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Are Hybrid Car Sales Headed For A Crash?

Posted by: Christian Madera

6 December 2006 - 10:00am

With gas prices falling and the amount of federal tax credits dwindling, sales of hybrid cars have hit a downward slide.

"Carmakers sold 26,249 hybrids in August, the same month the average price of gasoline nationwide hit $3 per gallon.

Since then, gasoline prices have fallen 24 percent, to $2.28 per gallon, and hybrids sales have dropped 31 percent to 18,117 in November, according to Edmunds.com.

By contrast, total U.S. passenger vehicle sales fell 19.5 percent during the same period."

Full Story: Sales Slow For Hybrids
Source: The San Francisco Chronicle, December 5, 2006
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