July Hybrid Sales Reach Record High Market Share

By dancurranjr On August 4th, 2009

toyota-phev-priusWith nearly all gas-electric hybrid cars qualifying for the Cash for Clunkers vouchers, hybrid sales in July grew to 3.55 percent of the new car market—its largest market share ever. New car dealers sold 35,429 hybrids, with more than half of the sales coming from the Toyota Prius.

Hybrid sales jumped by 35 percent in July compared with last month and a year ago—while sales of conventional new vehicles rose 15.4 percent for the month and were down 13 percent from July 2008.

Toyota sold 19,193 Priuses, making it one of America’s best sellers in July. Prius sales rose by 47.5 percent for the month and were up 29.7 percent from July 2008.

On a unit basis, April 2008 was the biggest month for hybrid sales, when 40,198 hybrids were sold. But July 2008 represents the largest market share for hybrids, considering the reduced size of the overall vehicle market.

Other big sellers in July were the Lexus RX450, Toyota Camry Hybrid, Nissan Altima Hybrid, Ford Fusion and Ford Escape Hybrid. Sales of the Ford Escape Hybrid increased by 80 percent compared to June, and more than doubled from July 2008.

Unfortunately, Honda and General Motors did not enjoy the bump in hybrid sales. While the 2010 Honda Insight rose by a mild 10.4 percent, the Honda Civic Hybrid dropped by 38.8 percent compared to last month. The combined sales of seven hybrids from General Motors increased by just 2.3 percent from June.

SOURCE: Hybrid Cars

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