{"id":801,"date":"2009-03-12T00:00:00","date_gmt":"2009-03-12T00:00:00","guid":{"rendered":"http:\/\/blog.njstateauto.com\/general-auto-news\/low-demand-for-hybrids-might-make-them-a-good-deal\/"},"modified":"2009-03-12T00:00:00","modified_gmt":"2009-03-12T00:00:00","slug":"low-demand-for-hybrids-might-make-them-a-good-deal","status":"publish","type":"post","link":"https:\/\/www.njstateauto.com\/blog\/low-demand-for-hybrids-might-make-them-a-good-deal\/","title":{"rendered":"Low demand for hybrids might make them a good deal"},"content":{"rendered":"

With the demand for used cars rising as the economy continues to flounder and the interest in hybrids lagging as gas prices remain low, some people think it might be a good time to trade in a late model used car and buy a used hybrid.<\/p>\n

Writing for the Freakonomics blog on the New York Times website, Daniel Hamermesh says he’s thinking about doing just that.<\/p>\n

Hamermesh says that history has shown that when economic times are tough, people gravitate toward used cars, which could greatly benefit him by trading in his 1999 Honda<\/a> Civic SI with only 64,000 miles.<\/p>\n

He says the trade in would allow him to then make a purchase of a car that’s not in such high demand now meaning it can be had for a steal. Plus although hybrids aren’t selling well at the moment, they’re likely to become popular again in the future when oil returns to more than $100 per barrel.<\/p>\n

“I could then buy a new Prius: there are no special price premiums today on the Prius, and I would save money on gasoline now and when gas prices spike again,” he writes.<\/p>\n

In a report from USA Today last week, Juan Flores, director of vehicle valuation for Kelley Blue Book said sales of used hybrids are down 23.5 percent since last summer.<\/p>\n

Find New York Used Cars<\/a> with New Jersey State Auto<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the demand for used cars rising as the economy continues to flounder and the interest in hybrids lagging as gas prices remain low, some people think it might be a good time to trade in a late model used car and buy a used hybrid. Writing for the Freakonomics blog on the New York […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18],"tags":[],"yoast_head":"\nLow demand for hybrids might make them a good deal<\/title>\n<link rel=\"canonical\" href=\"https:\/\/www.njstateauto.com\/blog\/low-demand-for-hybrids-might-make-them-a-good-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Low demand for hybrids might make them a good deal\" \/>\n<meta property=\"og:description\" content=\"With the demand for used cars rising as the economy continues to flounder and the interest in hybrids lagging as gas prices remain low, some people think it might be a good time to trade in a late model used car and buy a used hybrid. 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