| Hybrid
Cars: Join the Revolution
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Interested in a hybrid? Better
buy now.
Tuesday,
April 12, 2005
Many automotive analysts have
been bullish regarding hybrid
cars because they feel that gas would have to hit $3.50 to
justify the extra cost of hybrids. Other studies have shown that
$3.00 is the critical benchmark for the majority of Americans.
Nonetheless, 50% of consumers already say fuel efficiency is
driving their next vehicle purchase.
SUV sales are already down some 20 percent this year, and we have
not hit the $3.00 mark yet - in most places. If we hit those
threshold numbers, SUV sales are predicted to plummet far lower.
Many of those leaving the larger SUV market are heading to
crossovers, which is certain to drive Toyota
Highlander hybrid demand even higher. Ultimately, however, if
the U.S. does hit $3.00 or $3.50 per gallon prices, the majority
of Americans might be interested in hybrids, but there probably
won't be any available.
This year Honda is only planning to sell about 25,000 each of the Accord
hybrid and the Civic
hybrid, and Ford is planning roughly the same for the Escape
hybrid.
Thus, if you are interested in purchasing a hybrid, buy now. As
the Toyota
Prius is showing, resale value is often higher than the
original sticker price. In a couple of months, used hybrids might
be the only hybrids available for some time.
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We the people, must be the
difference. Join the revolution, buy a hybrid car
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