New Cars and the Stimulus Bill

The recently enacted Federal Stimulus Bill will give tax incentives for the purchase of new vehicles. These tax credits can still be combined with the previously existing $1,300 tax deduction for any 2009 Jetta TDI or Sportwagen TDI. Here's how it works:

Effective 2/17/09-12/31/09

Deductible taxes: State or local motor vehicle sales (use tax) or excise taxes imposed on the purchase of a NEW motor vehicle.

Who qualifies? Individuals with modified adjusted gross income of less than $125,000 or joint-filers making less than $250,000 in 2009. The deduction is allowable for the alternative minimum tax.

What New vehicles qualify? Any new vehicle under 8,500 lbs GVW of any model year. Only the first $49,500 qualifies for the full deduction.

For example:

A person purchasing a 2009 VW Touareg for $45,000 would pay $3,474 in taxes if they lived in the city limits of Denver. Hypothetically if they were in a 30% tax bracket they would save $1042 in federal taxes and additionally more on their Colorado state income taxes.

Emich up in down market

Despite the troubling economic times Emich VW triumphed in January. In a new vehicle market that was down 37% to the lowest figures in 27 years Emich VW was up 56% year over year. We were also able to increase used vehicle sales and parts sales by over 17%. The service department was flat year over year which is truly a testament to their execptional level of service creating loyal customers.

Great January!

Congrats to John Morse and the Parts Department for being one of the top 10 performing VW parts departments in the nation. Dave Guttenberg and the used car department should also be recognized for finishing 9th in the nation for Certified Pre-Owned VW sales. Chris Kelley and the new car department was once again number one in the region for new Volkswagen sales.