Used Hybrid Prices Down 25% Since Last Summer
Last summer, hybrids were all the rage. Toyota dealers were selling the Prius as soon as they hit the lot. Demand was so high, consumers were selling used hybrids on Ebay for more than the MSRP of a brand new one.
How times have changed. According to Kelly Blue Book, used hybrid prices have fallen 25% since last summer. Lower fuel prices coupled with the recession has slashed demand.
This is a great example of how demand can dictate the price of cars. Now is looking like a good time to consider a hybrid. You always want to buy when demand is low and supply high and that's certainly the case now.
To add icing on the cake, Honda and Toyota have both recently introduced new hybrids. The all new 2010 Toyota Prius and 2010 Honda Insight will be competing head to head during a time when consumers aren't buying as many hybrids.
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author
Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate
the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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