Hybrid shopping: Resale value of Prius slowing
The Toyota Prius is a hot vehicle. Used ones sell still sell for more than new ones because some people simply can't wait to get their hands on a new one.
In the past, used Prii could easily fetch $1000-$3000 above sale price and wait times for a new Prius easily stretched as long as 6 months.
Ultimately this lead to several increases in Toyota's hybrid production, which now stands at 100,000 units for this year. Consequently, average wait times have dropped closer to 2 months.
This increase in supply has decreased the profitability of Prius flipping - good news for buyers.(DetroitNews)
More on hybrid car buying.
In the past, used Prii could easily fetch $1000-$3000 above sale price and wait times for a new Prius easily stretched as long as 6 months.
Ultimately this lead to several increases in Toyota's hybrid production, which now stands at 100,000 units for this year. Consequently, average wait times have dropped closer to 2 months.
This increase in supply has decreased the profitability of Prius flipping - good news for buyers.(DetroitNews)
More on hybrid car buying.
Labels: Hybrid Vehicles, prius, toyota
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