What Now Of The Hybrid Car Market?
At present, the intense polarization in hybrid car market has left the majority of the American people very confused to the car’s consumer end stability. And for sure, when consumers get confused, its more likely they will be clutching tight to what is theirs for the moment.
Why is the hybrid car market, though so much a raging hype up from 1999 to last year had suddenly gone silent for the past few months? Are we seeing a repeat of the 1980’s Betamax versus VHS legal squabbles?
Several of the most dependable sources aren’t of much help either, and it is clear that they themselves are also groping for answers. In two different rankings for the Top 10 Most Popular Cars compiled by CarGuru.com I found the missing contender; nowhere was any hybrid automobile. Yes, there was one car that made it but it is on a longer list and also farther down that it’s hardly a laudable position. And you should know that consumers made these ranking reports and patterned to the Automotive News sales volume -which leaves me the impression. Are people gobbling up the stories of hybrid automobiles but not yet buying?
So I made a small investigation about the matter, and it does look like the hybrid car’s popularity is tapering off considerably for the moment. Talks about the flagrant overestimation in the EPA fuel economy rating have spread about; overestimation of oftentimes more than 30% is hardly a selling virtue. People had flocked into the hybrid car market, expecting for a messiah that supposedly allows them to save big on fuel consumption. Take that away, and there is simply no point purchasing a very expensive car.
The price sticker is also one reason why people feel all tentative in walking away with a new car. Though quite concealed – literally, disincentive facts and figures are now present on almost every hybrid car market or where there is a word ‘hybrid’. And it is so much an effective deterrent that people found themselves checking with calculators on how much they are likely to save if they sell the SUV to get a hybrid. Even with the best face in Hollywood, if it paints a picture of a long term financial loses; suddenly nobody wants to hang around hybrid talks anymore. Yet another reason would be people that don’t want to end at the wrong end of the bargain. The hybrid automobiles entry into world market is just too early to gauge stability.
Personally, I find this inconvenient reality a regressive attitude. That is because hybrid cars could be the first step towards that future when the US of A won’t be checking anymore the morning news for recent gas price spikes. So here I hope the best for the hybrid car market. But no, I won’t buy one.
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