It's the Environment, Stupid.

Friday, May 19, 2006

Prius - new or used?

Via Yahoo, a CNNmoney.com article about how a used Toyota Prius sells for nearly as much as a new one.

"In one extreme example, used Toyota Priuses are in such demand that they lose almost no value in the first year or two of ownership even after being driven tens of thousands miles.

"For example, a 2005 Toyota Prius that had a sticker price of $21,515 when new could sell for $25,970 used with 20,000 miles on the odometer, according to data from Kelley Blue Book. Since Toyota dealers usually charge a few thousand over sticker for new Priuses, the buyer in this example probably wouldn't have made a profit, but nearly so."

The article says that this trend won't last long as more fuel efficient vehicles hit the streets in coming years.

Interesting what a little jump in gas prices can do to supply-demand.

1 Comments:

  • This reminds me of something my husband related to me recently. He was talking to a fellow reporter about us making an effort to live more ecologically. And the first thing the other guy asks is "So have you bought a Prius yet?" I think Tariq said something in his usual diplomatic way, but if I had been there I would have said, "We've done even better. We don't own a car, baby!"

    This says so much about green consumerism, though.

    By Blogger The Worsted Witch, at 14:52  

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