Friday, July 25, 2008

Hybrids Dominate Auto Lease Searches

Hybrid vehicles are becoming more widely available in the used market now since there have been a few years of production now. Consumers are struggling to pay for their fuel so it is no surprise that searches for hybrid automobiles are on the rise. The Toyota Prius is said to be up in searches over 500% over the last year.

While I'm more worried about my air conditioning compressor at the moment, it doesn't hurt to see just what the hybrid market is doing as well.

Automobile Consumer Services, Inc. (ACS), the leader in online direct-to-consumer auto leasing, released a list of the top 10 most requested vehicles from its popular auto leasing website. Information was collected during the first half of 2008 from more than three million lease quote requests. "We have seen a huge increase in requests for hybrid models with the Toyota Prius up over 500% from the last half of 2007," says Tarry Shebesta, President of ACS and a certified lease consultant. "And, for the first time, used hybrid demand is increasing because of the waiting list for many of the new models." read more

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