Has anybody gotten a definitive answer as to whether or not we have to pay income tax on these cars? My accountant will be happy to research this and render a recommendation for a stiff fee.
It seems to me that these cars were on sale, like a Black Friday TV on sale for half-price. I can see the IRS taking the position that those who flipped these (sold them for profit) should report the profit as taxable income. I was shopping for a new (used) car at the time, so I kept the car as my primary transportation.