IRS and Dealers, Dealer-Smuggler, ASOTU Christmas Gift

Paul J Daly: 0:34

That's it, man. Everybody else's home. We're working. For Christmas weekend, we're talking about IRS and dealers, a dealer, smuggler, and a very specialist. So do Christmas presents. Which is my favorite part of this show.

‍Kyle Mountsier: 0:48

easily my favorite part of this. Oh, Adrian. Good morning. Speaking of favorite part of this show,

Paul J Daly: 0:54

Adrian rock and first I mean, you can't drip it. You can't drop it now. Right? Hey, if your daughter's in the car, or was it her son, sons, their sons in the car, shout out your mom's awesome man.

Kyle Mountsier: 1:05

Who does your mom?

Paul J Daly: 1:07

Oh, boy. Okay, so we were just talking about this before the show that there's like this typical. Would you say you said news duds? Yeah, it's

Kyle Mountsier: 1:18

just this typical kind of like, I mean, all of the news reporters in the world have been focused on the last three weeks curating their top 10 List of 2023. So it's like that, hey, off, inject them into this, like 10 day period of news. It's, it's a magical time. Well,

Paul J Daly: 1:36

I'll tell you what, we have some special stuff coming for you over the next week during this dud news. Oh, you heard Adrienne told us or center that? Yes. So the deal is, we had our euro and extravaganza event yesterday, it was so much fun. And we're gonna live streaming, I think a few more times over the weekend, so you can see it. But we're also going to be releasing a lot of segments, you can go over to YouTube, and you could probably see it on our site. I don't know exactly how to get to it.

Kyle Mountsier: 2:04

Be and it's like the first video is it. So

Paul J Daly: 2:08

tube ASOTU. That be you can check it out there. We're also going to be featuring segments of it on the morning show. So if you don't get to see it, there's so much variety in what we said the show was like an hour and a half. Like, I felt like there was a telethon that should have been involved. Like we should have had the call center, like, you know, we should have maybe that'll be a component of it next year. But we were able to feature people all the way from PDI techs all the way up to like high level executives and dealers, Jonathan smoke Erica Tiffany wells, it was good to see her we haven't seen her in a while. But I know it's got the new GM digs going on.

Kyle Mountsier: 2:39

And I was like, Oh, it's a thing. GM life is a different it's a little disruption. It's cool to see like the different places that people are their journeys, you know, we, we, you know, we meet people two years ago, and then we've watched where they come from now, where they get to now and it's just a cool thing to to be drawing community together that can kind of like watch each other grow and progress.

Paul J Daly: 3:02

It's, that's what it's all about. That's what it's all about. Oh, we have a couple news stories for you. Good morning, Jason. Good morning, Amanda. Good morning, Leah. So good. Leah says first day of more sunlight.

Kyle Mountsier: 3:13

She goes the extra minutes. It's

Paul J Daly: 3:14

like she knows me. That's exactly what I'm focused on today is longer than yesterday, and so on and so forth. Thank you to all the people who joined us yesterday, we had a you know, I don't know where we peaked out at but for majority of the show, we had 150 people on the live stream lighten up the comments like 500 comments was a lot of fun. A this is just what community is about. Right? We work hard. We pay attention to our industry that we love. We care for one another and we have a little bit of fun. So today's show, we're gonna give you a couple stories and then we're going to roll this really fun segment we had from the show yesterday and then we'll come back on and talk about it a little bit. But let's do some news. Yes, let's get to we got Okay. All right. Here's here's one that we all knew was coming over 7000 us car dealers about 40% of all franchised car dealerships actually have now registered with the IRS to offer point of sale Evie credits. So this enables the dealers to facilitate the transfer of the Evie tax credits for an Eevee purchase when they buy the car. So you know there's $7,500 credits for new EVs up to$404,000 for us, Evie with different conditions and starting January one. The dealers will submit the Evie sales info to the IRS and supposedly supposedly receive the transfer of the tax credit to the dealership within 72 hours. I I think FanDuel should actually have an over under on over under on that. Absolutely. They certainly should. So a Treasury official said the Treasury Department has conducted extensive outreach to ensure dealers were aware of this provision in the inflation Reduction Act and able to register so I don't know what do you think how Yeah,

Kyle Mountsier: 5:00

I mean, I'm impressed that that 7000 dealers have done it already. I mean, we're still what 11,000 or 9000 light from how many dealers that are a lot of dealers. Now, a lot of these dealers maybe aren't selling EVs today, maybe don't even have an Eevee on the lot. So I understand like, maybe there's not a ton of just intention around doing that. But I would say getting on that list early, understanding the program, understand having your people understand where to log in. If you're listening to this, someone, check with someone at the dealership. This is turned on for you.

Paul J Daly: 5:35

And if you want to be a superhero, the link is now in the comments, Facebook link YouTube. I don't know if it made it to the LinkedIn comments, but you can just copy the link from the comments and just bounce that sucker up to your CFO be like hey, did you get Did you delete the link guys got to IRS registration because I just because

Kyle Mountsier: 5:53

because here's the thing, even if even if you don't have any new EVs or the prospect of any new EVs coming, the chances that you're gonna get a trade in of an Eevee that can then be used with the $4,000 used Evie tax credit that can be put on the hood of the car. You're gonna want to have access to this and not be scrambling on the back end for it. So

Paul J Daly: 6:15

Oh, Jason, Jason Brecon, just waiting in the comments. He said, still awaiting guidance on multi line enrollment by store. So he's like, Hey, I are one of the reasons we're not registered because we're waiting for you to tell. So obviously, there's still provisions and guidance out there that isn't clear, which adds another texture to the story of Michael Lee in the comments. A friend Michael, he was on a soda a year and extravaganza, he says Cash for Clunkers anyone. Because we all know how

Kyle Mountsier: 6:41

that one went. It went tough to get that money. Yeah, I'm open that. I mean, we've had, what 15 years now to figure out the digital ecosystem. Let's just hope we've

Paul J Daly: 6:51

got 10 years we've had like 80 years to figure out government bureaucracy share habits. Yeah, okay.

Kyle Mountsier: 6:58

We got ourselves in trouble ball, governments

Unknown: 7:03

segway

Kyle Mountsier: 7:05

government bureaucracy. A a Japanese car dealer was caught attempting to smuggle a Lexus were $69,000 to North Korean leader Kim Jong Un, violating international sanctions sanctions. Basically what they did is they put a little sticky note on the thing, but it's probably not a sticky note. Miss declaring the cars destination is Singapore intending to reroute it to North Korea, the Bangladesh but Japanese authorities they put the old they put the old defensive squeeze on that intercepted the ship my

Paul J Daly: 7:35

Bosch a Japanese word have

Kyle Mountsier: 7:37

maybe it is if it

Paul J Daly: 7:39

is perfect place. An amazing way to look at that if you know that sort of Japanese word are not in the comments, let us know.

Kyle Mountsier: 7:47

But they they were able to prevent it because that violates the trade laws and sanctions against North Korea. However Kim Jong Un actually does have a history of appearing in these luxury foreign cars even though the the operations to get it they're involved in smuggling. Actually, all the way back to the 1970s the North Korean government ordered 1000 balls from Sweden, a boy took delivery still haven't paid and Sweden is still trying to get their money to the repo

Paul J Daly: 8:18

companies are a viable contract. Renewal contract is going to Volvo out of out of North Korea. So imagine it's not a Japanese world but it totally sounds like it could be it's actually they think it's Yiddish but no one really knows just knows fun facts you learn here. So look, I mean this is kind of like a dealer being creative know how else to put it

Kyle Mountsier: 8:42

resilience, resilience,

Paul J Daly: 8:44

resilience, creative I don't know we can neither confirm nor deny our our I don't know, it's just somebody trying to trying to get get a thing done. But they got caught. So we just had to talk about it because it just seemed like one of those things. Yeah,

Kyle Mountsier: 9:00

I don't know. Here's here's my $9,000. Lexus. Oh, yeah. What

Paul J Daly: 9:05

do you think the bumper sticker is on that car? Yeah, right. delivery fee. 100,000. Right. Yeah, that that was an expensive one. That that is now back. I wonder what happened to the dealer. Like, yeah, there wasn't any info on that. No, we'll never hear from him again.

Kyle Mountsier: 9:20

We'll never hear Yeah,

Paul J Daly: 9:21

I don't know. But yeah, so this is the this is the quality Christmas Story reporting that we have to do during Christmas. Now speaking of quality Christmas Story, oh, man, this is the best thing we hear in extravaganza. So we're gonna roll this clip and actually features if she's still listening, Adrienne Well, Gibbs, your son still in the car. We're about to feature you on the troublemaker podcast. Check out this segment where we had a really special surprise for one of our most engaged community members.

Adrian Wall Gibbs: 9:57

I mean, I know we're recording but really quick. Um, I was really worried about how festive I was going to be. So I just wanted to ask you guys a couple of questions. I have. I have a necklace. I didn't know, you know if it's too much. And then Jordan told me maybe I should wear this hat. I don't know. It might be tomorrow. I love it. I love it. I don't know. But I also have all of these options, even this one, but this one might be New Year's Eve. But I also have dantas do. And I think you know, do the beard. I don't know. Is it? Is it too much? I know. It's my first time. It's my first time. It looks good. Yeah, I

Paul J Daly: 10:46

think I think it works. Well. I think that

Adrian Wall Gibbs: 10:49

was my drink. And you guys played along? Thank you. Well, we have a little

Paul J Daly: 10:53

bit of a confession to make. The real reason we invited you here today is that we are rewarding you awarding you with the most engaged community member of the year was our first it's our first ever actually we see you how much you care about our community, how much you care about the industry and how much you press in.

Kyle Mountsier: 11:11

And we want to honor you for that. So we know that you weren't able to attend a soda Con last year and that you really really wanted to so this year, we're going to see to it that it happens as the reward for being the most engaged community member we are gifting you and all expenses paid trip to a soda Con this year. That's ticket airfare hotel room, you all you got to do is clear your schedule and make sure that you are there hanging out with us in May.

Adrian Wall Gibbs: 11:39

Oh my gosh, that like I have a Christmas tree up and you guys put the best present under the tree.

Paul J Daly: 11:49

I am so sick. We can't wait to meet you in person. So tell us though, what is it take to listen to our regular morning show the automotive troublemaker that consistently What's your routine? Like? What are you listening? Are you at your desk? Or you're walking the dog? Like how do you usually the apartment in the

Adrian Wall Gibbs: 12:06

car, driving my son to school most days, and he's listening with me and he's laughing along? He loves the music in between all the sets. And whenever you guys say my name, he's like,

Paul J Daly: 12:23

Oh, I can't wait till he sees this. This is great. Yeah.

Adrian Wall Gibbs: 12:27

And, um, and so he loves listening to the stories and you know, he gets getting a little bit of a glimpse of what it's like, you know, at work, but most of the time it is on I'm in the car. And I I now so you guys know I have it, like open and ready because you know, I'm being safe on driving. And so I don't really have to push many buttons. And my and oftentimes by the time you guys started, I've made it to my stop. And then I sit, sit and hang out during the show so I can comment. And then I keep going. And it's just been so much fun listening and learning. And I cannot tell you guys how many times I have been in a conversation at work with either our owner, or GM or a GSM or a bigwig finance guy, and they bring up a topic. And I already know about it. Because yeah,

Kyle Mountsier: 13:17

that's so amazing.

Paul J Daly: 13:19

Do they ever are they ever? Like how do you know about that? Like, yes, I pay attention to things? Yes.

Adrian Wall Gibbs: 13:26

And then I can name drop some of the guests that you guys have had? And they're like, how do you know? Yeah. How do you know Steve green, just, uh, you know, all these names? And I said, Well, I'm a part of this group called a sudo. And they everyone's heard about it. I cannot tell you how many people have invited I've got some people, some local vendors like some of my third party reps now come in and listen in the mornings, and comment too, so

Unknown: 13:52

why am I not surprised? Why am I not surprised? I

Adrian Wall Gibbs: 13:56

You guys are the community that I needed starting in this industry. And

Paul J Daly: 14:01

well, Adrian, you're the community that we needed. Everyone in this community. We hope you spend a few days recharging being with your family. We'll be back here next week. But until then, happy holidays and Merry Christmas from everyone at ASOTU