Originally published June 2, 2007 at 12:00 AM | Page modified June 2, 2007 at 2:01 AM
Americans guzzle hybrids; Prius sales triple in May
The gas-electric hybrid car, once the domain of your granola-crunching, environmentally conscious neighbor, moved into the mainstream last...
The Associated Press
DETROIT — The gas-electric hybrid car, once the domain of your granola-crunching, environmentally conscious neighbor, moved into the mainstream last month as $3-per-gallon gasoline helped to nearly triple Toyota Prius sales.
Toyota said it sold just over 24,000 Priuses in May, boosting the car into ninth place among all vehicles for the month and cracking the list of 10 top sellers for the first time.
The Prius helped Toyota post a U.S. sales gain of 14.1 percent in May compared with a year earlier, as gas prices also pushed up sales of its Corolla, Yaris and Camry models.
General Motors, which said it benefited from high gas prices in some segments, said sales rose 9.7 percent, helping to boost industry sales 5 percent.
All major automakers except Ford saw gains for May on Friday as the automotive market rebounded a bit from lackluster months earlier in the year.
Toyota, which is gaining market share in the U.S., posted its highest monthly total ever in May. It sold 269,023 Toyota, Lexus and Scion vehicles, topping its monthly record of 242,675 in March.
Toyota car sales rose 16.2 percent, while light-truck sales, including the Tundra pickup, rose 10.9 percent.
The Prius, which gets an estimated 55 miles per gallon in combined city and highway driving, helped push Toyota's U.S. sales above Ford, which saw a decline of 6.9 percent as it continued to cut low-profit sales to rental companies.
Nearly 15 percent of Toyota's sales were hybrids, which has the company convinced their appeal has moved beyond buyers wishing to make a statement about global warming.
Randy Pflughaupt, Toyota's vice president of marketing, said Prius buyers are now more diverse, attracting those who want better gas mileage or even a third family car.
Because of gas prices and some option discounts last month, a buyer can earn back the premium paid for the hybrid in as little as five months, Toyota officials said.
But some buyers in May didn't seem to be affected by fuel prices, with pickup sales rising 3.5 percent.
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"It was almost like a pick-and-choose sort of impact," said Jesse Toprak, senior analyst for the Edmunds.com auto Web site.
Paul Ballew, GM's executive director of global market and industry analysis, said that since 2005, several trends have emerged when gasoline prices rise in the spring.
Buyers tend to shift from trucks to cars, luxury-car sales tend to weaken, sales of small and midsized cars rise and people tend to choose four-cylinder powertrains over larger engines, he said.
The industrywide mix of cars and trucks was about equal in May; trucks normally account for about 55 percent of the market, according to Ballew.
But as in 2005 and 2006, Ballew predicts a gradual drop in gasoline prices during the summer and a return to the 55 percent truck mix later in the year.
Still, Ballew said higher gas prices helped GM in some areas because its pickups get better gas mileage than competitors, as do its midsized crossover vehicles. And it has a wider array of midsized and small cars than in the past, he said.
"We're much better positioned than where we were," he said.
GM, the industry's top seller, said it sold 371,056 light vehicles last month. Car sales, including the Chevrolet Impala and Saturn Aura, rose 16.2 percent, while light-truck sales, including the Chevrolet Silverado and GMC Sierra pickups, gained 5.6 percent.
The Silverado again passed Ford's F-Series pickups as the top-selling vehicle in the U.S. in May.
DaimlerChrysler reported sales up 3.9 percent, and Honda rose 2.5 percent. Nissan posted a strong gain at 7.4 percent.
Industrywide, U.S. sales in May rose to 1.56 million from 1.49 million in May 2006, according to Autodata.
Toyota sales surpassed Ford's in two months last year as well as in January of this year.
Analysts predict that Toyota likely will knock Ford out of its traditional No. 2 spot for the full year in 2007, but Ford has said it is focused more on returning to profitability in North America.
Ford said sales of Ford, Lincoln, Mercury, Volvo, Jaguar and Land Rover brands to retail customers, which were 3 percent lower than a year ago, still marked its best retail month of the year as the Ford Edge and Lincoln MKX crossovers continued to make gains.
Ford said it now expects Edge sales to reach 120,000 this year, 20 percent higher than its original forecast.
Chrysler Group's passenger vehicle sales, which include the Chrysler, Jeep and Dodge brands, rose 4.3 percent with help from a 20 percent jump in its Jeep brand, while Mercedes sales rose 0.7 percent. Dodge sales were up about 3 percent.
Copyright © 2007 The Seattle Times Company
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