Phase-Out Credit for Toyota and Lexus Hybrids Continues With Reporting of Second Quarter Sales

Phase-Out Credit for Toyota and Lexus Hybrids Continues With Reporting of Second Quarter Sales: "WASHINGTON — After reviewing the second quarter 2007 sales of Toyota Motor Sales USA Inc., the Internal Revenue Service announced that purchasers of qualifying Toyota and Lexus vehicles may continue to claim the Alternative Motor Vehicle Credit. Toyota sold 70,641 qualifying vehicles to retail dealers in the quarter ending June 30, 2007. This brings the cumulative sales of qualified Toyota hybrid vehicles sold from the period of Jan. 1, 2006, through June 30, 2007, to 344,083."