These are booming times for small car makers and sky-high fuel prices are causing some pretty interesting situations for the sale of high mpg vehicles.
Toyota can’t make copies of its Prius hybrid fast enough for the swelling demand, that’s bad news for Joe Consumer who’s just trying to cut down on his commuting costs every week, but great news for the dealers who are handing out the keys. J.D. Power has calculated that so far this summer (through the first three weeks of July) the average new Prius has spent only five days on dealer lots, while used 2007 model cars last only a bit longer at 20 days.
That super-quick turnaround time is impressive, but what’s even more startling is the premium at which buyers are willing to purchase used Prius.
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