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via finance.yahoo.comMarkets

Gas price effect: Hybrid demand is outstripping supply

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…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishHybrid vehicle demand significantly outpaces supply, with consumer interest at roughly double the share of hybrids on dealer lots.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 0125% of Cars.com surveyed shoppers seriously considering a hybrid, but hybrids make up only about 1 in 8 new listings.
  2. 02Days on lot for new hybrids fell to 46 in August, down 10% from a year ago.
  3. 03Cars.com survey of 648 recent car buyers and shoppers fielded July 31 to Aug. 6 using nationally representative sample.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Toyota Motor CorporationTMStock182.51 USD-1.65%today -1.65%Positive Cars.com Inc.CARSStock9.28 USD-1.80%today -1.80%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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