Report: Hybrid sales fell 48.4 percent in Sept.
Hybrid sales were on a steady month-to-month rise until the government’s Cash for Clunkers program came along. Basically, the Cash for Clunker pulled so many hybrid shoppers into the market earlier than they’d intended to “go green,” that September saw a huge decline in sales of gas-electric hybrid cars and trucks – a huge decline of 48.4 percent.
According to Green Car Advisor, only 19,977 hybrids were sold during the month of Sept., down from 38,701 in August. The decline was the first in several months and was worse than that of a conventional vehicle segment – which saw a decline of 40.9 percent in September.
Sales of the popular Toyota Prius were down 42 percent. Overall, Toyota saw a 39.7 percent decline in its Toyota and Lexus hybrids.
– By: Kap Shah
Source: Green Car Advisor (via AllCarsElectric)