You know gas is too expensive when... - GoFuckYourself.com

Mike Okitch · 04-11-2005, 10:33 PM

http://money.cnn.com/2005/04/11/Auto...rius/index.htm

"NEW YORK (CNN/Money) - Demand for the gas-electric hybrid Prius is so great that some used Priuses are selling for more than the list price for a new one, a report said on Monday.

Buyers who want to avoid the typical two-month waiting period for the hot Toyota model are willing to pay the premium, according a study conducted by Kelly Blue Book and Harris Interactive.

Waits at some dealerships can be considerably longer. The market for the used Prius is so strong that some owners are trying to sell them for more than they paid for them.

The survey said that 8 percent of the consumers considered hybrid vehicles in March, twice as much as 4 percent in February. It also said if gas prices reach $3 per gallon 77 percent of car shoppers will seriously consider a more fuel efficient vehicle.

The Prius, which uses an electric motor in addition to a gasoline engine, is estimated by the Environmental Protection Agency to get 51 miles per gallon on the highway and 60 mpg in the city. (Because of its hybrid drivetrain, the Prius gets better mileage in stop-and-go city driving than on the highway.)

The 2005 Prius also had the highest owner satisfaction of any 2005 model, according to an owner survey by Consumer Reports magazine.

Buyers of new Priuses are paying above the sticker price for the cars, which is helping to support the price of the used cars. The new car lists for $20,975 to $26,640, Toyota says.

A spokesman for Toyota told CNN that the wait time for a new Prius hybrid is currently about 2 months, down from 6 months last year because of an increase in production.

Mark Brueggemann, senior analyst for the car pricing service Kelley Blue Book, recommends that buyers wait. "At $4,000 or $5,000 over sticker, you're really paying to be the first on your block to have one," he told USA Today.

The paper reported that George Wu, 35, of Redondo Beach, Calif., listed his 2005 Prius with 180 miles on the odometer for sale at $31,495, which is about $1,000 more than he paid for it.

The article also said that Rich Stevens, 81, of Des Moines owns two Priuses and plans to sell one of them and hang onto the other. His 2004 Prius with 16,000 miles is for sale at $25,000, which he told the paper is about what he paid for it a year ago. He is offering his new '05 model that he waited eight months to get for $29,000, about $1,000 above what he paid. "

wargames · 04-11-2005, 10:52 PM

Bump....

Love Brokers · 04-11-2005, 10:56 PM

I remember the 1973 Arab Embargo! The manufacturers jumped on the band wagon and started producing crappy diesel engine cars becuase the cost for that fuel was about 25Cents cheaper than regular gas. Fuck, a fist fight broke out on the showroom floor of an Oldmobile dealership here in the valley of L.A. over the last diesel modle available! And back then gas was only getting close to a buck a gallon!

I sold my little 16 foot ski boat cause gas was 50cents a gallon

PrivateIvy · 04-11-2005, 10:57 PM

Just one more reason for me to stay at home glued to my computer all the time

Ivy

04-11-2005, 10:33 PM	#1
Mike Okitch Confirmed User Join Date: May 2004 Location: Guantanamo Bay, Cuba Posts: 4,126	You know gas is too expensive when... http://money.cnn.com/2005/04/11/Auto...rius/index.htm "NEW YORK (CNN/Money) - Demand for the gas-electric hybrid Prius is so great that some used Priuses are selling for more than the list price for a new one, a report said on Monday. Buyers who want to avoid the typical two-month waiting period for the hot Toyota model are willing to pay the premium, according a study conducted by Kelly Blue Book and Harris Interactive. Waits at some dealerships can be considerably longer. The market for the used Prius is so strong that some owners are trying to sell them for more than they paid for them. The survey said that 8 percent of the consumers considered hybrid vehicles in March, twice as much as 4 percent in February. It also said if gas prices reach $3 per gallon 77 percent of car shoppers will seriously consider a more fuel efficient vehicle. The Prius, which uses an electric motor in addition to a gasoline engine, is estimated by the Environmental Protection Agency to get 51 miles per gallon on the highway and 60 mpg in the city. (Because of its hybrid drivetrain, the Prius gets better mileage in stop-and-go city driving than on the highway.) The 2005 Prius also had the highest owner satisfaction of any 2005 model, according to an owner survey by Consumer Reports magazine. Buyers of new Priuses are paying above the sticker price for the cars, which is helping to support the price of the used cars. The new car lists for $20,975 to $26,640, Toyota says. A spokesman for Toyota told CNN that the wait time for a new Prius hybrid is currently about 2 months, down from 6 months last year because of an increase in production. Mark Brueggemann, senior analyst for the car pricing service Kelley Blue Book, recommends that buyers wait. "At $4,000 or $5,000 over sticker, you're really paying to be the first on your block to have one," he told USA Today. The paper reported that George Wu, 35, of Redondo Beach, Calif., listed his 2005 Prius with 180 miles on the odometer for sale at $31,495, which is about $1,000 more than he paid for it. The article also said that Rich Stevens, 81, of Des Moines owns two Priuses and plans to sell one of them and hang onto the other. His 2004 Prius with 16,000 miles is for sale at $25,000, which he told the paper is about what he paid for it a year ago. He is offering his new '05 model that he waited eight months to get for $29,000, about $1,000 above what he paid. " __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

04-11-2005, 10:52 PM	#2
wargames Kliris Join Date: May 2003 Location: ca Posts: 10,423	Bump.... __________________ ICQ 212-115-582 Email Steve at Vas Media Group .com

04-11-2005, 10:56 PM	#3
Love Brokers Confirmed User Join Date: Jul 2004 Location: Chatsworth, CA Posts: 1,699	I remember the 1973 Arab Embargo! The manufacturers jumped on the band wagon and started producing crappy diesel engine cars becuase the cost for that fuel was about 25Cents cheaper than regular gas. Fuck, a fist fight broke out on the showroom floor of an Oldmobile dealership here in the valley of L.A. over the last diesel modle available! And back then gas was only getting close to a buck a gallon! I sold my little 16 foot ski boat cause gas was 50cents a gallon __________________ Content Junky www.contentjunky.com ICQ: 135173372

04-11-2005, 10:57 PM	#4
PrivateIvy Confirmed User Industry Role: Join Date: Oct 2003 Location: North Carolina Posts: 4,257	Just one more reason for me to stay at home glued to my computer all the time Ivy