Lower gas prices means more used hybrids on used car lots

Lower gas prices have dropped the demand, and therefore the price of used hybrid vehicles, which may make it a good time for consumers to shop for a used hybrid.

Although gas prices have fallen from the high figures consumers struggled with over the last few years, experts expect prices to go on the rise again at some point. But until that happens, it appears the appeal of hybrids has waned in light of gas prices under $2 per gallon.

Juan Flores, director of vehicle valuation for Kelley Blue Book told USA Today that sales of used hybrids are down 23.5 percent since last summer when gas was at its peak price, and have fallen 4.5 percent since January.

This has caused an excess of used hybrids on lots around the country, which could be good news for drivers looking to get their hands on a used hybrid vehicle.

Earlier this week Toyota unveiled its 2010 Prius at the Geneva Motor Show which the company says will get an EPA rated 50 miles per gallon.

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