Small Business Resources, Business Advice and Forms from AllBusiness.com

Federal 'SUV' Tax Break Fuels Brisk Sales of Large Vehicles in Maine.

By Chuin-Wei Yap, Kennebec Journal, Augusta, Maine Knight Ridder/Tribune Business News

Mar. 4--Some central Maine car dealerships are reporting a spike in sales of sport utility vehicles and light trucks because of the sharply increased interest in them.

The fever is fueled by a federal tax deduction that gives business owners up to $100,000 on new or used vehicles weighing more than 6,000 pounds. The growth comes on the back of a resilient auto market last year -- unusual for an economy more accustomed to hearing about job losses.

"At all o

In addition, make sure to read these premium articles also available with your free trial:

T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • Should I Deduct My Charitable Contributions at Tax Time?
    • Learn how to correctly deduct charitable contributions from your taxes.
  • SUV tax loophole good while it lasted, dealers say
    • The federal tax law passed last year opened a loophole so big that a small-business owner could drive a Hummer through it or at least, drive one off a car lot much easier. The law allowed a business to write off as a business expense up to $100,000 of the ......
  • Japanese car firms' American HQ post sales advances so far this year.
    • Despite a strong yen and a general slowdown of automobile purchases at home and abroad, the three South Bay-based Japanese auto sales divisions are well ahead of last year's pace in terms of moving vehicles. Torrance-based American Honda Motor Co. led the pack in sales gains, selling 454,764 cars through ......
  • 'Alternative' is the key word for autoindustry: state auto sales down, rebound possible by2009.
    • In its recently released California Auto Outlook, the California Motor Car Dealers Association made a most lofty prediction--by 2009, it expects the state's automotive industry to rebound from its sales slump. One reason for the prediction is that the gap in sales between last year and this year is narrowing....
  • Tax break for SUVs drawn and quartered
    • SYRACUSE - Area auto and truck dealers arc bracing for the impact of new federal legislation that will eliminate the much publicized $100,000 SUV tax break, or loop hole as its critics call it. On Oct. 11 the U.S. Senate approved a corporate tax-cut bill that includes an amendment that ......
  • Michigan man buys three CNY auto dealerships
    • SYRACUSE - There's a new boss at the two Syracuse-area Saturn automobile dealerships and at the General Motors' dealership in Auburn.
  • Local auto sales recover.
    • The local auto market enjoyed its best month of the year in October 2004, recovering from a lackluster September as a result of Tropical Storm Jeanne's passage through Puerto Rico, reports Caribbean Business (Dec. 25, 2004). With 11,646 units sold in all categories, local auto sales in October were 11.7% ......

Video

Forms

Blogs

  • SUV (SUCH UNHEALTH VINTAGE)
    • Passenger car production currently numbers approximately 40 million cars per year with American vehicles leading the way in car emissions.
  • ECONOMIC REPORT: RETAIL SALES ARE DOWN - SO WHAT DO YOU DO?...
    • By now you may have heard the news -- retail sales were down significantly in June - down way more than expected. So what does that mean to you, the small business owner? It means less free cash for your customers to spend in your store. It's time once again ......
  • When is a "Valid Form of Identification" no Longer Valid?
    • According to our Homeland Security Department, legitimate citizens of three of our great 50 states will no longer be able to travel after May 11, using their state issued driver's licenses as a valid means of identification.
  • Retailers in Maine Launch "Buy Local´ Campaign
    • Carol Ness wrote in yesterday´s San Francisco Chronicle about the current push by Whole Foods Market to buy more of its produce locally. The grocer now requires all its stores to buy "out the back door" from at least four individual farmers, Ness reported. From Austin, Texas, where Whole Foods ......
  • All Bloggers
Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.