... 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.