SECTION 4. APPLICATION

.01 Vehicle-Pool Method .

March 24, 2008 665 2008–12 I.R.B.

der section 4.02(1) of Rev. Proc. 97–36 to assign new crossover vehicles to either the new car pool or the new truck pool, whichever is more reasonable under all the facts and circumstances.

.02. Changes to Rev. Proc. 2001–23 . (1) Rev. Proc. 2001–23 is modified to permit a used vehicle dealer to establish a Used Vehicle pool for inventories of used cars, used crossover vehicles, and used light-duty trucks.

(2) Section 4.02(3) of Rev. Proc. 2001–23 is modified to require a used vehicle dealer that maintains separate used car and used truck pools to assign used crossover vehicles to either the used car pool or the used truck pool, whichever is more reasonable under all the facts and circumstances.