Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Toyota Still Leads Hybrid Sales, Competition Quickly Gains Ground

Toyota is still the leader of the gas-electric hybrid market but competition is quickly coming from behind.

During the first quarter sales of gas-electric hybrids have increased 14%, surpassing the 6.3% for new vehicles as a whole. The gas-electric hybrid vehicles account for 3.3% of the market, up from 3.1% last year. Toyota is the leader of the non-plug-in hybrid vehicle sales, with 68%, followed by Ford with 15.4%, Hyundai and Kia with 5.7% and GM with 5.6%.

Toyota might soon lose the lead as rivals quickly gain ground, with Ford selling more than 20,000 hybrids setting the company’s best quarter for these vehicles, thanks to the new hybrids the Fusion and the C-Max. Although Toyota Prius remains the sales leaser, the automaker’s share of hybrid sales has fallen from 75% to almost 68%.

“People are cross-shopping (considering multiple brands) more than ever,” said C.J. O’Donnell, head of marketing for electrification at Ford. “Consumers used to buy hybrids just for fuel economy but now buy them because they like the vehicle as well as the mileage which has lessened some of the sales volatility.”
More inautonews.com

Share

Leave a Reply