The state of the hybrid market from the dealer's perspective

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by JackDodge, Jun 30, 2008.

  • by JackDodge, Jun 30, 2008 at 1:00 PM
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    JackDodge Gold Member

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    Location:
    Bloomfield Hills, MI
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    Other Hybrid
    I got my oil changed over the weekend and, as usual, talked to my salesman about how things are going on the hybrid front. Remember, this is the heart of the Detroit 3, and we have a lot of what I affectionately refer to as "3-tards". The dealership relocated from upscale Bloomfield Township to a decidedly more working class area of Waterford which is right next to Pontiac. And, well, business is doing very well. Of course, they can't sell the big Toyota SUVs and pickups. The salesman told me that before things got pretty bad with gas prices, you could get the largest SUV with either zero percent financing or the rebate, but not both. Now, they both come with the deal. I asked if it was helping sell them and the salesman along with another nearby who had been listening both laughed good-naturedly and said in unison "NOOOO" LOL

    The Prius? Last year at this time, they had eight or ten of them on the lot at any given time. Now, there's a four-month wait. They can't even keep Camry hybrids or HiHys on the lot. One young couple was taking delivery on their new Camry hybrid and she was so excited it was hilarious to watch. There's even a shortage of Corollas now, they only had three on the lot when I was there. We also trade hybrid stories. He gets several people coming back complaining that they're only getting 35 mpg with their Prius and the reasons become obvious: Driver is an impatient jerk who couldn't get EPA estimated fuel economy numbers on anything, let alone a Prius. Or, they have the A/C set at 60. Pretty funny, actually.

    I'm told that I shouldn't have much trouble selling my HiHy next year when I may go back to the Prius when the new model comes out but we'll see. I've gotten really fond of the HiHy, regardless of gas prices and since it gets around 32 this time of year, it's a rather painless experience.
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Comments

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by JackDodge, Jun 30, 2008.

  1. Ichabod
    That's good to hear that consumers are showing a little more sense, enough that dealers take note of it.... Even if they're still short-sighted and likely to swing right back to gas hogs if gas prices go down a little!
  2. Rybold
    Over here in California, there are zero new Priuses on the lots, with waiting lists. Corollas and Yarises appear to be in abundant supply, as we see them flying off of the lots, yet oddly there seems to remain an unlimited supply. The only oddity that I don't understand is that preowned/used Priuses seem to be moving off of the lots very slowly. When I conduct a yahoo autos search of used Priuses in within 15 miles of my house, there are about 100. (Although a search for Suburbans turns up a supply of about a thousand). I would think that consumers would be flocking for preowned Priuses. Perhaps there is something about the price-point that I am not seeing. On average, do used Priuses cost more than new ones?
    .
  3. PriusSport
    Most used Prius I've seen on msn.com/auto are priced higher than new ones. Most are probably just ordering new ones.
  4. JackDodge
    It might be the issue of the owners of the pre-owned wanting almost what you can get a new one for so why bother with used when you can get a new one for a couple thousand more?
  5. redhandeddenial
    i recently ahve been thinking about selling my 06 prius and ordering a new 09. i really dont think i could do with out my addison for as long as it would take to get a new one.
    while the f250 is cool, the cost of running it would far exceed any profit i got off my used prius.
  6. C.RICKEY HIROSE
    It might be the issue of the owners of the pre-owned wanting almost what you can get a new one for so why bother with used when you can get a new one for a couple thousand more?

    JackDodge,

    No it is the other way around. You can get the brand new Prius for a couple of "thousand less" but you will never know when your ordered car will be available!
    Now, if you want an used one, pay a couple thousand more and available "Now"
    We as Toyota dealers, when go to dealer's auction and if we see an used Prius
    everyone bids so high for that car and therefore ultimate retail price is, "Higher"
    than the new cars MSRP... with Gas prices through the roof, the "Old" Prius are bringing higher prices than if new ones.. Krazy Markets!
  7. JackDodge
    ever heard of the F450? That beast has a 6.4-liter PowerStroke diesel and can tow 24,500 pounds. It has some really great features such as the rear camera built in to the rear view mirror. It's the ultimate towing vehicle and, surprise, no mention of mpg :D although someone who bought one mentioned on a truck forum that he gets 12.7 mpg unloaded. "In town, stop and go, about the same. Towing a 22000 pound fifth wheel, regular interstate, 8.2mpg. Pulling fifth wheel through the Tennesse mountains, 7.7 mpg." It has a 38-gallon tank which means that it costs $178.60 to fill it up from bone dry at $4.70 per gallon. OUCH!
  8. 4G63
    "only" $4.70 for diesel? thats cheap! its being sold for $5.09 a gallon here!
  9. JackDodge
    Depends on the region, evidently Weekly MPG
  10. morpheusx
    I think that the reason you may see an abundance of Used Prius could also be related to the fact that you can sell it for what you paid for it. Someone who bought one may be wanting to sell it and pay off bills.
  11. timwalsh300
    When I was looking at buying a Prius back in March/April (before the waiting lists and such, thank God) it became clear to me that buying new was my only option. The only used Prii I could find already had WELL over 100,000 miles on them. Many people I know have echoed the same thing. It seems that when people buy a car like the Prius or the Insight it's because they anticipate doing a lot of driving.

    By the way, I have my car listed on Craigslist right now for $8,000-9,000 more than I paid for it. I don't know if I'll get an offer or not, but I'm curious. I could easily take the profit and go without a car until the market cools down. Why would someone pay that much? Well, if they want a Prius, mine is available right now - for a price.

    Tim
  12. C.RICKEY HIROSE
    By the way, I have my car listed on Craigslist right now for $8,000-9,000 more than I paid for it. I don't know if I'll get an offer or not, but I'm curious. I could easily take the profit and go without a car until the market cools down. Why would someone pay that much? Well, if they want a Prius, mine is available right now - for a price.

    Tim

    $8.000 ~ $9.000 more than your initial purchase price? Wow, if you get it, you'll be
    doing better than us the dealers! We normally mark up a couple of grands over auction bid purchase price..
  13. jelloslug
    Just about everything has a price :D
  14. Rybold
    WHOA! Could you imagine having to pay that much for gas??? The craziest part is that although it seems like some distant hypothetical situation for most of us on this website, it is Reality for some people! Every once in a while, I still see people racing around in those jacked up pickup trucks like it was still the year 2000.

    I've been hearing lately that eBay motors is the best place to list cars. I don't know anything about it or what the commission is, I've just heard a lot of people talk about it lately.
    To help attract attention and get your nine grand, you should throw something in to enhance the appeal of your offer. "Brilliant Toyota Prius with free strip club annual passes." LMAO!!! "Brilliant Toyota Prius with HOV stickers and free lapdance tickets included." ROFLMAO!!!! That'll get your phone ringing!
    More realistic, maybe throw in a flat screen television or something in your advertisement. For $9K markup, I assume you have HOV stickers. I'm sure you've come up with some clever marketing for the HOV stickers. You might actually have something solid there. If HOV stickers are no longer being issued, AND Priuses are in high demand, then those HOV stickers are worth more and more every day. Oil hit another all time high again today. Your Prius may sell for $9K markup before you know it. You just have to find the right buyer. You should park it in one of the beach cities on Saturday with for sale signs.
  15. timwalsh300
    The difference is that you guys have to sell cars to make a living. I don't.

    When my girlfriend saw that I had posted it for sale she was almost in tears... "But I LOVE your car!!!" I told her that she too could buy it off me for $30,000 if she wants. :D

    Anyway, I love the car too. So I'm not really trying to sell it like a dealer would be doing. I'm just making it "available." If I never get a buyer I really won't be disappointed.

    Tim
  16. qbee42
    You should see some of the boats in this area. Some of them will put in a thousand gallons of marine diesel, which sells for about 45¢ a gallon more than road diesel. Our marina used to only have a thousand gallon diesel bulk tank, so when the big boats showed up the marina staff would call the distributer and start a tanker relay. Now we have a 10,000 gallon bulk tank.

    Our sailboat, on the other hand, holds 35 usable gallons of diesel fuel. Motoring at fuel throttle without sails we can go for seventy hours on that, which works out to about 500 miles. Cut the speed a bit and you can stretch that out. Sailboats are pretty efficient motor boats, but not very fast. The efficiency goes up a lot when you shut down the engine and use the sails. ;)

    Tom
  17. Fraser
    Sort of a sea-going hybrid, eh?
  18. qbee42
    Exactly. It's amazing how much power there is in the wind.

    Tom
  19. redhandeddenial

    i have seen a few of those, they are monstrous

    have you seen a f650?

    im not joking there is a guy in town that has one. ive been trying to get pics of it for months. it looks like that international truck that recently came out. basically a ford semi with a f450 bed and cab. the dude has blinged out wheels and a thumping stereo in it.

    it looks like this
    [IMG]

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