Wednesday, March 18, 2009

Sales of Hybrid Cars Decline



The hybrid car model was a hot commodity when the gasoline prices were at its highest price last summer. SUV owners were made a mockery of when they went to fill up their cars. Consumers started trading in their gas guzzling cars for a new hybrid model in order to save money on gas in the long term.
It seems like the price of gas and the sale of the hybrid cars are proportional. When the price of gasoline falls, the sales of hybrid cars fall as well.
As the rate of joblessness increases and the economy tanks, the new hybrid car models are gathering dust in inventory. We are also seeing an increasing number of people switch to public transportation, which could also contribute to the decline in hybrid car sales.

My prediction: its only a matter of time before oil prices start creeping up again, and we all know what that means. The inefficient gas mileage cars will once again be thrown aside in favor the hybrid.

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