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Hybrids continue to reward over the long term, survey says

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Old 01-14-08, 08:50 PM
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Gojirra99
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Default Hybrids continue to reward over the long term, survey says

January 14, 2008

IntelliChoice.com Survey: Hybrids Continue to Reward Over the Long Term
Second Annual Survey Shows Most Hybrid Models Excel on Total Cost of Ownership

Prius Remains Highest Rated Hybrid


DETROIT--(BUSINESS WIRE)--A survey released today by IntelliChoice.com, the leading source for automotive ownership cost and value analysis and a part of SOURCE INTERLINK MEDIA, reveals that 12 hybrid vehicles currently on the market save their owners more money than the non-hybrid version of the same vehicle.

“Hybrids have been racking up the miles over the last few years, and with the benefit of this perspective, we can say with confidence that they offer American drivers a higher degree of value than non-hybrid vehicles,” said James Bell, publisher and editor of IntelliChoice.com. “To prove it, we compared all current hybrids to the vehicles on which they are based.”

The IntelliChoice.com survey examined hybrid and non-hybrid versions of the same vehicle for the model year 2007 and how each vehicle performed based on a projected Total Cost of Ownership figure over five years or 70,000 miles. In addition to fuel costs, the survey factored in other major cost items that consumers often overlook when purchasing a vehicle.

“The most common argument against hybrids is that they take too long to justify their higher purchase price,” added Bell. “But this is only true if you just look at relative fuel costs. When you add in other factors, such as maintenance, repairs, and resale value, which are also part of IntelliChoice.com’s Total Cost of Ownership formula, hybrids provide great value. In other words, today’s automakers are delivering high-quality and durable vehicles that also happen to reward with improved gas mileage and fewer emissions.”

Bell added that the Prius remains the most popular hybrid from a retail perspective and retains its top rating over other hybrid vehicles based on Cost of Ownership performance. However, this new survey also shows the growing competitiveness of the hybrid market and its overall growth.

The Numbers

IntelliChoice.com’s survey of hybrids for the 2007 model year ranks them in order of cost performance against the non-hybrid version of the same vehicle or closest counterpart. For instance, the Ford Escape Hybrid 4WD is compared against the “regular” Ford Escape 4WD.

2007 Model and Trim
5 Year Cost Difference vs. Non Hybrid Equivalent


Toyota Prius (vs. Corolla LE)
- $10288

Honda Civic Hybrid
- $6250

Honda Civic Hybrid w/Navigation
- $6228

Ford Escape Hybrid 2WD
- $5975

Mercury Mariner Hybrid
- $5768

Toyota Highlander Hybrid Limited 4WD
- $5758

Ford Escape Hybrid 4WD
- $5546

Toyota Highlander Hybrid Limited 7 Passenger 4WD
- $5409

Toyota Highlander Hybrid Limited 2WD
- $5332

Toyota Highlander Hybrid Limited 7 Passenger 2WD
- $5128

Toyota Highlander Hybrid 4WD
- $4783

Honda Accord Hybrid w/Navigation
- $4080

Toyota Camry Hybrid
- $4079

Honda Accord Hybrid
- $4078

Toyota Highlander Hybrid 2WD
- $3775

Saturn Aura Hybrid
- $2492

Saturn Vue Hybrid
- $1739

Lexus GS 450h
- $1497

Lexus RX 400h AWD
- $1195

Nissan Altima Hybrid
- $964

Lexus RX 400h FWD
- $844

Chevrolet Classic Silverado 1500 Extended Cab LT Hybrid 4WD
+ $724

GMC Classic Sierra 1500 Extended Cab SLE Hybrid 4WD
+ $541

Chevrolet Classic Silverado 1500 Extended Cab LT Hybrid 2WD
+ $507

GMC Classic Sierra 1500 Extended Cab SLE Hybrid 2WD
+ $409

Along with the Prius, the Honda Civic Hybrid, Ford Escape Hybrid and Mercury Mariner Hybrid also received top marks for value. In addition, the Prius, Civic and Escape were also winners of IntelliChoice.com’s Best Overall Value of the Year awards (BOVY) for 2007. IntelliChoice.com’s BOVY awards recognize cars, trucks and SUVs that cost significantly less to own than would be expected of vehicles of their purchase prices and competitive set.

When analyzing Total Cost of Ownership, IntelliChoice.com focuses on seven key cost criteria—depreciation, fuel, financing, insurance, repairs, maintenance and applicable state fees. In the case of hybrids, IntelliChoice.com also factors in federal tax credits.

“Hybrids may still have their naysayers, but they also have a strong track record that speaks for itself,” said Bell. “Across the board, hybrids are generally a good investment with solid resale value. And 2008 will see even more hybrid models for buyer’s consideration.”

Total Ownership Costs for all new 2008 hybrid and regular models will be available from IntelliChoice.com in late January.

About IntelliChoice.com

IntelliChoice.com, part of SOURCE INTERLINK MEDIA, is the market leader in automotive ownership cost and value analysis. Founded in 1986, IntelliChoice.com is committed to empowering consumers to make better purchase decisions by providing independent and essential automotive information and tools. Through the IntelliChoice.com web site (www.intellichoice.com), consumers get the help they need to research, compare, configure and price vehicles. The site also connects buyers to the buying alternatives of their choice, including vehicle manufacturers and an online car buying guide. SOURCE INTERLINK MEDIA is a division of Source Interlink Companies, Inc., (NASDAQ: SORC), a media and marketing services company. Source Interlink (www.sourceinterlink.com) is one of the largest publishers of magazines and online content for enthusiast audiences and a leading distributor of home entertainment products, including DVDs, music CDs, magazines, games, books and related items.
http://www.businesswire.com/portal/s...01&newsLang=en
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Old 01-14-08, 09:51 PM
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Nextourer
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I don't understand why the Prius is still compared to the Corolla (at least they used the LE not the CE lol). The 1st Gen, maybe but the 2nd gen is Camry sized and Camry-like in equipment.

Anyway, nice to know that they factor in maintenance, repairs and resale value. My brake pads are still 90% front, 95% rear after 73,000km (90%/10% city/highway)
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Old 01-14-08, 09:55 PM
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ITs common sense and math. The more miles on your hybrid, the more money saved in gas.
 
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