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Prices Paid: Buying & Leasing Experiences 2004-2009 Toyota Prius Prices Paid and Buying Experience
1971 messages, Last post on Sep 10, 2009 at 9:17 AM
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Replying to: carnaught (Jun 08, 2008 9:22 am) The resale will remain high for as long as there a is low supply of the Prius on the used car market.
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Replying to: medolas (Jun 08, 2008 5:07 am) |
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Replying to: jaxs1 (Jun 08, 2008 10:26 am) You are saying that there won't be current generation Prius' flooding the used car market in the near future??? I don't see how there wouldn't be. As soon as the new hybrid vehicles come out, people will be ditching their Prius' just like they ditched their 1st generation iPhones for the 2nd generation iPhone and iPods for iPod Touch. Ever hear of keeping up with the Jones???
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Replying to: djhalptert (Jun 08, 2008 6:02 pm) There is little demand for used PCs and there is plenty of demand for used vehicles with high MPG which will include used Prius cars even without having the newer battery from the upcoming redesign. It was a ridiculous comparison. A car is not an iPod that is thrown away every other year. eBay is flooded with more used iPods than the market can bear and the same is not true with the Prius. Are used 2003 first generation Prius sedans overflowing used car lots? At some point in the future there will be plenty of used cars that average 45 mpg plus on the used car market, but that is many years away. The used car market will quickly soak up the used Priuses that are replaced with new ones unless there is a major drop in gas prices. |
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Replying to: jaxs1 (Jun 08, 2008 6:15 pm) Yes, there will still be demand for the Prius but there will be MORE DEMAND FOR THE NEWER TECHNOLOGY. Anyone who thinks the current 2008-09 Prius will out demand ANY future hydrogen or electric or even gas/electric hybrid is just plain ignorant. People want new technology. That's the reason so many Prius's have sold. New technology attracts buyers. Necessity is the mother of invention. Invention is the mother of sales.
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Replying to: jaxs1 (Jun 08, 2008 6:15 pm) Hmmmm....no...I wonder why? Ever hear of Wikipedia??? Toyota announced on June 7, 2007 that it had sold 1 million hybrid vehicles globally, nearly 345,000 of the first 1 million hybrid cars made by Toyota were sold in Japan. U.S. sales of the Prius began in August 2000. By 2001 sales there totaled 15,556, and by 2002 had reached 20,119. In 2004 sales there were 53,991. ACCORDING TO A 2004 SALES REPORT, THERE WEREN'T EVEN A COMBINED TOTAL OF 54,000 PRIUS SOLD IN THE U.S. |
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Replying to: djhalptert (Jun 08, 2008 6:31 pm) Even the previously nearly worthless older Geo Metros are in demand now and values have skyrocketed.  Mass market hydrogen and fuel cell vehicles in the price range of the Prius are a long way away. With the economy the way it is I bet there will not be a mass exodus of current generation Prius owners replacing their cars with the new model with the same flippant whim they would dump last year's hand held electronic gadget. Some people will still trade for the new model, but not the high percentage that would if the economy was booming The added demand caused by the very high fuel prices is going to support the values of high mpg vehicles more than what's historically typical when car models have been replaced in the past when gas was cheap.
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Replying to: jaxs1 (Jun 08, 2008 8:37 pm) However, if the car industry would start selling 60-80hp cars like the Metro, the iQ, or any of the dozens of similar European cars those would be at least the equal of the current Prius in terms of depreciation. Say, in 2012 do you want a 60mpg PHEV Prius for $45,000 or a used 45mpg Prius for say $20,000-25,000? The fuel difference is 72 gallons per year. Remember fuel efficiency is a diminishing return. To go from 60 mpg to 100 mpg only saves 80 gallons per year and it becomes very expensive to eke out those few gallons of savings--lithium batteries, components, carbon fiber body, expensive metals and fabrication. At the UCBerkeley energy conference, March 1-2, the expert on hydrogen cars said that they are way far from feasible: 1) on-board storage is very difficult, dangerous, expensive. 2) Hydrogen is very difficult to obtain--microbial manufacture or hydrolysis of water are hugely inefficient. Both edmunds and Consumer Report project Yaris, Civic, Fit and Prius among the very cheapest cars to own over the next five year period, taking into account gasoline futures, depreciation, maintenance, insurance, etc. The difference between Prius and Fit or Yaris is about 90-100 gallons per year. |
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Here are some mpgs and gallons used over a 60,000 mile (5year) period. Just add your own estimate of fuel prices to get an idea of the value of buying a fuel efficient car. I threw in a few dollar figures which represent the cost/month for gasoline at $20/gallon (five years from now?). From this you can see that the "sweet spot" is 50mpg inexpensive conventional cars like the Metro (but nowadays with much, much better quality). Anyone remember the 50hp, 60mpg diesel Rabbit from the 70s? Call Honda and Toyota and tell them to bring em. 15mpg (SUV) 4,0000 gallons 18mpg (minivan) 3,300 23mpg (Camry, Accord or similar) 2,600 30mpg (approx. Civic, Corolla) 2,000 $670 34mpg (certain Yarises, Fits) 1,760 $590 38mpg (used Echo, manual) 1,580 42mpg (Prius, touring) 1,430 44mpg (Prius, base, standard) 1,360 $450 44mpg (various inexpensive conventional European cars, iQ) 1,360 50mpg (50-60hp conventional car) 1,200 $400 mpg-equivalents, speculative 60mpg (theoretical PHEV Prius costing extra $10k over Prius) 1,000 $330 100mpg (Popular Mechanics concept car, PHEV, expensive) 600 $200 |
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Replying to: bob104 (Jun 07, 2008 5:31 pm) Does Toyota make a bicycle? If so it probably costs $1,000 more than a similar American bike.
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