Aging Prius, dropping gas prices putting hurt on hybrid, EV sales

Aging Prius, dropping gas prices putting hurt on hybrid, EV sales

October 25, 2014 by · Leave a Comment 

Filed under: Car Buying , Hybrid , Toyota , Electric “As Prius represents by far the biggest chunk of the hybrid marketplace, where Prius goes, the segment goes,” – Ed Kim, Autopacific Fuel prices in the US have been tumbling for the last several weeks, with the average price of a gallon of gas at $3.120 as of October 20, according to the US Energy Information Administration. That price reflects a serious recent drop from $3.299 on October 6. Reports have even suggested that those low numbers might not change for a little while , perhaps as long as years. While drivers certainly love paying less at the pump, the change may be hurting the market for more fuel-efficient models, including the Toyota Prius . According to a report from National Public Radio, sales of hybrids, plug-ins and EVs are down around 5 percent for the year , but trucks and SUVs have seen a 17 and 20 percent improvement, respectively. Autoblog Green’s By the Numbers reports indicate similar figures of around a 5.4 percent drop so far in 2014. In fact, as of September, green-car sales have endured their fourth straight month of declines . That segment of the market fell 11 percent year-over-year in August and 9.6 percent in September. “As Prius represents by far the biggest chunk of the hybrid marketplace, where Prius goes, the segment goes,” Ed Kim, Vice President of Industry Analysis at AutoPacific tells Autoblog . That paints a bleak picture for hybrids, because at the moment, the Prius is doing pretty poorly.

Aging Prius, dropping gas prices putting hurt on hybrid, EV sales

Aging Prius, dropping gas prices putting hurt on hybrid, EV sales

October 25, 2014 by · Leave a Comment 

Filed under: Car Buying , Hybrid , Toyota , Electric “As Prius represents by far the biggest chunk of the hybrid marketplace, where Prius goes, the segment goes,” – Ed Kim, Autopacific Fuel prices in the US have been tumbling for the last several weeks, with the average price of a gallon of gas at $3.120 as of October 20, according to the US Energy Information Administration. That price reflects a serious recent drop from $3.299 on October 6. Reports have even suggested that those low numbers might not change for a little while , perhaps as long as years. While drivers certainly love paying less at the pump, the change may be hurting the market for more fuel-efficient models, including the Toyota Prius . According to a report from National Public Radio, sales of hybrids, plug-ins and EVs are down around 5 percent for the year , but trucks and SUVs have seen a 17 and 20 percent improvement, respectively. Autoblog Green’s By the Numbers reports indicate similar figures of around a 5.4 percent drop so far in 2014. In fact, as of September, green-car sales have endured their fourth straight month of declines . That segment of the market fell 11 percent year-over-year in August and 9.6 percent in September. “As Prius represents by far the biggest chunk of the hybrid marketplace, where Prius goes, the segment goes,” Ed Kim, Vice President of Industry Analysis at AutoPacific tells Autoblog . That paints a bleak picture for hybrids, because at the moment, the Prius is doing pretty poorly.

Scion FR-S Races to the Top

May 14, 2014 by · Leave a Comment 

TORRANCE, Calif., (April 16, 2014) – The view from the top looks pretty nice. The

Toyota Sienna Minivan One of ’12 Best Family Cars for 2014′ Says Kelley Blue Book’s KBB.com

February 14, 2014 by · Leave a Comment 

TORRANCE, Calif., (Feb. 14, 2014)

Happy Trails, FJ Cruiser

November 10, 2013 by · Leave a Comment 

LAS VEGAS, Nov. 5, 2013 — It’s finally here…and then it’s gone.

Scion FR-S Repeats SEMA Win as Hottest Sport Compact

November 9, 2013 by · Leave a Comment 

TORRANCE, Calif., (Nov. 5, 2013) – It’s back again for the win. Judges today named the Scion FR-S the Hottest Sport Compact for the second year at the 2013 Specialty Equipment Market Association (SEMA) Show in Las Vegas. Last year marked the first appearance of the FR-S at SEMA.

Take a Tour of Scion at SEMA

October 31, 2013 by · Leave a Comment 

TORRANCE, Calif., (Oct. 30, 2013) – Performance, technology and the young entrepreneur influenced the Scion vehicles on display at the Specialty Equipment Market Association (SEMA) Show Nov. 5-8. The collection of five builds will be located at Booth 20313, alongside three 2014 Scion tCs competing in the Scion Tuner Challenge.

2013 Toyota Avalon Hybrid

2013 Toyota Avalon Hybrid

October 21, 2013 by · Leave a Comment 

Filed under: Hybrid , Sedan , Toyota , New Car Reviews People, us included, make a big stink about the importance of family sedans. There’s no doubt they’re critical – they represent a huge slice of the market’s annual sales and profits. However, despite accounting for far fewer transactions than the midsize sedan segment, the fullsize sedan is getting attention from manufacturers now that our market’s entire lineup of those (slightly) smaller four-doors has turned over in the last two years or so. As most of the fullsize segment’s mainstays derive a fair bit of their platform and powertrain technologies from their midsize cousins, these larger four-doors offer the potential for fatter profit margins, too. And with the newly stylish duds found on many of the industry’s most successful midsize sedans, it’s only right that automakers no longer think about fullsizers as big, squishy, vanilla family haulers with flat seats, vague steering and a thin layer of ‘luxury’ in the form of faux wood trim. As manufacturers have again started diving into large sedans feet-first, the cars themselves have become sharper. The interiors are now of a higher quality and loaded with tech, while the exteriors have become further extensions of each manufacturer’s design language. There’s perhaps no greater example of this than the Chevrolet Impala and Ford Taurus , two models that evolved from subpar offerings into market leaders. This segment-wide transformation happened quite quickly, whether because of coincidental timing or because manufacturers are trying to get more out of their big cars, recognizing they account for a small portion of overall sales (just 3.5 percent of the new-car market in the first half of 2013). The 2013 Toyota Avalon Hybrid is one such vehicle.

Toyota hits 10 million Camry models sold in US

Toyota hits 10 million Camry models sold in US

July 3, 2013 by · Leave a Comment 

Filed under: Car Buying , Coupe , Sedan , Wagon , Toyota This year marks 30 years of sales for the Toyota Camry in the US, and in that time, it has amassed more than 10 million sales. In its first year on the market, the Camry sold 52,651 units, but it has gone on to become the best-selling car in the US for the last 11 years. Toyota says that “virtually all” current Camry models sold in the US are made here, and three-quarters of all Camry contents are domestically sourced. Scroll down for the official press release from Toyota, and be sure to check out our gallery of images showing every model year and bodystyle of the Camry since it first went on sale in 1983. Continue reading Toyota hits 10 million Camry models sold in US Toyota hits 10 million Camry models sold in US originally appeared on Autoblog on Tue, 02 Jul 2013 14:15:00 EST. Please see our terms for use of feeds . Permalink

Lack of new midsize pickup models driving strong resale values for older models

Lack of new midsize pickup models driving strong resale values for older models

June 28, 2013 by · Leave a Comment 

Filed under: Car Buying , Truck , Chevrolet , Nissan , Toyota According to a new study by Black Book , the fact that there are fewer mid-sized pickup truck options on the market is driving up the retail cost of used models. During the month of June, used vehicles from model years 2007-2011 depreciated an average of 1.3 percent across the board, but midsize pickups of the same year saw their value decrease by just 0.7 percent on average. Look across the past year, and the market as a whole saw those cars depreciate by 13.7 percent while midsize pickups saw their value decline by a mere 5.1 percent. Ricky Beggs, senior vice president and Managing Editor with Black Book, says midsize pickups are holding their value better than other products on the market due to the fact that there are so few brand-new options available. Currently, only Chevrolet , Nissan and Toyota offer midsize pickup trucks. Honda has a player in the game in the form of the Ridgeline , which is a sort of cross between a traditional pickup and a crossover, and the discontinued Ford Ranger falls into a smaller size class that no longer exists in the US. What’s all this mean to you? If you happen to have a set of keys to midsize pickup in your pocket, you’ve made a good investment. Don’t expect to see the machine depreciate as quickly as other vehicles on the road. Conversely, if you’re in the market, expect to pay a bit more than you might have expected for a non-fullsize pickup truck.

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