The Toyota
Prius is a hot vehicle. Used ones sell still sell for more
than new ones because some people simply can't wait to get their
hands on a new one.
In the past, used Prii could
easily fetch $1000-$3000 above sale price and wait times for a
new Prius easily stretched as long as 6 months.
Ultimately
this lead to several increases in Toyota's hybrid production,
which now stands at 100,000 units for this year. Consequently,
average wait times have dropped closer to 2 months.
This increase in supply has
decreased the profitability of Prius flipping - good news for
buyers. (DetroitNews)
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