atlaw4u
04-21-2008, 09:17 AM
Industry expects trend to continue this year as other vehicle sales struggle (http://www.msnbc.msn.com/id/24230209/)
http://www.cleanmpg.com/photos/data/501/Prius_II_60_-_51_sticker.jpgAP - April 21, 2008
Kim Fenske drives a bus in Colorado by day, but when he’s not working, he zooms around the mountains in a 2007 Toyota Prius.
Fenske, an attorney by training who has also worked as a forest ranger, was an environmentalist long before hybrid cars like the Prius hit the market. In the early 1990s, he ran unsuccessfully for the Wisconsin state legislature on a renewable energy platform.
But he recently decided to go one step further and make an environmental statement with his car.
“My decision is a very political decision. I want to get people in this country off their dependency on foreign oil,” said Fenske, 48, who lives at the Copper Mountain ski resort near Frisco.
A growing number of buyers feel like Fenske. U.S. registrations of new hybrid vehicles rose 38 percent in 2007 to a record 350,289, according to data to be released Monday by R.L. Polk & Co., a Southfield-based automotive marketing and research company.
Hybrids made up just 2.2 percent of the U.S. market share for the year, but they were growing steadily even as overall sales declined 3 percent.
Lonnie Miller, director of industry analysis at Polk, said rising gas prices may affect some buyers, but they’re not the main driver of hybrid sales. Instead, he thinks sales jumped in 2007 because buyers had more options, including the new Nissan Altima, Saturn Aura and Lexus LS600h hybrid sedans and hybrid versions of the Chevrolet Tahoe, GMC Yukon and Mazda Tribute sport utility vehicles.
“The gas price thing is a constant that is keeping consideration in their minds,” Miller said.
Another important factor is that hybrids have been on the market long enough for consumers to trust the technology, Miller said. The Prius, the second mass-market hybrid after the Honda Insight, went on sale in the U.S. in 2000.
The Prius remained the best-selling hybrid in 2007, commanding 51 percent of the hybrid market, up from 43 percent in 2006 despite the influx of new hybrids…http://www.msnbc.msn.com/id/24230209/
http://www.cleanmpg.com/photos/data/501/Prius_II_60_-_51_sticker.jpgAP - April 21, 2008
Kim Fenske drives a bus in Colorado by day, but when he’s not working, he zooms around the mountains in a 2007 Toyota Prius.
Fenske, an attorney by training who has also worked as a forest ranger, was an environmentalist long before hybrid cars like the Prius hit the market. In the early 1990s, he ran unsuccessfully for the Wisconsin state legislature on a renewable energy platform.
But he recently decided to go one step further and make an environmental statement with his car.
“My decision is a very political decision. I want to get people in this country off their dependency on foreign oil,” said Fenske, 48, who lives at the Copper Mountain ski resort near Frisco.
A growing number of buyers feel like Fenske. U.S. registrations of new hybrid vehicles rose 38 percent in 2007 to a record 350,289, according to data to be released Monday by R.L. Polk & Co., a Southfield-based automotive marketing and research company.
Hybrids made up just 2.2 percent of the U.S. market share for the year, but they were growing steadily even as overall sales declined 3 percent.
Lonnie Miller, director of industry analysis at Polk, said rising gas prices may affect some buyers, but they’re not the main driver of hybrid sales. Instead, he thinks sales jumped in 2007 because buyers had more options, including the new Nissan Altima, Saturn Aura and Lexus LS600h hybrid sedans and hybrid versions of the Chevrolet Tahoe, GMC Yukon and Mazda Tribute sport utility vehicles.
“The gas price thing is a constant that is keeping consideration in their minds,” Miller said.
Another important factor is that hybrids have been on the market long enough for consumers to trust the technology, Miller said. The Prius, the second mass-market hybrid after the Honda Insight, went on sale in the U.S. in 2000.
The Prius remained the best-selling hybrid in 2007, commanding 51 percent of the hybrid market, up from 43 percent in 2006 despite the influx of new hybrids…http://www.msnbc.msn.com/id/24230209/