the Honda that was built for you. Get the new or certified pre-owned Honda in Cocoa that you have been dreaming of by calling (888) 711-9671 or visiting Space Coast Honda today. For our Service Department, please call our direct line at (321) 459-3344.


If you're looking for a quality new vehicle at a reasonable price, look no further than Space Coast Honda's selection of new Honda models. Browse our current selection of Honda cars in Cocoa including the Civic, Accord, Pilot, Odyssey, Ridgeline, Element, and S2000. You'll discover plenty of vehicles to choose from, so no matter the type of automobile you're looking for we have something to fit your needs. Call us at (888) 711-9671 and speak to a friendly salesperson today! Our unbeatable selection and pleasant atmosphere make us a leading Civic, Accord, Pilot, Ridgeline, Element, and S2000 dealership for the Cocoa and Brevard County area.


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For a low interest car loan in Cocoa visit our finance department. The Space Coast Honda finance team is here to assist you through the entire car loan process. We are the Cocoa area new and used car dealer that will work to find the finance option that works for you. Start the approval process right now by filling out our secure car loan application online!


You can get original Honda car parts or Honda accessories and professional car repairs from the experts at Space Coast Honda. If you're looking for vehicle maintenance, repairs or parts in the Cocoa region, visit our dealership for the professional service you deserve.



We're located at 1885 W Highway 520, Cocoa, FL, or you can call us at (888) 711-9671 if you have any questions.



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