Belgium July 2016

Off to Knokke?

Off to Knokke-Heist 

July is usually a slow selling month in Belgium, as the locals migrate massively to Oostende, Knokke -Heist and other summer resorts, but despite this, sales were up 130% to 545 EV's registered, with the EV Share steady at 1.5%.

As usual, AWD vehicles continue to top the ranking, with all podium places in July belonging to such vehicles: The Volvo XC90 T8 (91 units) was once again the Monthly Best-Seller, followed by the BMW X5 PHEV (101) and the BMW 225xe Act. Tourer (39). Interestingly, the fourth place went also to BMW, as the 330e (38 units) accentuates the strong lineup that BMW has made.

Speaking of BMW, it's i3 rose one position to #7, as the first 33kWh units were delivered. Will we see three BMW's in the Top 6 soon? I wouldn't bet against it.

Underlining the never-ending appetite of this market for SUV's, the two models with highest rises in the ranking are two recent additions to that class: The Audi Q7 e-Tron jumps to #27, while the Mercedes GLC350e does even better, climbing to #23.

In the manufacturers ranking, leader BMW (28%, up 1%) continues to increase share, while Volvo (21%, down 1%) is losing steam. In Third we have Porsche, with 11%, followed closely by Mercedes, with 10%. Fun fact, Mercedes sold 52 PHEV SUV's and only 31 plug-in cars in July...

Pl	Belgium	July	YTD	%	'15Pl
1	Volvo XC90 T8	91	1.106	21	13
2	BMW X5 40e	101	751	14	15
3 4	Porsche Cayenne Plug-In Tesla Model S	21 20	534 401	10 7	2 1
5	Nissan Leaf	24	351	7	8
6	BMW 225xe Active Tourer	39	268	5	N/A
7	BMW i3 *	26	215	4	3
8	Mercedes C350e	17	208	4	16
9	BMW 330e	38	199	4	N/A
10	Mercedes GLE500e	30	179	3	27
11	Mitsubishi Outlander PHEV	15	143	3	6
12 13 14 15	Renault Zoe Volkswagen Passat GTE Audi A3 e-Tron BMW i8	6 26 7 5	136 111 96 73	3 2 2 1	18 33 7 9
16 17 17 19	Volkswagen Golf GTE Mercedes B250e Mercedes S500e Porsche Panamera Plug-In	4 8 6 3	69 64 62 52	1 1 1 1	5 11 14 10
20 21 22 23 24 25 26 27 28 29 30 31 32 32 34 34	Volvo V60 Plug-In Nissan e-NV200 / Evalia Renault Twizy e) Mercedes GLC350e Volkswagen e-Golf Renault Kangoo ZE Toyota Prius Plug-In Audi Q7 e-Tron Kia Soul EV Citroen C-Zero Volkswagen e-Up! Peugeot iOn Smart Fortwo ED Citroen Berlingo EV Peugeot Partner EV Citröen e-Mehari Others	5 3 6 22 2 15 1 2 3	50 49 46 39 31 30 29 20 19 13 12 9 5 5 4 4 2	1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0	4 21 15 N/A 17 N/A 25 N/A 23 24 21 20 19 N/A N/A N/A
	TOTAL	545	5.387	100

Source: FEBIAC

* - 12 Bev + 14 Rex

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DONATE CAR FOR TAX CREDIT

2016 Car Donation Tax Deduction - How To Get The Maximum Tax Benefit Out Of Your Vehicle Donation

Donating your car or vehicle to charity can be a great way to get a tax deduction, and Wheels For Wishes makes it easy. If you would like to help your local Make-A-Wish® and get the maximum tax deduction, then you're already almost done. It's as simple as filling out the little form to the right or calling 1-877-431-9474. We make the process easy, and you get the most good (and highest tax deduction) for your car. Not only that, but you are also helping a local child's wish come true.

How Car Donation Tax Deduction Works

Prior to January 2005, the IRS was allowing people who donated to a qualified car donation program to take a tax deduction based on their vehicle's market value no matter how much or how little the vehicle sold for. Determining the market value of a donated vehicle is often quite difficult and time-consuming, which made determination of the amount of the tax deduction confusing. Fortunately, as a result of the new tax law that went into effect in January 2005, the IRS has taken the guesswork out of determining the value of your donated car, truck, RV, boat or other vehicle.

The IRS Allows The Taxpayer To Claim A Charitable Tax Deduction As Follows:

• We make it easy to get the maximum tax deduction for your vehicle donation! Simply filling out the quick form to the right (or call 1-877-431-9474) and we take care of the rest. Your vehicle is picked up, sold, and proceeds benefit your local Make-A-Wish®, but you also get a 100% deductible receipt.
• If the donated vehicle is sold for less than $500, you can claim the fair market value of your vehicle up to $500 or the amount it is sold for if less than fair market value.
• If the donated vehicle sells for more than $500, you can claim the exact amount for which the vehicle is sold.

For any vehicle sold for more than $500, the exact amount it is sold for will be stated on your notification mailed to you, which in turn will be your charitable tax deduction. For additional information, the IRS provides A Donor's Guide to Car Donations (Publication 4303 linked below), which details the determination of the value of your donated vehicle. As always, we help people donate their cars every day, and we would be happy to help you do the same. Feel free to call us at 1-877-431-9474 with any questions you might have and one of our representatives will help you.

Frequently Asked Car Donation Tax Questions

Q:Will My Vehicle Donation Be Good For The Year That I Sent In The Donation Form, Even If I Don't Receive The Receipt Until The Beginning Of The New Year?

A:YES! IRS Publication 4303, "A Donor's Guide To Vehicle Donations" states: "... the written acknowledgment must contain the date of the contribution..." The date of contribution is the date that we received the donation form. So it can even be on the 31st of December and will still allow a charitable vehicle deduction for that tax year.

Q:Does The Donation Count Toward The Year I Submitted The Online Form Even If The Vehicle Isn't Picked Up Until The New Year?

A:YES! As stated above.

Q:Some Charities Offer Vacation Packages As Incentives To Donate. Does That Affect My Tax Deduction?

A:YES! If a charity provides a commodity, like a vacation package, for example, in exchange for a car or vehicle donation, then the tax receipt from that charity must state the fair market value of that commodity and the fair market value of that commodity must be subtracted from the value of the car donation.

For example: If your vehicle sells for $1,000.00 at auction and your vacation package that you receive has a fair market value of $400.00, you can only deduct $600.00. That's $1,000.00 for the donated car less $400.00 for the vacation package resulting in a maximum deduction of $600.00 ($1000.00 - $400.00 = $600.00)

We certainly do not want donors to be shocked by receiving a tax letter that states they have to subtract the fair market value of the vacation from the value of their vehicle.

Latest IRS Publications Concerning Vehicle Donations And Deductions

• IRS Pub. 526 - Charitable Contributions - An excerpt regarding non-cash charitable contributions
• IRS Pub. 561 - Determining the Value of Donated Property - An excerpt regarding fair market value
• IRS Pub. 4303 - A Donor's Guide to Car Donation - An excerpt regarding new tax law information

We're Ready To Help, And It Couldn't Be Easier

We work hard to get you the maximum tax return for your vehicle donation. Feel free to call us at 1-877-431-9474 with any questions you might have and one of our representatives will help you.

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