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Monday, July 23, 2012

Hybrid And Electric Car Sales Surge 164 Percent In June

With gasoline prices declining, sales of hybrid and electric cars have remained surprisingly resilient. In fact, sales of dedicated hybrid and alternative-energy vehicles surged more than 164 percent in June, according to Kelley Blue Book's Blue Book Market Report for July 2012

With fuel prices expected to continue their descent up until the US Presidential election, hybrid and electric vehicle sales could slow; however, today it appears as though the sales decline will be relatively mild.

"The Toyota Prius was the most significant driver of segment gains, with sales surging more than 300 percent from June of last year. The Prius has been in high demand since the introduction of the subcompact Prius c and wagon-esque Prius v. Sales numbers for the Prius also look especially strong due to the inventory shortages that plagued Toyota at this time last year." Says Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book.

Date
Alternative-Energy Vehicle Sales
Gas Prices (National Average)
1/1/2011
13,777
$3.09
2/1/2011
16,883
$3.21
3/1/2011
26,407
$3.56
4/1/2011
19,160
$3.80
5/1/2011
12,213
$3.91
6/1/2011
8,995
$3.68
7/1/2011
12,687
$3.65
8/1/2011
15,232
$3.64
9/1/2011
13,803
$3.61
10/1/2011
15,462
$3.45
11/1/2011
20,039
$3.38
12/1/2011
23,350
$3.27
1/1/2012
14,902
$3.38
2/1/2012
25,163
$3.58
3/1/2012
35,687
$3.85
4/1/2012
29,799
$3.90
5/1/2012
26,130
$3.73
6/1/2012
23,778
$3.54

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