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.
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