According to a recent report by Autoblog, both new and used hybrid vehicles are experiencing high turnover rates at dealerships. This news comes as a surprise to many in the automotive industry, as hybrids have traditionally been seen as a niche market with slower sales compared to traditional gasoline-powered vehicles.
The report found that new hybrid vehicles are selling at a much faster rate than expected, with some dealerships reporting that they are struggling to keep up with demand. This is likely due to a combination of factors, including rising gas prices, increased awareness of environmental issues, and improvements in hybrid technology that have made these vehicles more appealing to consumers.
In addition to new hybrids, the report also found that used hybrids are flying off the lots at dealerships. This is good news for both buyers and sellers, as it indicates that there is a strong market for pre-owned hybrid vehicles. This trend is likely driven by the fact that hybrids tend to hold their value well over time, making them a smart investment for those looking to save money on fuel costs in the long run.
Overall, the high turnover rates for both new and used hybrids suggest that these vehicles are becoming increasingly popular among consumers. This is a positive sign for the automotive industry as a whole, as it indicates that there is a growing demand for more fuel-efficient and environmentally friendly vehicles.
As hybrid technology continues to improve and become more affordable, it is likely that we will see even higher turnover rates for these vehicles in the future. This is good news for both consumers and the environment, as it means that more people are choosing to drive vehicles that are better for the planet and their wallets.
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- Source: https://zephyrnet.com/many-new-and-used-hybrids-dont-sit-on-dealers-lots-for-very-long-report-autoblog/