Ford bests Toyota & other auto/tax news

May 2, 2009

Well, here's an unexpected bright spot for U.S. automakers:
Ford outsold Toyota for the first time in at least a year.

Of course, the rest of the story isn't really that that positive. The American automaker didn't best its Japanese counterpart. Rather, Ford didn't have as big a drop-off in sales as Toyota.

But, hey, any straw for an industry that's grasping.

Toyota saw a 42 percent decline in April, while Ford's U.S. sales fell "just" 32 percent. Meanwhile, the country's top-selling car maker, General Motors Corp., reported a 33 percent drop.

Bankruptcy bargains: Meanwhile, Chrysler is now dealing with bankruptcy. That might be why a Chrysler Dodge dealer in Spring, a Houston suburb, is offering 45 percent off all Dodge Ram trucks.

If you don't live in the Houston area, other Chrysler dealers across the country might be using the same price-cut approach to get auto buyers to at least take a look. If you're a decent haggler, you could drive off with a half-price new truck. When's the last time anyone was able to say that?

Lower price plus tax breaks: There's no 2009 Ram truck on the IRS list of vehicles eligible for the hybrid tax break. However, this year's Chrysler Aspen and Dodge Durango hybrids will each get buyers a $2,200 tax credit. 

Those vehicles are just part of a decent-sized group of 2009 hybrids from a variety of automakers that could pay off for purchasers at tax time.

A quick note about the IRS hybrid list referenced in the previous paragraph. That list was dated March 19. Although it doesn't say so, it looks to be for use when filing 2008 returns. The reason I suspect that is because Honda hybrids purchased in 2009 are no longer eligible for the tax credit. This year marked the complete phaseout of that automaker's hybrid credit. But if you bought a 2009 model last year, you can claim the final, lowest credit amount on your 2008 return, which you might be filing as late as Oct. 15 if you got an extension.

Many other makes and models, however, could still provide you with a tax credit. And that's in addition to the just-enacted sales tax deduction for new car purchases. Not a bad doubling up of tax savings.

Doing the racing double: Speaking of doubling up, my May racing column discusses why NASCAR drivers should be part of two races on the Sunday of Memorial Day weekend. 

You can check out why this fendered/open wheel option needs to return in "Doing Double Duty" in my Truckers News'  Views from the Grandstands column.

Related posts:

Share:

The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

Latest Posts
Don’t miss these June 15 tax filing and paying deadlines

June 14, 2026

June 15 is Tax Day for millions of U.S. taxpayers. Those living and working abroad…

Read More
Tax Season 2026 Continues!

We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments