Hybrid buyers – Toyota hybrid prices set to rise in May
1.2 – 2.2 percent hybrid price increases set for Spring
Toyota is increasing the prices of all its vehicles heading into summer, a relatively normal practice for automakers, by 1.2 – 2.2 percent. As a result, in May the base price for a Prius will increase to $23,520 from $23,050 according to Cars.com.
If you’re in the market, now appears either the time to act or to wait until after summer, at least.
Today’s gas prices, for instance, are probably going to last through the summer, if not much longer. Already that has been pushing demand for many hybrid cars, especially the Toyota Prius, much higher. Coupled with the supply shortage caused by the Japanese earthquake and hybrid demand could soon outweigh supplies. Moreover, interest rates on new loans and leases are probably as low as they are going to go barring a total economic collapse.
Is now the perfect time to buy a hybrid?
No, but these could be the best of times for some time, especially if today’s gas prices are the new norm.
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