Larger Hybrids taking longer to sell...
#1
Larger Hybrids taking longer to sell...
Nothing suprising, but it's a simple read...
Yahoo Article
Yahoo Article
By Chris Woodyard, USA TODAY
Tue Mar 21, 6:39 AM ET
While buyers are still hungry for cheaper gas-thrifty hybrid cars, some of the bigger models are sitting longer on sales lots.
The smaller Toyota Prius and Honda Civic gas-electric hybrids remain hits that are in short supply. But the luxury Lexus RX 400h SUV and Honda Accord sedan hybrids have been taking longer to sell than their conventional counterparts.
Ford Motor and Toyota have added some modest incentives to their hybrid SUVs, often a signal that sales haven't met expectations.
The problem, analysts say, is that the bigger, fancier hybrids often carry a higher price differential compared with their conventional versions. The sticker price of a Toyota Highlander SUV hybrid is $6,590 more than the six-cylinder gas-only model. By comparison, the compact Civic hybrid costs $2,890 more than the most comparable conventional model.
The Highlander hybrid delivers a government-rated 33 miles a gallon in city driving, 28 on the highway. The conventional six-cylinder model gets 19 mpg in the city, 25 on the highway.
"The customer will only pay so much" extra for a hybrid, says Tom Libby of the Power Information Network, which provides data to the auto industry. It also helps to have a distinctive look, which the Prius does.
While buyers "want to be 'green' when they can, it all comes down to price," says Mark McCready, pricing expert for CarsDirect.com.
But Ron Cogan, publisher of the Green Car Journal, says consumers will catch on to the bigger hybrids.
The Prius and Civic were easy decisions for buyers worried about high gas prices because of their relatively low prices and high gas mileage. "For the other categories, it's going to take longer to capture the attention of buyers," he says.
The Lexus RX 400h sat on dealer lots an average of 32 days in February, five days longer than the conventional RX 330, Power reports. Honda Accord hybrid was averaging 49 days to sell in February, compared with 31 for the conventional version.
Honda spokesman Chris Martin attributes the difference to a new version of the Accord hybrid that only recently arrived at dealerships.
Incentives starting to show up on hybrids:
--Ford Escape. Ford announced last week that it will give 0% financing for Escape hybrid in Washington, D.C., and California. Coming after an ad blitz that featured Kermit the Frog, the incentives are "a way to get increased exposure" in two of the nation's hottest hybrid markets, says Ford spokesman Monte Doran.
--Toyota Highlander. Toyota is offering lower-than-average 3.9% financing on Highlander in many larger cities. After it didn't deliver the big sales expected last year, the company may be "dialing back the sales goal a little bit," says spokesman Bill Kwong.
Tue Mar 21, 6:39 AM ET
While buyers are still hungry for cheaper gas-thrifty hybrid cars, some of the bigger models are sitting longer on sales lots.
The smaller Toyota Prius and Honda Civic gas-electric hybrids remain hits that are in short supply. But the luxury Lexus RX 400h SUV and Honda Accord sedan hybrids have been taking longer to sell than their conventional counterparts.
Ford Motor and Toyota have added some modest incentives to their hybrid SUVs, often a signal that sales haven't met expectations.
The problem, analysts say, is that the bigger, fancier hybrids often carry a higher price differential compared with their conventional versions. The sticker price of a Toyota Highlander SUV hybrid is $6,590 more than the six-cylinder gas-only model. By comparison, the compact Civic hybrid costs $2,890 more than the most comparable conventional model.
The Highlander hybrid delivers a government-rated 33 miles a gallon in city driving, 28 on the highway. The conventional six-cylinder model gets 19 mpg in the city, 25 on the highway.
"The customer will only pay so much" extra for a hybrid, says Tom Libby of the Power Information Network, which provides data to the auto industry. It also helps to have a distinctive look, which the Prius does.
While buyers "want to be 'green' when they can, it all comes down to price," says Mark McCready, pricing expert for CarsDirect.com.
But Ron Cogan, publisher of the Green Car Journal, says consumers will catch on to the bigger hybrids.
The Prius and Civic were easy decisions for buyers worried about high gas prices because of their relatively low prices and high gas mileage. "For the other categories, it's going to take longer to capture the attention of buyers," he says.
The Lexus RX 400h sat on dealer lots an average of 32 days in February, five days longer than the conventional RX 330, Power reports. Honda Accord hybrid was averaging 49 days to sell in February, compared with 31 for the conventional version.
Honda spokesman Chris Martin attributes the difference to a new version of the Accord hybrid that only recently arrived at dealerships.
Incentives starting to show up on hybrids:
--Ford Escape. Ford announced last week that it will give 0% financing for Escape hybrid in Washington, D.C., and California. Coming after an ad blitz that featured Kermit the Frog, the incentives are "a way to get increased exposure" in two of the nation's hottest hybrid markets, says Ford spokesman Monte Doran.
--Toyota Highlander. Toyota is offering lower-than-average 3.9% financing on Highlander in many larger cities. After it didn't deliver the big sales expected last year, the company may be "dialing back the sales goal a little bit," says spokesman Bill Kwong.
#2
Super Moderator
RX400h still in Edmunds' Top Ten hottest selling car list : https://www.clublexus.com/forums/sho...d.php?t=206689
#3
yeah, saw this one... quite interesting.... In fact it is true - they are not saying they are SLOW to sell, just slower. And with Prius being hottest car in the USA, it is true indeed that every other car will take longer to sell
:-)
Lets spin it...lol.
:-)
Lets spin it...lol.
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