August 9, 2008

Hybrids selling out faster than automakers can make them


If you went to a car dealership today to buy a hybrid car you might run into a small problem: There is a chance they are sold out.

Hybrid sales have jumped approx. 67% in the last six months, a combination of high oil prices and the new green trend that is sweeping North America. Hybrid prices have also dropped considerably, making them very affordable and the smarter choice in this era of high gasoline prices.

Stephen Beatty, managing director for Toyota Canada Inc., said his company likely won't be able to keep pace with recent growth in hybrid sales for the remainder of the year because demand is outstripping supply.

In some regions Toyota hybrid buyers may need to wait up to three months for specific models if they are not on dealer lots.

Toyota's Japanese parent is also scrambling for more battery production for its hybrid models because of the heavy demand.

Sales of hybrids for Toyota and its Lexus luxury brand climbed 82% in the first six months of 2008.

General Motors also started offering a hybrid version of the popular Malibu mid-size sedan earlier this year and the company can't keep up with demand.

"Consumer demand has been strong," said Patty Faith, GM manager of media relations.

"We have worked our way through some availability constraints and expect the number will grow in the coming months."

GM also offers hybrid versions of three large sport utility vehicles and will expand the fleet to include Chevrolet Silverado and GMC Sierra pickups later this year.

Sales of the Honda Civic hybrid have shot up 40%. The traditional Civic is already the most popular vehicle in the country.

Ford Motor Co. of Canada Ltd. said sales of the Escape hybrid sport utility climbed 60%. The company will introduce a hybrid version of the Fusion mid-size car early next year.

Popular Hybrids: Toyota Prius, Toyota Camry, Saturn Aura, Ford Escape, Lexus GS, Honda Accord.

No comments:

Post a Comment

Comments containing links will be marked as spam and not approved. We moderate every comment. If you want to advertise on this blog it is $30 per link.

Affordable Website Design & SEO

Looking for a quality professional website designer? Why not go where the smart money is?! Toronto Website Design and Toronto SEO. Get free SEO advice from people who really know the business.

Featured Posts

The Sarcasm Symbol
Ever had some confusion online or with your cellphone when someone fails to catch the sarcasm? Well now with the SarcMark you can ge...
Behold, the Scorpion Hydrogen Supercar
CARS - To the right is the future of supercars... it is a hydrogen supercar called the Scorpion. The Scorpion from Ronn Motors in Texas is t...
Documents show Stephen Harper misusing public funds
CANADA - According to 950+ pages of documents obtained by the Canadian Press under the Access to Information Act the Privy Coun...
Pink's Rosie the Riveter
ENTERTAINMENT - What I like about this video is how it meshes different social movements like feminism, veganism, anti-capitalism...
California's Dustbowl
ENVIRONMENT - The photo on the right is a farm in California that has been put up for sale. Its just one of thousands of farms that are n...
Is Steampunk the New Goth???
GOTHIC - Watch out what you see on the subway late at night because while in 2001 you might have seen some pretty freakish goths, by 20...
Do you have enough Ice Water in your diet?
HEALTH - A Calorie (large C) is a measurement of the amount of energy needed to raise the temperature of a litre of water (1 kg's worth) ...
North Korean timeline towards Inevitable War
POLITICS - The following is timeline of events that have occurred on the Korean Peninsula. 1945 - Japan surrenders to the United States a...
Judgment Day is Tomorrow, so sayeth Cult
RELIGION - According to a cult based in California, Judgement Day is tomorrow (May 21st 2011) and Jesus Christ will return to the Earth a...
Sex in Space Forbidden
SEX/TECHNOLOGY - Sex in outer space is a big no-no according to NASA. Not for professional astronauts at least, but the growing numb...

Popular Posts / Last 30 Days