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CNBC reports Hybrid demand has slumped....

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by sorka, Aug 5, 2008.

  1. sorka

    sorka Active Member

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    Last week, I posted this thread and asked the question:
    http://priuschat.com/forums/prius-main-forum/51758-demand-starting-crack-little.html

    And now, just a minute ago CNBC's car guy, Phil Lebeau:

    "I had dealers who a month ago were telling me, listen, I've got a 6 to 9 month waiting list. Some of the dealers are saying, hey guess what, I've got a Hybrid on the lot."

    He didn't specifically say Prius, but I don't think there was ever a 6 to 9 month waiting list for other Hybrids, so he's probably referring to a Prius.
     
  2. abq sfr

    abq sfr New Member

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    Yeah, he has a hybrid on the lot. A used one. For $31,000. My bro went to a Toyota dealer yesterday, not looking for a Prius. They told him (and everybody else visiting the lot) that they have 10 used Prii from Washington, $31,000 each. And there is a 6 to 9 month waiting list for new. So, yeah, they're on the lot, and probably will be for a loooong time at that price.
     
  3. sorka

    sorka Active Member

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    He was talking about specific dealers that told him there was a wait list for new Prius's and those same dealers are now saying they have new ones on the lot now. Even at the height of the craze, you've pretty much been able to go to any dealer and drive off with a used Prius if you were willing to pay the price.
     
  4. JimN

    JimN Let the games begin!

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    If the dealers aren't gouging I'll bet the car that is on the lot "now" won't be there two hours later and wasn't there when the program aired.
     
  5. PriusSport

    PriusSport senior member

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    So the media is turning against hybrids. Wonder why.
     
  6. tochatihu

    tochatihu Senior Member

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    I should not say "turning against" because that implies something new. Several times during Prius' history a month of sales has been lower than the month before, or the same month in the year before. Invariably this stimulates someone to predict "the end of the fad". Have long since given up searching for the retractions published afterwards. Zzzzzz.

    It's just the media doing the best they know how. Perhaps we can forgive such smallness?
     
  7. Celtic Blue

    Celtic Blue New Member

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    There have been several used Prius' on the local dealer's lot recently. (Rentals or share-a-ride.) My new order came in about a month earlier than I expected.

    The dealer acted like they are getting well over new sticker for the used Prius' they are selling. Seems crazy to me, but impulse buyers do strange things.

    Suggestion: Consider ordering new from a lower volume dealer if you have several dealers close enough. I know that sounds counterintuitive, but I noticed the smaller dealer seemed to have shorter wait lists. Edit: by wait list I actually meant overall wait time (not the number of names on the list), the higher volume dealers were quoting longer waits, the little guy got mine in half the time.
     
  8. sorka

    sorka Active Member

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    I ordered mine from a high volume dealer (90 / month) for under MSRP. The wait was 3 months but is now down to 2 for new orders. Even if demand is down some, demand is still high enough that under MSRP still results in waiting lists.
     
  9. cycledrum

    cycledrum PSOCSOASP

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    I saw about 5 Toyo certified Prius' at Sunnyvale this morning ...

    asking $30,000 for a 08 used, pack 4 or 5

    others were from 2005 to 07 all pack 2's , asking in the $27k range, 1 with HOV stickers.

    No thanks.
     
  10. ALLISONWhite

    ALLISONWhite New Member

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    There's more to driving a hybrid car than just saving money. We still really don't know if hybrids are necessarily the answer to all our problems. I think I am much more interested in a hydrogen-powered car.
     
  11. sorka

    sorka Active Member

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    Hydrogen doesn't power cars, the energy used to make the hydrogen does. There's no source of free hydrogen on earth floating around. Hydrogen is just energy storage just like any battery. Once ultra caps and nanotube LiIon batteries are mass produced, their energy density will be better than hydrogen and a lot simpler.

    I'd wager my entire retirement and everything else I have that the fuel cell vehicle will never become economical with the better batteries that are coming.
     
  12. cwerdna

    cwerdna Senior Member

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    FWIW, my mom bought a leftover new 07 NAH back in mid to late Feb 08. The Nissan dealer had at least a couple more (some 07s and 08s). Another Nissan dealer definitely had some 08 NAHs.

    We didn't have trouble finding HyCams either back then.

    I don't know the current situation now, but just in the last month or two, I got a postcard in the mail from Falore Nissan (in Sunnyvale, CA) specifically advertising the 08 NAH and no other vehicles.

    I did hear from a newbie coworker just today that he's #220 on a Prius waiting list at Toyota Sunnyvale. I don't know the ETA they gave him.
     
  13. hill

    hill High Fiber Member

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    Of course sales have slumped over the past few weeks . . . everyone's on a waiting list :D
     
  14. sorka

    sorka Active Member

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    I started out at 184 on Toyota of Sunnyvale's list on 6/12. Then the wait was estimated to be 9 weeks. Toyota of Sunnyvale is one of the few dealers selling Prius's under MSRP which is keeping their list rather large. Fortunately, their allocation is 90+ a month.

    I did an Edmunds dealer inquery in June and nobody responded...probably because I said unless you willing to sell for MSRP, don't bother calling.

    I just did another one for kicks and 4 dealers responded with offers to sell me a Prius at MSRP with waits ranging from none(as in on the lot now) to 2 weeks.

    Toyota of Sunnyvale is going to continue to have a long wait list because their selling at MSRP and *not* adding on stuff that the customer didn't order.
     
  15. stew6789

    stew6789 New Member

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    I got an oil change this morning at O'brien Toyota outside Indianapolis. The Prius waiting list is 6 to 8 months.
     
  16. hill

    hill High Fiber Member

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    Indianapolis is likely the exception. The wait isn't quite so bad at our local Toyota dealer. CNBC's naked statement that 'hybrid demand has slumped' doesn't have the drama, said another way:

    ALL car sales are down, but hybrids are still selling like hotcakes, but not quite as hot as a few weeks ago.

    or:

    The economy is way slow ... so much so, that even hybrids aren't flying off the shelves quite as quick as they were a few weeks ago.

    or:

    Compared to most other cars, hybrid sales are still ahead of the pack.

    Where's the drama in that? :p
     
  17. sorka

    sorka Active Member

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    I'm still getting emails from dealers offering the Camery Hybrid at MSRP. In June, I got an email offering $1000 off MSRP. But 35 MPG doesn't cut it. It's not much an improvement over what I'm getting now and in a far nicer car.
     
  18. DanP

    DanP Member

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    It would depend on whether the dealer is bothering to maintain a waiting list. When I bought my Prius in Dec '04 I had been on a wait list at one dealership for 8 mos. I finally got my car when I called another dealer about 50 miles away. This other dealer was not keeping any waiting list at all: if you called them at the right time and could make your deposit over the phone, you got the car.
     
  19. bruceha_2000

    bruceha_2000 Senior Member

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    Yep. Worked for me in July 2004. Was expecting 6 months minimum, got it in 6 weeks. Wasn't even close to the top of the list at the local 'high volume' dealer.

    A friend just ordered a Prius, wait listed at both the place I got mine and the local. They are not even taking deposits to get on the list anymore, guess they figured out the car will sell no matter what. Both said they thought they could get her a 2008 Barcelona #2 before Sept.. 12th on the list at the 'low volume' dealer, don't know about the local. I figure if they don't have it by the end of Sept, or the first week of Oct, it will NOT be a 2008 because the 2009s will be coming in about then. Don't know how likely their 6 week estimate is though. One color, one package is going to require a lot of luck with the RIGHT car getting to the dealer. I think her only real hope is that some people will be waiting for a 2009 since it is a year 'newer' come resale time.
     
  20. PriusSport

    PriusSport senior member

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    I agree, it's all relative. Non-hybrid car sales have dropped to nothing. Hybrids are selling less than they were with $4 gas, but all sales crashed in October with the financial and stock market meltdown.

    Hybrids selling less? Or hybrids outselling conventional cars? Which is the real story?