RV Dealers Happy with Stimulus
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Reported by: Matt Molloy
Thursday, Feb 19, 2009 @08:44am EST
 Ballantyne RV and Marine has been in business in Victor since 1964. Last fall was a bit slow for them with the uncertainty surrounding the election, but despite the country's recession, January was good for business. Now the new economic stimulus package could boost sales even more. Mark McMann of Ballantyne says, "We expect a very, very, very good 4, 5, 6 months especially in the motorhome market."
The stimulus bill allows consumers to deduct the sales tax they pay on RVs, up to $49,500. That translates to about $1,400 - $3,000 in savings depending on the consumer.
It's not just the federal stimulus package that's great news for RV dealers. Manufacturers are also offering major incentives and that can mean tens of thousands of dollars in savings for consumers. McMann says, "One particular unit over the last 2, 3, 4 years we would see in the $110,000-$120,000 range as I was telling you earlier with the incentives in the market place, the tax breaks, the advantages that the manufacturers are giving us you're going to buy it in the mid to high 80s."
The stimulus bill includes about $100,000,000 for tax breaks for RV and motorcycle purchases. Money McMann says will eventually run out, meaning now is the time for consumers to cash in. "It's a perfect package for us as a dealer to get excited, to get our consumer excited and to quite frankly keep our employers employed." |
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