Autotrader Lists Top 20 Tax Refund Cars
The IRS’s new withholding guidelines have reduced the average American’s federal tax refund to $3,140. What kind of used car can your next customer buy with that money? Autotrader’s Chris O’Neill found 20.
The mid-2000s Saturn Ion is No. 7 on Autotrader’s list of the top 20 tax refund vehicles for 2019.
Photo courtesy General Motors Co.
ATLANTA — Car buyers shopping for quality pre-owned units this spring have lighter tax refund checks in their pockets thanks to new IRS rules that took effect last year. Hoping to share recommendations for quality used cars available for $3,140 (the current average), Autotrader’s Chris O’Neill did some research and came up with a surprisingly long list.
“Depending on the vehicle you choose and on your individual situation, you may have to kick in a few hundred dollars, but you'll still be able to get a running car in reasonably good shape,” O’Neill wrote.
Autotrader’s list of the top 20 tax refund vehicles for 2019 includes:
Ford Taurus (early to mid-2000s)
Ford Explorer (mid-1990s to mid-2000s)
Honda Accord (early 2000s)
Ford F-150 (1997–2006)
Honda Civic (2001–’05)
Chevrolet Cobalt (2005–’10)
Saturn Ion (2003–’07)
Toyota Camry (late 1990s to early 2000s)
Ford Focus (mid-2000s)
Pontiac Grand Am (mid-2000s)
Dodge Grand Caravan (early to mid-2000s)
Chevrolet Malibu (early to mid-2000s)
Ford Escape (early 2000s)
Jeep Grand Cherokee (late 1990s to early 2000s)
Chrysler Sebring (late 1990s to early 2000s)
Chevrolet Impala (early to mid-2000s)
Chevrolet Trailblazer (early to mid-2000s)
Chevrolet Silverado (mid-2000s)
Ford Ranger (mid- to late 1990s)
Toyota Corolla (early to mid-2000s)
To read the Autotrader report in its entirety, click here.
Originally posted on Auto Dealer Today
More Showroom
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →
Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
Read More →
California Hybrids Reach State Record
The Golden State still leads the country in electric-vehicle registrations, but much like the rest of the U.S. its hybrid market share is up while full electrics stabilize after a dramatic first-quarter dip.
Read More →
My Mercedes in the U.S.
The German brand debuted its studio dealership concept for the first time in the states in Los Angeles, tapping Americans’ penchant for creative distinctions.
Read More →
Used Sales Hit Summer Drag
The vacation season, combined with high prices, has dented deliveries and added to inventories, though supply is still slim enough to keep listings elevated.
Read More →
California Launches EV Rebate Program
Participating automakers are matching the state's $13.5 million investment in new electric-vehicle rebates scheduled to take effect later this summer.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
The Trade-In Paradox
Retailing older cars with confidence in today’s market is a matter of establishing and following a clear process that can turn greater profit for auto dealers as they aim to meet used-unit hunger.
Read More →
Focus on Vehicle Cabins
The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.
Read More →