Automotive: Hybrid cars in demand, but in absentia
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Manufacturing News, Source : The Manufacturer US
Published : 11 Apr 2006 0:12
Gas-electric hybrids are in high demand and low supply, according to J.D. Power & Associates, and to US car dealers. J.D. Power estimates that in 2005 about 212,000 hybrid vehicles were sold, which reached just 1.3 percent of the total market.
As Honda dealer Joni Romer told the Sacramento Business Journal, "We only get about three [hybrid cars] a month, and we could sell 10 to 20 times that."
J.D. Power & Associates predicts that by US hybrid sales will reach 780,000 vehicles by 2012, or 4.2 percent of the market. The think-tank foresees 52 hybrid models, versus the 11 available today.
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