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Hybrid Vehicles Hybrids - News, Reviews and Views in the Press
567 messages, Last post on Oct 30, 2009 at 9:21 PM
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Replying to: larsb (Apr 30, 2009 5:50 am) Until I see the text, I don't believe it. If Toyota is getting 3500 dollar profit for a Prius Package 2 at 21500 as they are being sold today with incentives, I would be very surprised.
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Replying to: bamacar (Apr 30, 2009 11:11 am) It makes a lot of sense since most of the numbers have been known for some time now. The selling price to the customer has little to do with the revenue to the vehicle maker. Until recently there were no rebates at all on the Prius. There was a $600 to $2000 discount introduced on the sticker back in June of 07 which is when I believe that the vehicles 'went positive'. Those sticker discounts have recently been increased in order to blow out the last of the 09s and a $1000 rebate has been added.
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In Apr-2009, some 21,000 hybrid vehicles were sold. Toyota - 12K + Honda - 5K + Ford - 2K + GM - 1K + I guess Hybrids are picking up. All expectations are on Prius-III. More important is automaker should reduce the Hybrid Premium.
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Replying to: yerth10 (May 01, 2009 7:32 pm) Both Toyota and Honda are in the process of doing just that. The new Insight II is the same technology as the HCH but the Insight II is about $2000 less than the HCH. Toyota added sticker discounts to the 2009 Prius of ~$500 to $1000. Then it added a $1000 rebate. Then it published the 2010 prices and these are ~$300-$500 lower yet in MSRP. IOW the new 2010 full MSRP on a standard model will be about $2000 lower than the similar vehicle sold last summer. Hybrid premium goodbye. |
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Replying to: kdhspyder (Apr 30, 2009 11:04 am) "But Chrysler's future seems to rest on the politics of small, fuel-efficient cars and protection of union labor. Washington doesn't seem to understand that no auto company, not Toyota, not Honda, not Hyundai or Kia or Ford, earns a profit on their small cars." Toyota has publicly justified it's willingness to sell its patented hybrid technology to others on the need to recoup the huge capital costs involved. Maybe they have by now. I don't know. But we know that Detroit has long acknowledged their inability to make money on small cars. And other auto commentators remain convinced that the Prius has yet to make money. The issue is at least in doubt. |
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Replying to: kdhspyder (Apr 30, 2009 11:40 am) There were hybrid enthusiast on this forum that claimed Toyota was making a profit on the first Prius sold here. I have to agree with those that claim it is an unknown. We do know someone is losing billions on the cars sitting in huge lots. How many 1000s are Prius? How many of those expensive batteries will be ruined just sitting for months on end without being kept charged up? I know my friend that has been screwed by Toyota finance on his Prius will never buy another Toyota. I suggested a Jetta TDI when he gets settled into his pastorate in Maui. I probably own the last Toyota I will ever buy. They are suffering from the same arrogance that has brought GM to its knees. |
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Replying to: gagrice (May 02, 2009 7:29 pm)
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Replying to: larsb (May 03, 2009 4:55 am) The big Island does not have the supply of biodiesel available on Maui at this time. Making it less desirable. Not many places on any of the islands for going in excess of 55 MPH. In all fairness the Prius was a good option for Hawaii. Too bad Toyota has such a worthless financial arm. Toyota will not allow lease transfers to other states. Sadly they owe too much to get a loan. And are not in any financial position to buy the Prius. It is on a 5 year lease similar to the SubPrime lending mess. Toyota needs to be investigated by the lending regulators.
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Replying to: gagrice (May 02, 2009 7:29 pm) There were hybrid enthusiast on this forum that claimed Toyota was making a profit on the first Prius sold here. I have to agree with those that claim it is an unknown. We do know someone is losing billions on the cars sitting in huge lots. How many 1000s are Prius? How many of those expensive batteries will be ruined just sitting for months on end without being kept charged up? I know my friend that has been screwed by Toyota finance on his Prius will never buy another Toyota. I suggested a Jetta TDI when he gets settled into his pastorate in Maui. I probably own the last Toyota I will ever buy. They are suffering from the same arrogance that has brought GM to its knees. I made that claim in a number of different places including here because it has to do with the specific rules of accounting. That was my major in college many years ago but the basic rules haven't changed much at all. It has to do with accruals. That's why I said several posts back that it's an interesting discussion and the numbers show that the vehicle was profitable from the beginning, maybe not the first year but certainly from the beginning of this Generation onward. What Maryann Keller doesn't understand apparently is the concept of 'breakeven' or how the rules of cost accounting are applied to a manufactured product. I know that you have had a burr in your saddle since forever against Toyota. I haven't. Such is life our experiences balance out each other.
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Replying to: gagrice (May 03, 2009 7:27 am) There are also websites which facilitate people picking up other people's car leases which they cannot keep, for whatever reason. It worked out great for me. |
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