CNBC- Price for Hybrids is up, way up in some
#1
CNBC- Price for Hybrids is up, way up in some
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Seven of the 10 hybrids on sale the last two months are selling at a higher price compared to the same time last year. Here's the list of transaction prices according to the Power Information Network.
Highlander Hybrid (up) $5,482
Saturn VUE Hybrid (Up) $3,261
Escape Hybrid (Up) $2,327
Mercury Mariner Hybrid (Up) $2,053
Lexus RX 400H (Up) $576
Toyota Prius (Up) $301
Nissan Altima Hybrid (Up) $ 78
According to Edmunds.com, the following five all take longer to "break even" than a year ago.
Toyota Highlander Hybrid: 12 years
Ford Escape Hybrid: 7.3 yrs
Saturn VUE: 7.1. Yrs
Mercury Mariner Hybrid: 6.4 Yrs.
Honda Civic Hybrid: 4.8 yrs
http://www.cnbc.com/id/24540478
Seven of the 10 hybrids on sale the last two months are selling at a higher price compared to the same time last year. Here's the list of transaction prices according to the Power Information Network.
Highlander Hybrid (up) $5,482
Saturn VUE Hybrid (Up) $3,261
Escape Hybrid (Up) $2,327
Mercury Mariner Hybrid (Up) $2,053
Lexus RX 400H (Up) $576
Toyota Prius (Up) $301
Nissan Altima Hybrid (Up) $ 78
According to Edmunds.com, the following five all take longer to "break even" than a year ago.
Toyota Highlander Hybrid: 12 years
Ford Escape Hybrid: 7.3 yrs
Saturn VUE: 7.1. Yrs
Mercury Mariner Hybrid: 6.4 Yrs.
Honda Civic Hybrid: 4.8 yrs
http://www.cnbc.com/id/24540478
#2
Re: CNBC- Price for Hybrids is up, way up in some
This is not the first nor the last time that Phil LeBeau has tried to dis-justify a hybrid based upon the purchase price versus the price of fuel. I'm not sure that it makes sense to try and smite him with a 'clue by four' but we can always try.
Bob Wilson
Hi Phil,
Inflation plays a role that "... the latest data shows people buying most hybrids will take even longer to make up the "premium" or higher price they are paying compared to standard models ..." may be inaccurate. In 2001 when the first Prius were sold, gas was only $1.35/gal and this same old argument was brought out then. But today is 2008 and a significant portion of those 2001 Prius are still rolling around and gas is at $4.50/gal. Where is your congratulations to these pioneers who did the experiment and won.
The other consistent mistake is to assign one mileage for all cars per year. In fact, owners have a wide range of mileage per year, which looks a lot like a modified bell curve. It turns out that those in the upper third easily do enough miles to pay the hybrid premium. The best are taxi drivers who make out like bandits.
Finally, there is the resale price, which for hybrids reaches a lower limit and seems to stop. In contrast, the gas-only car soon become 'scrap metal' and those with poor mileage, even less.
Those of us who own hybrids are happy that we do and got them when we did. New hybrid owners are joining our ranks and over time, we're not seeing them move back to gas. As a suggestion, you might ask your sources to report the ratio of hybrid->gas and gas->hybrid ownership changes. I suspect you'll find the numbers are and historically have been one way.
Inflation plays a role that "... the latest data shows people buying most hybrids will take even longer to make up the "premium" or higher price they are paying compared to standard models ..." may be inaccurate. In 2001 when the first Prius were sold, gas was only $1.35/gal and this same old argument was brought out then. But today is 2008 and a significant portion of those 2001 Prius are still rolling around and gas is at $4.50/gal. Where is your congratulations to these pioneers who did the experiment and won.
The other consistent mistake is to assign one mileage for all cars per year. In fact, owners have a wide range of mileage per year, which looks a lot like a modified bell curve. It turns out that those in the upper third easily do enough miles to pay the hybrid premium. The best are taxi drivers who make out like bandits.
Finally, there is the resale price, which for hybrids reaches a lower limit and seems to stop. In contrast, the gas-only car soon become 'scrap metal' and those with poor mileage, even less.
Those of us who own hybrids are happy that we do and got them when we did. New hybrid owners are joining our ranks and over time, we're not seeing them move back to gas. As a suggestion, you might ask your sources to report the ratio of hybrid->gas and gas->hybrid ownership changes. I suspect you'll find the numbers are and historically have been one way.
Last edited by bwilson4web; 05-10-2008 at 09:14 AM.
#3
Re: CNBC- Price for Hybrids is up, way up in some
I wonder what the "break even" time frame is on a Chevy Corvette? Or what about on a BMW Z5?
The folks at Edmunds just can't get it into their brains that some of us are as much motivated to buy a hybrid because of the latest technology as by the fuel efficiency's dollar value.
There's no difference between a Geek who's turned on by tech and a sports car freak who's turned on by a big motor and a racy looking chassis or a wealthy Don Trump type who's turned on by a Bentley.
The concept that for some of us a "lowly" Prius has emotional appeal seems totally lost on the numbskulls at Edmunds. But even worse, the people at Edmunds still persist in even getting the facts wrong about hybrid technology. And yet they bill themselves as "car people"; what a joke!
The folks at Edmunds just can't get it into their brains that some of us are as much motivated to buy a hybrid because of the latest technology as by the fuel efficiency's dollar value.
There's no difference between a Geek who's turned on by tech and a sports car freak who's turned on by a big motor and a racy looking chassis or a wealthy Don Trump type who's turned on by a Bentley.
The concept that for some of us a "lowly" Prius has emotional appeal seems totally lost on the numbskulls at Edmunds. But even worse, the people at Edmunds still persist in even getting the facts wrong about hybrid technology. And yet they bill themselves as "car people"; what a joke!
#4
Re: CNBC- Price for Hybrids is up, way up in some
Not a bad increase on the FEH, considering Roll stability and a larger, variable valve timing engine producing more HP and slightly better gas mileage.......
oops, they forgot that part.....
It's just more expensive cuz gas is,,,,,
oops, they forgot that part.....
It's just more expensive cuz gas is,,,,,
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