Hybrid SUV Information

Why aren’t Hybrid SUVs Selling Like Hotcakes?

The hybrid car industry is booming right now. High gas prices and a rising environmental consciousness have consumers lining up to buy the fuel efficient little things. Good luck finding a new Prius or Green Civic. At the same time, the General Motors dealership across the street still has hybrid Tahoes and Yukons that aren’t seeing much action. Sales of hybrid SUVs have been much slimmer than anticipated. GM predicted that it would sell between 8,000 and 12,000 of its hybrid SUVs this year and to date – sales linger around 1,540 combined for both the Tahoe and the Yukon. What’s up with that?

Used hybrid SUV’s are in high demand as an increasing number of buyers are looking for an affordable way to get into their first hybrid vehicle.  There are several likely reasons why more people are now shopping for a used hybrid, beginning with the obvious fact that consumers are really starting to feel the pinch of higher gas prices at the pump.  Even as the demand for gasoline is falling and oil inventories are at historic highs, crude oil sits at a record $104.52 a barrel today.  Across the nation, drivers are now paying an average $3.18 a gallon, up from $2.97 a month ago and $2.49 this time last year (according to AAA).