Hybrid Sales Tumble

Sales of hybrid-electric vehicles in the United States slipped nearly 10 percent in 2008, as falling gas prices combined with a slowing economy to crush demand for the fuel efficient vehicles. In all, American drivers purchased 315,761 hybrid vehicles in 2008, down from 350,430 hybrids in 2007.

Toyota remained far and away the market leader in hybrid vehicle sales, selling 241,405 hybrids in 2008. Still, that was down some 12.5 percent from 2007.
Experts predict that relatively cheap gas prices and a recessionary economy will continue to stifle demand for hybrid vehicles, as Americans prefer larger, more powerful vehicles when fuel is inexpensive. To whit, despite the economy, sales of pickup trucks and sport-utility vehicles increased in December relative to November.

About National Oil & Lube News

National Oil & Lube News is the fast oil change industry's oldest and largest trade publication. Started in 1986 by Steve Hurt (a former fast lube owner) and David Arrington, NOLN has grown and evolved right alongside the fast lube industry. Here at NOLN, our aim is to help fast lube operators with every facet of their business, from operations to technical issues. Our monthly magazine and this regularly updated website contain everything from technical tips, recall announcements and service guides to articles on handling customer complaints, building your brand and making your business the best it can be. With tips and advice from experts both inside and outside the industry, you're sure to learn something that can help your fast lube business grow and prosper.
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