Used hybrid values have "fallen off a cliff"
As we’re sure you’ve noticed every time you’ve gone to refill your gas tank in the last few months, gas is once again relatively cheap. Just under a year ago, the price for a gallon of fuel was about double what it is today in most parts of the country, and those high costs were driving the sales of hybrids – both new and used – to record levels. Now? Well, not so much. According to Kelley Blue Book , used hybrid prices have fallen by an amazing 23.5 percent since last summer, and 4.5 percent of that has come in the first two months of 2009. It’s not just fuel prices that are causing hybrid values to plummet. Due to the lack of discretionary spending money and despite the savings on each tank of gas, the extra cost associated with a hybrid at the time of initial purchase is something that many buyers are unwilling to consider. Perhaps there’s a positive side to this story. Buyers looking to get a good deal on a used hybrid should have plenty of options to consider. Then, when the price of fuel inevitably climbs back up, you can laugh all the way to the bank. [Source: USA Today ] Auto Blog: Hybrid , Green Daily Used hybrid values have “fallen off a cliff” originally appeared on AutoblogGreen on Sat, 07 Mar 2009 19:25:00 EST. Please see our terms for use of feeds . Car Blog Green | Car Blog Green | Car Blog Green | Car Blog Green
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Used hybrid values have "fallen off a cliff"
Hybrids account for 2.3% of January auto sales
Click above for high-res image gallery of the 2010 Ford Fusion Hybrid Although the global and U.S. automotive markets are suffering a huge setback in sales, it’s not impossible for automakers to find a few positive trends to hang their hats on, and one of them centers around hybrids. On the surface, it seems that now may not the best time to be charging extra for fuel saving options, especially since gas prices have fallen mightily from their precipitous highs last summer. Regardless, hybrid vehicles managed to carve out a bit more market share last month, with the official figure standing at 2.3 percent. The fact is that automakers sold fewer hybrids last month than they did a year earlier, but that rate of decline is actually better than what’s being seen in other segments. It may be a shallow victory, but it’s a possible ray of good news in an overall negative climate. There’s reason to believe things will continue to improve on the hybrid sales front with the upcoming introductions of volume sellers like the new 2009 Honda Insight , 2010 Toyota Prius and 2010 Ford Fusion Hybrid . Gallery: First Drive: 2010 Ford Fusion Hybrid [Source: TerraPass ] Auto Blog: Hybrid , USA Hybrids account for 2.3% of January auto sales originally appeared on AutoblogGreen on Thu, 19 Feb 2009 16:17:00 EST. Please see our terms for use of feeds . Car Blog Green | Car Blog Green | Car Blog Green | Car Blog Green
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