When gas prices in the United States reach $4.00 per gallon, the hybrid and iconic Toyota Prius also reaches new popularity in demand….even if it is used.
Kelly Blue Book is reporting that a 2010 Prius with 22,500 miles was selling in April for an average of $24,705 when sold by a private party.
That may not seem like such a big deal but when you consider that the starting price of a Prius is $22,150, you’ll soon see why very gas prices also mean very high Prius prices…even for used cars.
The Prius is one of the only cars sold in the United States that can achieve 50 MPG.
But the same can also be said for a new 2011 Prius.
Edmunds.com says that the cost of a new Prius the first week of May was $64 more than its average sticker price of $25,926.
In other words “some” dealers are getting above sticker for the 2011 Prius. Keep in mind hat the Prius is built in Japan and until recent Toyota has been unable to produce the hybrid high mileage car because of the tragic aftermath of the Japanese Tsunami.
A Toyota spokesman says that the combination of low supply and high gas prices means that dealer lot inventory on the Prius can be “measured in hours,” and not days.
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