Hybrid cars have been a popular choice for drivers looking to cut down on fuel costs, but results of a recent study show they may not be happy with their experience. According to the research group Polk, only about 35 percent of people who bought a hybrid car did so again for their next purchase.
The findings are bit surprising given that the number of hybrids has increased significantly over the last five years. And interestingly, when consumers went back to buy a new car, they chose a vehicle from the same brand as their hybrid, but simply switched the model. Specifically, 60 percent of Toyota hybrid owners went back to Toyota when they picked up a new vehicle.
Researchers believe the reason consumers are reticent to return to hybrid cars is that their high initial price may not pay off as much as drivers had hoped going in, and they think they could save money in other ways.
"The lineup of alternate drive vehicles and their premium price points just aren't appealing enough to consumers to give the segment the momentum it once anticipated, especially given the growing strength of fuel economy among compact and midsize competitors," said Lacey Plache, Edmunds.com chief economist.
Buying a standard vehicle that is fuel-efficient on its own and following some smart driving practices, like keeping your tires properly inflated and accelerating and braking slowly, may be effective means of improving mileage.
Whether you're looking to pick up a used hybrid or are simply hoping to purchase a more fuel-efficient model, New Jersey State Auto Auction will have the car for you. With a wide variety of makes and models at affordable prices, there is something for everyone.