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post #1 of 27 (permalink) Old 01-15-2006, 04:11 PM Thread Starter
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Default Toyota/Lexus hybrid unit sales history (USA)

edit - deleted, see updated post at end of thread.

-- Michelle Vadeboncoeur, mrv@kluge.net
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post #2 of 27 (permalink) Old 02-24-2006, 08:44 PM
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Default re: total toyota hybrids in US

so Michelle,
when would you expect would be the latest day in 2006
to purchase a toyota hybrid and still qualify for the tax credit?
isn't this when toyota sells 60,000 vehicles in US?

thanks, Mr Pruis,
I have a 2005 Prius, but am looking for another for my wife
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post #3 of 27 (permalink) Old 02-24-2006, 11:45 PM Thread Starter
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Default Re: re: total toyota hybrids in US

Quote:
Originally Posted by mpruis
when would you expect would be the latest day in 2006
to purchase a toyota hybrid and still qualify for the tax credit?
isn't this when toyota sells 60,000 vehicles in US?
1. Assume that you purchase a new Prius (not lease or purchase a used Prius)

2. Assume that you can take the credit (you aren't hit with AMT or similar)

3. Assume that you are asking for the US Federal income tax hybrid vehicle credit (and not asking about some individual states' income tax credits, like for OR or CO or WV or...)

4. Assume that you mean the sunset of any hybrid tax credit for a Toyota vehicle... (Full credit through the quarter after the manufacturer reaches 60,000 US sold hybrids, then 50% of the full credit for the following 2 quarters, then 25% of the full credit for the following 2 quarters, then the credit is gone for that manufacturer's hybrids.)

My guess based on the January 2006 and previous months' US sales data is that the 60,000 units will be sold sometime in 2006Q2. So, full credit Jan. 1 2006 through end of 2006Q3, 50% credit 2006Q4-2007Q1, 25% credit 2007Q2-3, and no credit 2007Q4.

But I may have to revise my estimates when the Feb. sales numbers come in next week, and if I have misunderstood the phaseout period for the US federal income tax hybrid credit.

But, based on my current estimates, you have through the end of Q3 in 2007 to still qualify for the tax credit. (If you mean the full credit, then probably Sept. 30, 2006.)

-- Michelle Vadeboncoeur, mrv@kluge.net
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post #4 of 27 (permalink) Old 06-02-2006, 10:09 AM Thread Starter
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Default Toyota/Lexus hybrid unit sales history (USA)

edit - deleted, see updated post at end of thread.

-- Michelle Vadeboncoeur, mrv@kluge.net
2001 Aqua Ice Opalescent
2004 Black BC
fuel stats: http://www.kluge.net/~felicity/prius.php
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post #5 of 27 (permalink) Old 07-24-2006, 05:29 PM Thread Starter
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Default Toyota/Lexus hybrid unit sales history

edit - deleted, see updated post at end of thread.

-- Michelle Vadeboncoeur, mrv@kluge.net
2001 Aqua Ice Opalescent
2004 Black BC
fuel stats: http://www.kluge.net/~felicity/prius.php
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post #6 of 27 (permalink) Old 08-02-2006, 02:55 PM Thread Starter
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Default Toyota/Lexus hybrid unit sales history (USA)

edit - deleted, see updated post at end of thread.

-- Michelle Vadeboncoeur, mrv@kluge.net
2001 Aqua Ice Opalescent
2004 Black BC
fuel stats: http://www.kluge.net/~felicity/prius.php
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post #7 of 27 (permalink) Old 09-01-2006, 05:32 PM Thread Starter
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Default

edit - deleted, see updated post at end of thread.

-- Michelle Vadeboncoeur, mrv@kluge.net
2001 Aqua Ice Opalescent
2004 Black BC
fuel stats: http://www.kluge.net/~felicity/prius.php
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post #8 of 27 (permalink) Old 09-06-2006, 08:21 AM Thread Starter
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next month I plan to introduce 2 new columns. hopefully it won't be too confusing with the new info.

Current columns:
mon = calendar month
yr = calendar year
sales = hybrid sales that month
cYTD = hybrid sales calendar year to date

New columns:
mmsales = overal model sales that month (hybrid and conventional of model)
%hybrid = percentage of overall model sales that month that were hybrids

Unfortunately, the hybrid sales calendar year to date will no longer be the column at the furthest right, so it will not be quite so easy to do a quick lookup there. But since there is no conventional Prius model, that'll still be easy to read!

I'm still debating about whether to do a model calendar year to date for the months that hybrids are available, and the % of hybrids cYTD, but would like to try this out first...

-- Michelle Vadeboncoeur, mrv@kluge.net
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post #9 of 27 (permalink) Old 09-20-2006, 04:50 PM Thread Starter
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Default phaseout official

http://www.irs.gov/newsroom/article/0,, ... 62,00.html

Quote:
Originally Posted by IRS
Toyota Hybrid Begins Phaseout on October 1

IR-2006-145, September 20, 2006

Washington—The Internal Revenue Service announced today that Toyota Motor Sales, U.S.A., Inc. has submitted quarterly reports indicating that its cumulative sales of qualified vehicles to retail dealers has reached the 60,000-vehicle limit during the calendar quarter ending June 30, 2006. Under the current tax law, the credit for buying a hybrid vehicle begins to phase out during the second calendar quarter after the quarter in which the company sells its 60,000th hybrid or lean burn technology vehicle.

The credit for all new advanced lean burn technology motor vehicles or new qualified hybrid passenger automobiles or light trucks manufactured by Toyota Motor Corporation will begin to phase out on Oct. 1, 2006.

Vehicles purchased before Oct. 1, 2006 qualify for the full credit. For Toyota hybrid vehicles bought on or after October 1, 2006, and on or before March 31, 2007, the credit is 50 percent of the otherwise allowable credit amount. Taxpayers buying vehicles on or after April 1, 2007, and on or before September 30, 2007, can only get 25 percent of the credit.

Here are the credit amounts for Oct. 1, 2006 – March 31, 2007:

2005 Prius — $1,575
2006 Prius — $1,575
2006 Highlander 4WD Hybrid — $1,300
2006 Highlander 2WD Hybrid — $1,300
2006 Lexus RX400h 2WD — $1,100
2006 Lexus RX400h 4WD — $1,100
2007 Camry Hybrid — $1,300
2007 Lexus GS 450h — $775

Here are the credit amounts for April 1, 2007 – September 30, 2007:

2005 Prius — $787.50
2006 Prius — $787.50
2006 Highlander 4WD Hybrid — $650
2006 Highlander 2WD Hybrid — $650
2006 Lexus RX400h 2WD — $550
2006 Lexus RX400h 4WD — $550
2007 Camry Hybrid — $650
2007 Lexus GS 450h — $387.50
Beginning October 1, 2007, taxpayers who buy a Toyota hybrid cannot claim the related tax credit.

Related link: Notice 2006-78
and the related link:
http://www.irs.gov/pub/irs-drop/n-06-78.pdf

Quote:
Originally Posted by IRS
Part III – Administration, Procedural, and Miscellaneous
Phase-out of Credit for New Qualified Hybrid Motor Vehicles and New Advanced Lean Burn Technology Motor Vehicles
Notice 2006-78

SECTION 1. PURPOSE
This notice announces the credit phase-out schedule for advanced lean burn technology motor vehicles and hybrid passenger automobiles and light trucks manufactured by Toyota Motor Corporation.

SECTION 2. BACKGROUND
Section 30B(a)(2) of the Internal Revenue Code provides for a credit determined under § 30B(c) for certain new advanced lean burn technology motor vehicles. Section 30B(a)(3) provides for a credit determined under § 30B(d) for certain new qualified hybrid motor vehicles. Both the new advanced lean burn technology motor vehicle credit and the new qualified hybrid motor vehicle credit begin to phase out for a manufacturer's passenger automobiles and light trucks
in the second calendar quarter after the calendar quarter in which at least 60,000 of the manufacturer's passenger automobiles and light trucks that qualify for either credit have been sold for use or lease in the United States (determined on a cumulative basis for sales after December 31, 2005). Taxpayers purchasing the manufacturer’s vehicles during the first two calendar quarters of the phaseout period may claim only 50 percent of the otherwise allowable credit. Taxpayers purchasing the manufacturer’s vehicles during the third and fourth quarters of the phase-out period may claim only 25 percent of the otherwise allowable credit. No credit is available for vehicles purchased after the last day of the fourth quarter of the phase-out period.

Notice 2006-9, 2006-6 I.R.B. 413, provides procedures for a vehicle manufacturer (or, in the case of a foreign vehicle manufacturer, its domestic distributor) to certify to the Internal Revenue Service (Service) both (1) that a particular make, model, and model year of vehicle qualifies for either the new advanced lean burn technology motor vehicle credit or the new qualified hybrid motor vehicle credit and (2) the amount of the credit allowable with respect to that vehicle.

Section 5.05 of Notice 2006-9 requires a manufacturer (or, in the case of a foreign vehicle manufacturer, its domestic distributor) that has received from the Service an acknowledgement of its certification for a particular make, model, and model year of vehicle to submit to the Service a report of the number of qualified vehicles sold by the manufacturer (or, in the case of a foreign vehicle manufacturer, its domestic distributor) to retail dealers during the calendar quarter. A qualified vehicle is defined for this purpose as any passenger automobile or light truck that is a new advanced lean burn technology motor vehicle or a new qualified hybrid motor vehicle.

In accordance with the section 5.05 of Notice 2006-9, Toyota Motor Sales, U.S.A., Inc. has submitted quarterly reports that indicate that its cumulative sales of qualified vehicles to retail dealers reached the 60,000-vehicle limit during the calendar quarter ending June 30, 2006. Accordingly, the credit for all new
advanced lean burn technology motor vehicles or new qualified hybrid passenger automobiles or light trucks manufactured by Toyota Motor Corporation will begin to phase out on October 1, 2006.

SECTION 3. SCOPE OF NOTICE
This notice applies to any make, model, or model year of new advanced lean burn technology motor vehicle or new qualified hybrid passenger automobile or light truck that is--
(1) manufactured by Toyota Motor Corporation; and
(2) purchased for use or lease in the United States on or after October 1, 2006.

SECTION 4. Credit Amount
.01 In general. If a new advanced lean burn technology motor vehicle or new qualified hybrid passenger automobile or light truck manufactured by Toyota Motor Corporation is purchased for use or lease after September 30, 2006, the allowable credit is as follows:

(1) For vehicles purchased for use or lease on or after October 1, 2006, and on or before March 31, 2007, the credit is 50 percent of the otherwise allowable amount determined under § 30B(c) or (d) (whichever is applicable);
(2) For vehicles purchased for use or lease on or after April 1, 2007, and on or before September 30, 2007, the credit is 25 percent of the otherwise allowable amount determined under § 30B(c) or (d) (whichever is applicable); and
(3) For vehicles purchased for use or lease on or after October 1, 2007, no credit is allowable.

.02 Certified Vehicles. The following tables set forth the credit available on or after October 1, 2006, for hybrid motor vehicles for which Toyota Motor Sales, U.S.A., Inc. received an acknowledgement of its certification from the Service on or before September 19, 2006:
Table 1
October 1, 2006 – March 31, 2007
Model Year Model Credit Amount
2005 Prius $1,575
2006 Prius $1,575
2006 Highlander 4WD Hybrid $1,300
2006 Highlander 2WD Hybrid $1,300
2006 Lexus RX400h 2WD $1,100
2006 Lexus RX400h 4WD $1,100
2007 Camry Hybrid $1,300
2007 Lexus GS 450h $775

Table 2
April 1, 2007 – September 30, 2007
Model Year Model Credit Amount
2005 Prius $787.50
2006 Prius $787.50
2006 Highlander 4WD Hybrid $650
2006 Highlander 2WD Hybrid $650
2006 Lexus RX400h 2WD $550
2006 Lexus RX400h 4WD $550
2007 Camry Hybrid $650
2007 Lexus GS 450h $387.50

Table 3
On or after October 1, 2007
Model Year Model Credit Amount
2005 Prius $0.00
2006 Prius $0.00
2006 Highlander 4WD Hybrid $0.00
2006 Highlander 2WD Hybrid $0.00
2006 Lexus RX400h 2WD $0.00
2006 Lexus RX400h 4WD $0.00
2007 Camry Hybrid $0.00
2007 Lexus GS 450h $0.00

The principal author of this notice is Nicole R. Cimino of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this notice contact Ms. Cimino at (202) 622-3120 (not a tollfree call).

-- Michelle Vadeboncoeur, mrv@kluge.net
2001 Aqua Ice Opalescent
2004 Black BC
fuel stats: http://www.kluge.net/~felicity/prius.php
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post #10 of 27 (permalink) Old 10-29-2006, 05:53 PM Thread Starter
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New format starting this month!

(edit - see updated info at end of thread)

-- Michelle Vadeboncoeur, mrv@kluge.net
2001 Aqua Ice Opalescent
2004 Black BC
fuel stats: http://www.kluge.net/~felicity/prius.php
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