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High gas prices allow Toyota to slash Prius incentives
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Posted on
May 15 2008 8:09 AM
by
Asif
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With sales of many car and truck models cratering in recent months as gas prices continued to climb and the real estate market has continued its melt down, there has been one notable exception. Toyota has seen sales of the pioneering hybrid car climb by more than 67 percent in April compared to 2007. Toyota has been able to achieve this while slashing the incentives that they introduced after federal tax credits expired for the Prius. In 2007, Toyota spent $1,471 per vehicle in sales incentives, an amount which dropped to only $123 this year.
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