Prius prices ... new higher than used

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Old 15 May 2011, 11:49 am   #1 (permalink)
bwilson4web
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Default Prius prices ... new higher than used

http://autos.aol.com/article/used-ca...orth-more-now/

"Rising gas prices and the earthquake in Japan, which shuttered
automotive production for weeks, are also playing a role. Dealers
worried that about possible shortages from the Japanese automakers are
stocking up on used fuel-efficient cars so they have something to sell
later this summer.

The most startling effect is on the fuel-efficient Toyota Prius, which
is worth $2,555 more today than it was when it was new a year ago,
according to Kelley Blue Book, which tracks used car resale values."

So how are gassers doing?

"That's particularly true for fuel-efficient cars, which are seeing
higher sales due to high gas prices. Manheim says prices on all
compact and midsized cars are up 60% compared with six months ago. But
large SUVs and pickup trucks are up just 5%."

Bob Wilson
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Old 15 May 2011, 12:41 pm   #2 (permalink)
Elmo P. Shagnasty
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Default Re: Prius prices ... new higher than used

In article
<ecd382d0-f484-4065-9de8-7b3f3d95e91b@u15g2000vby.googlegroups.com>,
bwilson4web <bwilson4web@gmail.com> wrote:

> The most startling effect is on the fuel-efficient Toyota Prius, which
> is worth $2,555 more today than it was when it was new a year ago,
> according to Kelley Blue Book, which tracks used car resale values."
>
> So how are gassers doing?


What is a "gasser"?
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Old 15 May 2011, 01:55 pm   #3 (permalink)
bwilson4web
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Default Re: Prius prices ... new higher than used

On May 15, 11:41*am, "Elmo P. Shagnasty" <el...@nastydesigns.com>
wrote:
> In article
> <ecd382d0-f484-4065-9de8-7b3f3d95e...@u15g2000vby.googlegroups.com>,
>
> *bwilson4web <bwilson4...@gmail.com> wrote:
> > The most startling effect is on the fuel-efficient Toyota Prius, which
> > is worth $2,555 more today than it was when it was new a year ago,
> > according to Kelley Blue Book, which tracks used car resale values."

>
> > So how are gassers doing?


Well I decided to find out what happened to the price of my wife's
2010 Prius.

In May 2009, we bought her silver, series III, 0 miles for: $24,250

In May 2011, Ebay just listed a completed sale, item 120716991462, a
silver, series III, 10,200 miles for: $26,500.00

26,500 - 24,250 = $2,250 increase in value

Gosh is it nice to own Prius, two of them.

> I'm trying to hijack the thread from the resale value of Prius by asking
> an Troll's mock question, What is a "gasser"?


It will take some time to assemble the answer. So I'll post in the
thread "here's your generator" in a few hours.

Bob Wilson

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Old 15 May 2011, 03:43 pm   #4 (permalink)
News
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Default Re: Prius prices ... new higher than used

On 5/15/2011 1:55 PM, bwilson4web wrote:
> On May 15, 11:41 am, "Elmo P. Shagnasty"<el...@nastydesigns.com>
> wrote:
>> In article
>> <ecd382d0-f484-4065-9de8-7b3f3d95e...@u15g2000vby.googlegroups.com>,
>>
>> bwilson4web<bwilson4...@gmail.com> wrote:
>>> The most startling effect is on the fuel-efficient Toyota Prius, which
>>> is worth $2,555 more today than it was when it was new a year ago,
>>> according to Kelley Blue Book, which tracks used car resale values."

>>
>>> So how are gassers doing?

>
> Well I decided to find out what happened to the price of my wife's
> 2010 Prius.
>
> In May 2009, we bought her silver, series III, 0 miles for: $24,250
>
> In May 2011, Ebay just listed a completed sale, item 120716991462, a
> silver, series III, 10,200 miles for: $26,500.00
>
> 26,500 - 24,250 = $2,250 increase in value
>


Just a bit of "Greater Fool" willingness to pay, there....
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Old 15 May 2011, 04:11 pm   #5 (permalink)
bwilson4web
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Default Re: Prius prices ... new higher than used

On May 15, 2:43*pm, News <N...@Group.Post> wrote:
.. . .
>
> > Well I decided to find out what happened to the price of my wife's
> > 2010 Prius.

>
> > In May 2009, we bought her silver, series III, 0 miles for: $24,250

>
> > In May 2011, Ebay just listed a completed sale, item 120716991462, a
> > silver, series III, 10,200 miles for: $26,500.00

>
> > 26,500 - 24,250 = $2,250 increase in value

>
> Just a bit of "Greater Fool" willingness to pay, there....


It is called 'supply and demand', the free market, and combined with
high gas prices and Prius production limits . . . we're likely to see
more reports of the "Prius premium." Back in 2005-06 there were
waiting lists and Toyota dealers where adding thousands to the price.

Bob Wilson
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Old 15 May 2011, 04:57 pm   #6 (permalink)
News
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Default Re: Prius prices ... new higher than used

On 5/15/2011 4:11 PM, bwilson4web wrote:
> On May 15, 2:43 pm, News<N...@Group.Post> wrote:
> . . .
>>
>>> Well I decided to find out what happened to the price of my wife's
>>> 2010 Prius.

>>
>>> In May 2009, we bought her silver, series III, 0 miles for: $24,250

>>
>>> In May 2011, Ebay just listed a completed sale, item 120716991462, a
>>> silver, series III, 10,200 miles for: $26,500.00

>>
>>> 26,500 - 24,250 = $2,250 increase in value

>>
>> Just a bit of "Greater Fool" willingness to pay, there....

>
> It is called 'supply and demand', the free market, and combined with
> high gas prices and Prius production limits . . . we're likely to see
> more reports of the "Prius premium." Back in 2005-06 there were
> waiting lists and Toyota dealers where adding thousands to the price.
>
> Bob Wilson



Good luck with that. Really endears consumers to the brand and dealer.
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Old 15 May 2011, 08:48 pm   #7 (permalink)
bwilson4web
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Default Re: Prius prices ... new higher than used

On May 15, 3:57*pm, News <N...@Group.Post> wrote:

> Good luck with that. *Really endears consumers to the brand and dealer.


Funny you should mention this. We tested a Prius in 2001 but went
with an Echo . . . barely with the local dealer. Then in 2005, the
same dealer and I was on a waiting list and got a phone message that
sounded like an auction! But a couple of months later, our Camry was
lost in an accident and I needed a replacement.

Using Ebay, we bought a used 2003 Prius in Fort Worth and I drove it
home and never looked back. Then in January, I got an exceptionally
good deal on a 2010 Prius and we sold the 2001 Echo and no regrets.

Saturday I paid $35 for 535 miles of service, 61 MPG for that tank in
the 2010 Prius. The 2003 Prius is still my commuting car and it is
running 52 MPG with almost 138,000 miles.

I use the local Toyota parts department but the 2010 was bought
through the Decatur dealer. The Huntsville dealer has too easy of a
job and they have become lazy. But I don't confuse the local dealer
with these superior cars. Nothing on the road comes even close
although the electrics and plug-ins look pretty good.

Bob Wilson
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Old 16 May 2011, 10:30 am   #8 (permalink)
Davoud
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Default Re: Prius prices ... new higher than used

Bob Wilson:
> > It is called 'supply and demand', the free market, and combined with
> > high gas prices and Prius production limits . . . we're likely to see
> > more reports of the "Prius premium." Back in 2005-06 there were
> > waiting lists and Toyota dealers where adding thousands to the price.


I bought my Prius new in mid 2006 from Carmax in Laurel, MD. They were
in short supply, but Carmax was knocking a reasonable amount off the
invoice.

It so happens that I wasn't on the waiting list. A few people who were
on the list had rejected the car that I bought because it had leather
and navigation and they wanted a basic commuter and weren't willing to
spend the extra $ thousands for those options. I specifically wanted
the nav system (don't really care much for leather). I just happened to
go to Carmax on the right day and at the right time--it was late in the
day and the sales manager was outraged that a new Prius was going to
sit in the lot overnight--and I happened to have my checkbook with me,
end of story.

Except to note that the color is "magnetic gray." I hated the color
when I first saw it and I still hate it five years later.

Davoud

--
I agree with almost everything that you have said and almost everything that
you will say in your entire life.

usenet *at* davidillig dawt cawm
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Old 16 May 2011, 01:15 pm   #9 (permalink)
bwilson4web
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Default Re: Prius prices ... new higher than used

On May 16, 9:30*am, Davoud <s...@sky.net> wrote:
> Bob Wilson:
>
> > > It is called 'supply and demand', the free market, and combined with
> > > high gas prices and Prius production limits . . . we're likely to see
> > > more reports of the "Prius premium." Back in 2005-06 there were
> > > waiting lists and Toyota dealers where adding thousands to the price.

>
> I bought my Prius new in mid 2006 from Carmax in Laurel, MD. They were
> in short supply, but Carmax was knocking a reasonable amount off the
> invoice.
>
> It so happens that I wasn't on the waiting list. A few people who were
> on the list had rejected the car that I bought because it had leather
> and navigation and they wanted a basic commuter and weren't willing to
> spend the extra $ thousands for those options. I specifically wanted
> the nav system (don't really care much for leather). I just happened to
> go to Carmax on the right day and at the right time--it was late in the
> day and the sales manager was outraged that a new Prius was going to
> sit in the lot overnight--and I happened to have my checkbook with me,
> end of story.
>
> Except to note that the color is "magnetic gray." I hated the color
> when I first saw it and I still hate it five years later.


That matches a lot of reports I read at the time. If you happened to
walk into the dealership say at the end of the month and they had one
in stock ... success. But if you were on a waiting list, it was an
auction.

I had considered going to some of the more rural Prius dealers in
Alabama. Our Good ol' boys never really took to the Prius but that is
another sad tale of right-wing, 'politically correct' prejudice ...
which means more Prius for the rest of us. <GRINS>

Bob Wilson
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Old 22 May 2011, 09:57 am   #10 (permalink)
Neo
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Default Re: Prius prices ... new higher than used

On May 15, 11:49*am, bwilson4web <bwilson4...@gmail.com> wrote:
> http://autos.aol.com/article/used-ca...orth-more-now/
>
> "Rising gas prices and the earthquake in Japan, which shuttered
> automotive production for weeks, are also playing a role. Dealers
> worried that about possible shortages from the Japanese automakers are
> stocking up on used fuel-efficient cars so they have something to sell
> later this summer.
>
> The most startling effect is on the fuel-efficient Toyota Prius, which
> is worth $2,555 more today than it was when it was new a year ago,
> according to Kelley Blue Book, which tracks used car resale values."
>
> So how are gassers doing?
>
> "That's particularly true for fuel-efficient cars, which are seeing
> higher sales due to high gas prices. Manheim says prices on all
> compact and midsized cars are up 60% compared with six months ago. But
> large SUVs and pickup trucks are up just 5%."
>
> Bob Wilson



In general, cars made in japan or cars that depend on
a sole-sourced japanese part will be in shorter supply
this year. New hybrids made only in japan like the
Prius and the Insight are going to be in short supply
for this year which inturn has raised the used prices
as well. So strangely enough my slightly used Prius
is worth more than I paid for it - I suppose if I sold it
now I'd have to pay capital gains tax on it? (9_9).

However, I am not yet finished with my two year
hypermiling experiment ( which tentatively ends
on 2012 June since I want a minimum of two years
of data with a possible option of a third year of
data if I believe something wacky is going on).
So I am not remotely ready to give up my 2010
Prius anytime soon.


ROI operational cost
===============

My 2010 annual gas consumption was about
500 gallons. My 2009 annual gas consumption
was about 1500 gallons using a 1990 Honda Accord.
So for 2010, I avoided buying about 1000 gallons
of gasoline which was priced at about
$3.00 per gallon. So for 2010, I saved about
$3000 in fuel cost with respect to my 2009
fuel cost . While I don't expect my 2011 fuel
consumption to drop signficantly more than
the first year the price of gasoline this year is
likely to be closer to $4.00 per gallon so my
projected fuel savings for 2011 with respect to
my 2009 fuel savings should be about $4000.
I suppose if the trend for gasoline prices stays
the same then gasoline will hover around or
more than $4 per gallon for the next five
years. Hence, my fuel cost savings the
first six years (if I drive it that long) will be
about $23,000. Before I bought my Prius
I was doing all these what if scenario - and
it said that if gas prices climb to $5 to $6
per gallon in the near future that the Prius
would pay for itself in fuel savings within
4 years time.if I avoided buying all the fancy
options and got the base model.... However,
because of a new law - I just had to have
the bluetooth option for my cellphone....

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