HEATHROW, Fla.
— A year ago, the average price of a gallon of
gasoline was $3.45. This week, it's $2.39. Why would
anyone, then, feel compelled to buy a hybrid?
Having a hybrid isn't just about
saving money on fuel. The gas-sipping vehicles are good
for the environment, fun to drive, maintain their value
and can even be considered a "fashion
accessory," owners and auto-industry experts say.
That's why sales of hybrids have held up well, even as
gas prices have plunged and the automotive industry
struggles through the recession.
Dr. Sultan Rahaman of Heathrow bought
his first BMW in 1991 and has owned a succession of them
since. But this year, he replaced his BMW with a 2010
Toyota Prius. And shortly before that, he replaced his
wife's minivan with a 2009 Prius.
And though he does miss the BMWs —
"the ride, the handling," he says, "I
thought, how often do I really need 300
horsepower?"
Rahaman, who's in family practice, is
averaging about 50 miles per gallon in his Prius. And in
doing so, he feels he is making a difference.
"In the 1970s, during the first
oil embargo, I was going to school in Canada, and I
remember hearing about how we needed to reduce our
dependence on oil," he said. "And for 35
years, we've basically done nothing. In a small way, I
feel like we're doing something now."
He also got something he wasn't
expecting: a hobby.
Rahaman, like other hybrid owners,
admits to embracing his car's complex technology and to
falling under the spell of the color graphics on the
dashboard that give the driver instant information about
fuel mileage.
As he drives to and from his office in
Longwood, Fla., he tries to maximize that mileage,
seeking out downhill routes and avoiding stoplights.
"And then I'll get stuck in
traffic," he says, laughing, "and I think,
'There goes the day!' I'm totally involved when I'm
driving this car."
Despite the dramatic downturn in U.S.
auto sales, hybrid sales remain relatively strong. In
September, sales of the Toyota Prius were down 3
percent, but that was the smallest drop of any Toyota
passenger car. Honda, meanwhile, has sold about 16,000
Insights this year.
Ford's September hybrid sales of
12,186 is a 239 percent increase over a year ago, led by
the first-year Fusion Hybrid.
Hybrid sales are estimated to grow to
4.1 percent of the total U.S. auto market this year, or
about 329,000 vehicles, up from 2.6 percent in 2008,
according to tracking firm IHS Global Insight of
Lexington, Mass.
Central Florida dealers say demand has
been strong for hybrids, especially during the
"cash for clunkers" trade-in programs, which
"wiped out our inventory," said Mark
Cubarubbia, general manager of Classic Honda in Orlando.
At DeLand Toyota, sales associate
Searl Row said almost all the Prius models he gets are
sold before they arrive and a waiting period could be as
long as eight weeks, depending on the features a
customer wants.
Barry Evans of The Villages bought a
Ford Fusion Hybrid in June. Though he realizes oil is
relatively inexpensive now, "we have no idea what
it's going to be in the future. Things are so
unsettled."
He has been averaging 38.3 miles per
gallon and says he's giving up nothing to get it.
"It's a very comfortable car, with all the power we
need."
Resale value also is a plus: A 2004
Toyota Prius, according to Kelley Blue Book, is worth
$15,460 at retail. A 2004 Toyota Camry SE, which would
have cost about the same as the Prius new, is worth
$12,230.
Though Toyota and Honda have led the
hybrid revolution, other companies are fighting hard to
catch up. Mazda, for instance, has announced that it is
trying to raise $1.1 billion in capital and will
dedicate most of it toward hybrid technology.
Ford and General Motors have made huge
strides in hybrids, while Chrysler has co-developed some
technology with General Motors.
European manufacturers have
traditionally concentrated more on clean diesel, fuel
cells and all-electric vehicles. But even that is
changing. Porsche will have a hybrid version of its new
Panamera sedan, and France is investing $2.2 billion to
get 2 million hybrids and electric cars on the road by
2020.
Jesse Toprak, vice president of
industry trends for TrueCar, a California-based
automotive analyst firm, says there's also a star factor
in owning a hybrid.
"Hybrids (are) a fashion
accessory," he said. "It's appealing to be
able to drive the same car that, say, Leonardo DiCaprio
drives."
But that, says Rahaman, has nothing to
do with his decision to own a hybrid.
"I went from an $80,000 car to
one that costs under $30,000, and I don't think I'm the
only one who has gone from a much more expensive car to
a Prius," he said. "And that totally blows
away the idea that people are buying these cars just for
the mileage.
"It wasn't really a decision
based on economics," he added. "I just
thought, 'This is a car I can live with.' I really can't
remember being more excited about driving a car."