Page added on March 24, 2009
As gas prices continue to drop so do the sales of hybrids. Dealerships are having a difficult time moving the fuel-efficient cars which use electricity and gasoline as power sources.
According to J.D. Power and Associates, hybrid sales have dropped 30 percent during the first two months of this year compared to 2008.
But lower gas prices is not the only factor into slumping hybrid sales; the marketing firm also says it’s the cars price tag. The average hybrid premium is over $6,000, more money than what people are willing to pay right now for fuel economy.
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