Hyrbid Sales Fall in Comparison to Light Vehicles in March 2010
With gas prices remaining somewhat steady during the Obama administration, consumers are not rushing out to buy hybrids. Autobloggreen explains:
The numbers are in for Mach sales and hybrids have fared well compared to last year. Hybrid automakers can't heave a sigh of relief quite yet, because sales have fallen short of the overall industry rise compared to a year ago. The numbers show that hybrid sales are up 18 percent from last March, while light vehicle sales rose 25 percent. Hybrid sales were also below expectations. It's likely that strong incentives for traditional cars and a rebounding economy drove buyers towards conventionally powered vehicles.
The Toyota Prius, despite recall issues by the automaker, still remains the golden child of the hybrid market dominating 53 percent of sales. The Honda Insight is also very popular tripling their sales from one year ago.
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Posted by Jennifer Lance at April 6, 2010 10:52 AM