Journalism & The Media Television, radio, movies, newspapers, magazines, the Internet and more.

Lesson learned, again: lower gas prices hurt hybrid sales

Thread Tools
 
Search this Thread
 
  #1  
Old 11-01-2014, 06:41 AM
Curated Content Editor's Avatar
IB Staff
Thread Starter
Join Date: Jul 2011
Posts: 773
Default Lesson learned, again: lower gas prices hurt hybrid sales

Filed under: Hybrid, MPG, USA



Between declining gas prices and an improving economy, full-size pickup sales in the US are up 6.5 percent year to date and represent the best-selling vehicle line in two-thirds of US states, according to TrueCar. And the economy is a rising tide of sorts for most vehicle sectors, as gas-powered vehicle prices are up $770 during the past year.

Things are less rosy for hybrids though, with official prices changed little from last year. In fact, the Toyota Prius remains the country's most popular hybrid, by far, but it now comes with about $2,300 worth of incentives, on average. Through September, sales among the four Prius models are down 11 percent from a year earlier to about 165,500 units. Standard Prius liftback sales have plunged 16 percent.

Overall, hybrid, plug-in hybrid and electric-vehicle sales are down about five percent this year, while sales of pickups and SUVs have, uh, picked up by almost 20 percent, according to a recent National Public Radio report. According to AAA, gas prices are averaging an even $3, down from $3.28 a year ago. Check out TrueCar's press release below.Continue reading Lesson learned, again: lower gas prices hurt hybrid sales

Lesson learned, again: lower gas prices hurt hybrid sales originally appeared on AutoblogGreen on Sat, 01 Nov 2014 08:33:00 EST. Please see our terms for use of feeds.



Permalink | Email this | Comments

More...
 
Related Topics
Thread
Topic Starter
Forum
Replies
Last Post
cwerdna
HCH II-Specific Discussions
14
09-22-2010 09:21 PM
JTsyo
Ford Escape Hybrid
9
03-06-2007 12:11 PM
fernando_g
Journalism & The Media
13
05-06-2006 09:18 PM
Jason
Hybrid & Related News
1
05-11-2005 07:12 PM
lars-ss
Toyota Prius
5
04-29-2005 09:45 PM



Contact Us -

  • Your Privacy Choices
  • Manage Preferences
  • Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

    When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

    © 2024 MH Sub I, LLC dba Internet Brands


    All times are GMT -7. The time now is 10:42 AM.