Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (173783)	12/26/2008 5:17:49 PM
From: bigfishy	Read Replies (1) \| Respond to of 306849

RE "isn't it normal to get an uptick in sales right before the end of year? people buying cars/trucks for business looking for the tax write off?" A "bonus depreciation" deduction available only for 2008 allows you to claim up to $10,960 in depreciation for a new automobile or $11,160 for a light truck or van placed into service in 2008. Considered it myself, but ultimately passed on any more debt.

To: MulhollandDrive who wrote (173783)	12/26/2008 5:18:04 PM
From: Patricia Trinchero	Read Replies (1) \| Respond to of 306849

The end of the year is usually terrible in the car business. Jan 1 is when heads tend to roll, so to speak. Businesses do not have excess profit this year and that's what might make a business owner buy at the end of the year. I think that people who were thinking about buying decided to invest in America. I will get more info from the source soon as we have multiple friends who are GM's of various dealerships. A FORD manager came by on Xmas and told us that business went way up, to his amazement. He is linked to a GM dealership ( owned by the same man ). That same man may buy a Chevy dealership that's tanking in a nearby city......which will give my hubby extended territory, so we are happy!