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Does the current situation affect hybrid sales more?

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  • boaz47boaz47 Posts: 2,744
    Sure they cost too much but remember they sold the first Prius here at a net loss for the a year or two. They could have done the same thing with the Rav-4 EV. For now all I can hope for is a city car with California's low speed certification. I almost have my wife talked into a GEM or similar vehicle. Not that I don't get around town now without one. I will have more than 1000 miles on my Road Bike and 600 miles on my comfort bike (bicycles)before the year is out and I have only been riding since the middle of June. Like I said I lucked out and moved to a Bike friendly city.
  • gagricegagrice San DiegoPosts: 28,846
    I should ride my bikes more often. I moved up here on the mountain. Going anywhere is downhill. It is coming back that is a killer for me. We have a lot of hardcore riders up here in Alpine on the weekends.
  • imscfimscf Posts: 34
    Today's NY Times report big drop in all auto sales for November, as buyers are postponing purchases due to the economy. Of the top 16 most popular cars and trucks, the only increase is in the Malibu (all models) 9,400 autos, or + 35%, and the most decrease was in the Prius, 8,600 sold, -48%.
    The top five best sellers were: Ford Fseries (37,900, -18%), Chevy Silverado (29,500, -22%), Camry (25,200, -29%), Corolla (21,800, -13%), and Civic (17,700, -29%).
  • boaz47boaz47 Posts: 2,744
    You do live in a nice area. When I was up in Crestline / Lake Arrowhead I didn't ride much because of the same reasons. Getting anywhere was either up hill or getting home was up hill.
  • boaz47boaz47 Posts: 2,744
    "and the most decrease was in the Prius, 8,600 sold, -48%."

    If that is the case I may have to reverse my earlier post. I simply didn't think it would effect hybrids anymore than other cars.
  • kdhspyderkdhspyder Posts: 7,160
    Nobody is buying anything for the time being. Inventory is piling up across the board on every product. Nothing to see here, move on.

    Oh did I mention currency currency currency .... again for the 27th time. The JY / US$ exchange rate stood at 94 / 1 yesterday !!!!! At this rate there is NO incentive at all to ship products form there to here. Every month this same subject comes up and every month I have to keep bringing up the reminder about the currency.

    With the industry down 20-30% for the year it's pretty strong that Prius sales are down only 10% due to the super strong in spring and summer
  • PF_FlyerPF_Flyer Pennsylvania Furnace, PAPosts: 5,854
    http://blogs.edmunds.com/greencaradvisor/2008/12/november-hybrid-sales-plunge-as- - -gas-prices-fall-credit-tightens.html

    In sheer volume, Toyota's Prius was hardest hit.

    Although still the industry leader with slightly more than half of all hybrid sales in November, Prius volume of 8,660 for the month was down 48.3 percent from 16,737 sold a year earlier and off 26.7 percent from 11,804 sold in October.

    "It's just too expensive" when gas prices are low, said analyst Caldwell.


    Not the time to be expecting higher ticket items to move big numbers.

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  • boaz47boaz47 Posts: 2,744
    Interesting post, but some printed facts bother others more than they do some of us. I didn't take into account the higher price of hybrids in my origional post. I figured many were already committed to hybrids so they wouldn't suffer any more than any other car.
  • nwngnwng Posts: 664
    wow, it took a nosedive in prius numbers and a rocket shot in malibu (all models) numbers to have a 800 unit difference? malibu is suppose to be the savior of gm and their future bread and butter product. I consider it to be on par with the camcord. Tell me the malibu's number is incorrect.
  • gagricegagrice San DiegoPosts: 28,846
    again for the 27th time. The JY / US$ exchange rate stood at 94 / 1 yesterday !!!!! At this rate there is NO incentive at all to ship products form there to here

    I'm not buying that. Why are the hybrids stacked up on the dealers lots? Yaris is up in sales YTD. It takes up as much room on the ship as a Prius. I think cheap gas has tempered the average buyers willingness to spend $5k to $10k more for a car that only gives marginal increase in MPG. What will a Prius do that a $12k Yaris won't do? They get easy 40 MPG highway.
  • larsblarsb Posts: 8,204
    Gary says, "What will a Prius do that a $12k Yaris won't do?"

    Lots of stuff.

    You get what you pay for. A $12K car is a $12K car, and a $26K car is a $26K car.

    Never the twain shall meet.
  • andre1969andre1969 Posts: 21,847
    What will a Prius do that a $12k Yaris won't do? They get easy 40 MPG highway.

    Well, by the time you equip a Yaris nicely, that $12K car is more like a $16K car. And it's easy to get a Corolla up over $20K these days. The Prius, even in base form, is pretty well-equipped, so once you factor in the added content that narrows the gap.

    Then consider the fact that the Prius, despite its awkward proportions and small-ish dimensions, actually is a midsized car. It doesn't have the shoulder room that your typical intermediate would, so forget about squeezing three across in back and having them comfortable. But for four good-sized people, it's probably about as comfortable inside as most intermediate cars, and better than the Corolla or Yaris. And the Prius's trunk volume, at 16 cubic feet, is actually generous for a midsize car these days. Some of them are only 13-14!

    As for fuel economy, a Prius and Yaris might be close out on the highway, but in local driving, I'm sure the Prius would win out by a fairly wide margin.

    So yeah, it comes at a price premium. But the Prius also gives you more standard equipment and more interior room, in addition to the improved economy.
  • gagricegagrice San DiegoPosts: 28,846
    I expected a smoother quieter ride for my $10k difference from the Yaris. Unless you are hauling lots of stuff the Yaris will do the job. If you want more room and 50 MPG, the new Jetta Sportwagen TDI will beat the Prius in every category that most people are thinking about for the same or less money. And their sales in this down market agree.

    I would say hybrids have peaked and are headed down hill. Nothing from GM is worth buying. Ford Escape is a decent over priced hybrid.
  • larsblarsb Posts: 8,204
    Gary says, "I would say hybrids have peaked and are headed down hill"

    Wishful thinking, Oh Great Diesel Sniffer. (LOL)

    Hybrid sales are not directly linked to lower gas prices. Hybrids were selling just fine with low gas prices three years ago.

    What has changed is "the ECONOMY, stupids." (Stupids with an "S" on the end to include all of us, myself included.)

    Not just hybrids, but ALL vehicle sales are basically on the downturn. People are just not buying new cars when their homes are in foreclosure or they just got laid off or are worrying about keeping groceries on the table and a roof over their kids heads.

    The downturn in sales will happen to the Jetta TDI also, once all the initial Diesel Worshippers get their cars.
  • nwngnwng Posts: 664
    I don't think VW has shipped a lot of tdi cars over from the motherland this year. I have yet to see a new golf/jetta tdi on the road and I live in the birkenstock central of the eastern seaboard.

    One thing the yaris can do and the prius can't: heel and toe shifting! And for that I will take a yaris 5 dr over a prius any given day. Car sat a prius for 3 months and hated every minute when I have to drive it.
  • At my job we have 5 Prius's and they get used to run all of our errands. For that they do a great job. But, if I were out buying a car right now, I have to say I would prefer a 14k dollar Elantra, and pocket the other 12k. I would never make up that difference in gas, plus I would get a 10 year warrantee over the Prius's 8.
  • Ready to buy a 2009 Prius Pkg. # 6. Got a price in So. Cal. of $27,900. Anybody do better? If so, dealer?
  • kdhspyderkdhspyder Posts: 7,160
    Right now no vehicle above $25000 is moving. Nothing. Everything is backed up on the lots. It takes about 6 months to slow the flow of shipments or to speed them up when demand changes. Remember in the spring when demand went out of sight and every Prius in the US was sold and waiting lists went to 6 months. Suddenly BLAM !! the market stops buying. All the efforts to catch up with those unfilled orders started flowing in here in Oct. That's when the public stopped buying. Fun business to be in at this time aye?

    As regards the currency issue here is the data. See for yourself.

    A $25000 Prius MSRP is shipped from Japan and sold to TMS here for about $20000 ( round numbers ). When that sale was made over the last 5 yrs with the Y/$ at about 110-120 : 1. That sale in the US returned about 2.3 MM JY to Toyota in sales revenue.

    Today at 94 JY / US$ that same sale returns 1.9 MM JY. That's about a 20% loss in sales revenue. Why ship these to the States when they can be sold at home or in Europe or SE Asia with no currency loss?
  • kdhspyderkdhspyder Posts: 7,160
    The Yaris is fine for short trips of a few miles and/or for the young of body and budget.

    Under no circumstance will I ever consider owning/driving a Yaris given my personal situation. Thus in this case it is not even an option. The new Corolla, with certain amenities, is as small as I will go.

    If I want to hold down purchase costs to be in the Yaris price range than I'm looking at a 3-4 year old Prius with 40000 miles or so on the clock. In this case I get the best of all options. The problem is finding one now. After getting 48 mpg in relative comfort these past 3 yrs there is no way I can go backwards in room, amenities, safety features and fuel economy.
  • kdhspyderkdhspyder Posts: 7,160
    Ah Ha. You first must decide a few priorities.

    Are you speaking of buying only NEW vehicles? Then yes the base model Elantra is a bargain and a logical choice. Personally I will not drive in anything that small. Just a personal choice.

    But if your priority is minimizing the total cost of transportation then you have to open up the possibility of buying a used (xxx) ( Civic, Corolla, Prius, Elantra, Fusion ). Then it's just a matter of how cheap do you want to go? The baseline choice is a bicycle. Why not in good weather for short distances. I do that here on the Outer Banks in summer.
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