Are Hybrid Car Sales Headed For A Crash?

<p>With gas prices falling and the amount of federal tax credits dwindling, sales of hybrid cars have hit a downward slide.</p>
December 6, 2006, 10am PST | Christian Madera | @cpmadera
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"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."

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Published on Tuesday, December 5, 2006 in The San Francisco Chronicle
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