Lesson learned, again: lower gas prices hurt hybrid sales
 

Filed under: Hybrid, MPG, USA

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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.



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