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Gas Prices Revive Car Buyers’ Interest in Hybrids

Investing News Network
Mar. 08, 2011 10:23AM PST
Oil and Gas Investing

USA Today reports that on Monday, automakers and dealers are noticing an uptick in sales of fuel-efficient vehicles as gas prices touched $3.51 a gallon nationwide.

USA Today reports that on Monday, automakers and dealers are noticing an uptick in sales of fuel-efficient vehicles as gas prices touched $3.51 a gallon nationwide.

The market news is quoted as saying:

Toyota’s Prius, which has a commanding lead in market share among hybrids, saw a 69.9% sales increase in February compared with February last year, Autodata reported. Among others, Honda’s Civic hybrid had a 53.8% sales increase, and sales of Ford’s Fusion hybrid were up 11.7%.

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