A new survey by Topline
Strategy reveals some interesting insights into hybrid
buyers. Many, they found, don’t simply make the hybrid premium vs. gas
savings calculation as they decide whether or not to buy a Prius. The study
revealed 5 types of buyers.
The
study of Prius buyers between 2003 and 2007 showed that only 27% of them could
be considered early adopters, people who wanted the technology and environmental
benefits and were willing to pay extra for it.
Another 12% bought the Prius to be able to drive in the carpool lane, and 5%
did it because they considered the Prius as an inexpensive, fun car.
But it’s the other two groups that are most interesting. 40% of people bought
a Prius because it cost less than the alternative. The conventional wisdom is
that buyers chose between a Prius and a car that’s about the same size and
the same price. Instead, respondents said, they often picked a high-content,
environmentally sensitive Prius instead of a more costly model such as a Acura
TL or BMW X3.
Finally, 16% said they just calculated the whole cost-value equation
differently than the experts. These buyers often keep their cars longer and
drive greater distances than what is typically calculated. The result is that
they feel they save money over the long term.
Topline’s conclusion: Buying a hybrid is “a far more complex and varied”
process than most realize, and attempting to forecast the future success of
hybrids strictly based on how high or low gas prices go is short-sighted.
I talked to Jonathan Klein, Topline’s general partner. He’s a Prius driver,
and big proponent of the coming green wave and its mainstream viability.
“There’s an incredible number of people between Greenpeace activists and
pickup-truck-driving steelworkers,” he says.
Posted on Friday, April 20th, 2007
Under: Hybrids, Toyota, Car Buying, Green Cars, Gas Prices | 2
Comments »
R.L. Polk’s hybrid registation numbers do reveal some interesting
nuggets.
Californians, with 67,533 hybrid registrations, obviously top the nation at
26.5 percent share of the hybrid volume. Three of our metropoli (DMA in
marketing-speak) were in the top 10 hybrid markets: 1. LA 12.2% share of US
hybrid volume. 2. SF 8.1%. 9. San Diego. 2.0%.
So, is it just those yellow carpool stickers or something more? Generally,
California carries about 12% of the U.S. car/truck market. That was
the case in 2006, as we bought about 2 million of the 16.6 million
vehicles purchased nationwide. The fact that our hybrid share is 2.5 times that
penetration says something unusual Read
the rest of this entry »
Posted on Monday, February 26th, 2007
Under: Hybrids, Green Cars | 2
Comments »
You read these numbers in the Mercury News on Friday, but car registrations
compiler R.L. Polk put them in a press release this morning, so all the world is
writing about it now.
Here’s the AP version:
U.S. sales of gas-electric hybrid vehicles rose 28
percent from 2005 to 2006, but the rate of growth is starting to slow, according
to a company that analyzes automotive industry data. Read
the rest of this entry »
Posted on Monday, February 26th, 2007
Under: Hybrids, Green Cars | No
Comments »
A few somewhat interesting tidbits in this morning’s email. The
American Council for an Energy-Efficient Economy says it’ll release its annual
list of the greenest and meanest cars sold in America. Check http://www.greenercars.com/ on Feb. 6 for
the results. In 2006, the Honda Insight hybrid and the Honda Civic GX, a
natural-gas car, tied for the greenest. Dodge’s Ram SRT10 pickup was the
meanest.
Cars.com put out a list of the 10 most memorable TV cars of all time. KITT
from “Knight Rider,” the General Lee for “The Dukes of Hazzard” and Scooby-Do’s
Mystery Machine van topped the list. Go to http://www.cars.com/ from all 10.
Finally, the 10 finalists for World Car of the Year were
announced. This is a new award that requires quite a leap as few cars are sold
the
same way in a lot
of places. Still, we all like lists. The 10: Audi Q7, Audi TT (left, sort of),
Citroen C4 Picasso, Citroen C6, Fiat Grande Punto, Jaguar XK, Lexus LS 460,
Mercedes-Benz CL, Mini Cooper and Suzuki SX4. Of the 10, 7 are sold in the US,
and exactly zero are manufactured here.
Posted on Wednesday, January 31st, 2007
Under: Hybrids, Car of the Year, Green Cars | No
Comments »
Yes, it’s my first 2008 model, which can’t be sold until Jan. 1, 2007. That
means the one I’m driving doesn’t have a window sticker, and the pricing and the
fuel economy are yet to be announced. But, this hybrid is
much
improved, certainly cosmetically. When Ford brought higher-mileage gas-electric
hybrid technology into the Escape a few years back, the small SUV already was
showing its age. This new one has a much more appealing interior, with nicely
textured surfaces, better gauges and and overall sense of refinement. The
exterior gets a new, buffer look, too, borrowing its bolder front end from the
Explorer. Here’s the key number: In 150 miles of weekend driving, I average 30.3
mpg. Pretty good for a SUV.
Posted on Monday, December 18th, 2006
Under: Hybrids, Ford, Today I'm driving ... | 4
Comments »
Look for that headline in tomorrow’s papers. The EPA finally released its
2008 fuel-economy formula revisions, and the agency suggests the average model
will see a 12% drop in its city MPG and a 8% drop in its highway MPG. Some
models, especially hybrids, might see numbers that fall up to 30%. That said,
expect those gas-electric cars and SUVs, like the Prius, Camry, Escape and
Civic, to remain the most efficient models in their classes. Drivers have long
complained about the fictional nature of the EPA’s ratings. Those complaints
grew to a shriek as gas prices topped $3/gallon this summer. People were paying
more (money) and getting less (per gallon) and nobody was happy. Neither the EPA
nor automakers would offer up a specific model for comparison Monday, but Toyota
says its Prius, which now earns a combined 55 mpg rating, might fall to the
“high 40s.” My calculations, based on what the EPA offers as guidelines, says it
might drop to the high 30s or low 40s.
Posted on Monday, December 11th, 2006
Under: General, Hybrids | No
Comments »
Dave Hermance wasn’t the only person I talked to at Toyota about the Prius,
but he was the most knowledgeable, most accessible, most
say-it-so-I-can-understand-it person on the Japanese automaker’s US staff. He
died over the weekend, flying an experimental plane. Here’s a link the AP
story. I talked to Hermance a month or so ago at a CARB symposium in
Sacramento. Between sessions, he got into heated discussions about plug-in
hybrids, electric cars and such with passionate advocates of each technology.
(He didn’t get heated, but those who sought to argue with him did.) He was
steadfast in his comments. Over the past half decade or so, he helped explain
how hybrids worked to an American public anxious to do something to protect the
environment. He’ll be missed.
Posted on Monday, November 27th, 2006
Under: Hybrids, Toyota | No
Comments »
Saw this neat post on Autoblog.
It’s about heavily modified Toyota hybrids — a Camry and a Highlander — being
shown at the SEMA show in Vegas this week. Cool and green!
Posted on Thursday, November 2nd, 2006
Under: Hybrids, Toyota, SEMA | 1
Comment »
Yahoo Autos and Environmental Defense released a list of the greenest cars
today. It’ll be updated as new models — not only hybrids, but natural gas,
biodiesel, hydrogen and others — go on sale. Topping the list, with scores of 80
or more (it’s a 1-100 scale) are the Honda Civic and Insight, and Toyota Prius
and Camry — all hybrids — and the natural-gas-powered Civic. I talked to
Dan Visnick, the marketing director of Yahoo Autos, last week. He said that Yahoo Autos Green Center is at the
center of two trends — green going mainstream and the explosion of social
media on the Web. The new site allows users to ask questions of owners of green
cars, post real-world mpg and such. While only 3% of people own an
alternative-fuel vehicle, Visnick said a recent survey shows 54% want to learn
about them and 42% said they might buy one in the next 2 years.
Posted on Wednesday, November 1st, 2006
Under: Hybrids, Autos Online | 22
Comments »
Always a cheery task. Most folks take the weekend off, but automatic e-mail
strings and push services never do. Some interesting hybrid tidbits this AM.
Autobytel did something called a “snap poll” between 9/19 and 10/9 and found 23%
of respondents say they own or soon will buy a hybrid. That’s up from 9% 6
months ago, and comes during several weeks of falling gas prices. And ABI, a
research firm in beautiful Oyster Bay, NY, confirms that hybrids have gone
mainstream. Early buyers were wealthy folks with green leanings, but ABI
predicts hybrid market share in the US will grow from 1.25% in 2005 to 6% in
2013.
Posted on Monday, October 30th, 2006
Under: Hybrids | 4
Comments »