Motor Trends
Looking for a new car that will retain its resale value? You couldn't do any better than a Toyota Prius. According to this report in CNN:
High demand for the Prius and other hybrid-electric vehicles is no doubt driven in part by high fuel prices. According to a new survey from Consumer Reports, more than a third of American drivers are thinking about swapping out their current ride for something more efficient. Of those, half are eyeing a hybrid.
Meanwhile, the 10-mpg Hummer H1 -- the original civilian Humvee -- has finally bitten the dust. GM says the last of the behemoths will roll off the assembly line in June.
If you're looking to get more mileage out of your car -- and, at $3 a gallon, who isn't? -- check out our handy dandy MPG calculator. See what a simple hike in CAFE standards would do for both your pocket book and the planet.
... a 2005 Toyota Prius that, when new, had a sticker price of $21,515 could now sell for $25,970, even with 20,000 miles on the odometer. ... Since Toyota dealers usually charge a few thousand dollars over sticker for new Priuses, the buyer in this example probably wouldn't have made a profit, but nearly so.Compare that to the ordinary scenario where, as a general rule, a car depreciates from the moment you drove off the lot, generally losing its value at a rate of about 15 to 20 percent a year.
High demand for the Prius and other hybrid-electric vehicles is no doubt driven in part by high fuel prices. According to a new survey from Consumer Reports, more than a third of American drivers are thinking about swapping out their current ride for something more efficient. Of those, half are eyeing a hybrid.
Meanwhile, the 10-mpg Hummer H1 -- the original civilian Humvee -- has finally bitten the dust. GM says the last of the behemoths will roll off the assembly line in June.
If you're looking to get more mileage out of your car -- and, at $3 a gallon, who isn't? -- check out our handy dandy MPG calculator. See what a simple hike in CAFE standards would do for both your pocket book and the planet.
6 Comments:
GM released news today that in an effort to increase sales of some of their least fuel-effiencent vehicles, including the Tahoe and H2 and H3, that they will cap gas prices at $1.99 for buyers in California and Florida. Buyers will be credited on a monthly basis the difference between the average premium fuel price for their state and $1.99. - The Sierra Club has stated time and again that the Auto industry has existing technolgy that allows manufactuers to increase fuel efficency to 40 MPG on all vehicles. I do not know if this is true or not, but if it is why are automakers going to such lengths to keep selling vehicles with such low efficeny standards?
anonymous: you're kidding, right? tell me you're kidding.
straight out of the horse's mouth. anonymous is not kidding
Wow, reading further the spin is great:
"This program gives consumers an opportunity to experience the highly fuel-efficient vehicles GM has to offer in the mid-size segment"
Huh?
They are essentially paying people to drive these cars! How long would it take to pay off your car given there is no mileage limit and the offer is good til 2007?
Madness! Total madness!
If you look at total energy consumed over the life of a vehicle, which includes manufacturing and disposal, hybrids are among the worst consumers. Worse than the big SUVs like Chevy Tahoe and Hummers. Gas milage is only one aspect of the total environmental impact of a vehicle.
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