ANALYSIS: Auto dealers plan for irregular 2020 tax season as $31 billion in refunds trickle out to taxpayers over rest of year
McLEAN, Va. – With the new July 15 federal tax filing deadline fast approaching, the 2020 tax season has been anything but typical. This has added yet another disruptive layer to the developments that have buffeted the used auto market across the country. Billions of undistributed dollars remain on the IRS balance sheet, throwing into flux our ability to assess factors that are traditionally applied to anticipate consumer spending on automotive purchases over the next few quarters. Responding to challenges associated with the completely unexpected consequences of a tumultuous year will… Read More »ANALYSIS: Auto dealers plan for irregular 2020 tax season as $31 billion in refunds trickle out to taxpayers over rest of year