Monday, July 7, 2008

Supply Demand in full effect

A brand new Toyota Prius would set you back for about $22 000. (excl tax and title)
Due to high gas prices and the shortage of hybrid vehicles (only 180 000 Prius' produced this year, 1 000 000 next year) something extra ordinary has happend on the market place.
That same Toyota Prius is now selling for$28000 and that is a second hand car with about 25000 miles. (carmax) There is no Toyota dealer where you can find a Prius at that $22 000, they have all marked up the cars by more than $6000.
Until the supply has caught up with the demand, it is definitely NOT a good time to buy a hybrid right now.

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