Hybrid car demand outpaces supply as consumer interest doubles dealer inventory share
FROM THE WIRE · FINANCE.YAHOO.COM
Americans want hybrids faster than automakers are supplying them, according to new data from Cars.com that shows shopper interest running at roughly double the share of hybrids on dealer lots. In its latest report, Cars.com said 25% of surveyed shoppers named a hybrid as the…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe demand-supply mismatch for hybrids may prompt automakers to boost production and pricing power.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 0125% of surveyed shoppers consider a hybrid as their top powertrain choice, but hybrids represent only 12% of new dealer listings.
- 02Days on lot for new hybrids fell to 46 in August, down 10% year-over-year, indicating faster sales velocity.
- 03The Cars.com survey of 648 recent buyers and shoppers was conducted July 31 to Aug. 6 using a nationally representative sample.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Toyota Motor Corporation185.57 USDMarket closedtoday +0.79%Positive Cars.com Inc.9.45 USDMarket closedtoday -2.58%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets