Regardless of where you live, the weathermen seem to be offering the same warning: It’s going to be a scorcher. We’ve seen heat waves hit nearly every part of the globe this summer, and despite coming off one of the most brutal winters on record, we’re already tired of the heat and humidity here in Boston. Being in the northeast, central air conditioning isn’t a given. However, unless you paid Porsche for a new Boxster Spyder, you’ll most likely be able to find some relief in your car.
The shape of the Toyota Prius defines it as much as its name. In its earlier days, people wanted the hybrid to look different so it was immediately clear to other motorists that the driver cared for the environment and believed in saving money at the pump. That was a time when hybrid buyers were more Ed Begley, Jr., than regular families looking to save a few bucks.
Of course, the Prius’ wedge-like shape also contributes greatly to aerodynamics, helping push mileage figures ever higher.
The current-generation Prius has looked mostly the same since the Bush Administration. Can a new Prius, that looks nothing like a Prius, still sell well for Toyota?
Let’s talk fuel efficiency.
Gas prices keep going up, people keep complaining, blah blah blah. Nothing new to report there.
It’s the cars that people choose to buy as prices rise that remains an interesting, though somewhat predictable, topic. One new highly efficient car has outsold the February totals of both the Chevy Volt and Nissan Leaf.
In just three days.
My intent today was to write a story about the most stolen vehicles in America. And I’ll get to that.
While researching the story, though, I came across a newscast by AutoNews that said used car buyers are paying as much as $3,000 more than they did just six months ago. Kelley Blue Book similarly reports that used cars are now “more expensive than ever.”
That’s great if you happen to be in the business of selling used cars or have a car you want to unload. But it sucks for car buyers and only makes some vehicles even more appealing to steal.
As supply dwindles and production continues to sputter, new-car shoppers are already seeing higher prices for some of the more fuel-efficient Japanese vehicles.
The cost of the imports is going up, because earthquake-related production shutdowns in Japan are reducing supply of the autos that people are increasingly snatching off dealer lots.
That’s a simple supply-and-demand equation, with cars like the Toyota Prius and Honda Fit becoming more popular as gas prices get closer to $4 per gallon. It just so happens those are also two of the cars hard-hit by production slowdowns, and dealers are raising their prices, in some cases, to over MSRP.
Will a similar price increase trickle down to used cars? It’s entirely possible.