Car Finance / Hybrid Popularity Skyrockets![]() While the Honda Insight and Toyota Prius introduced us to hybrid technology, they also introduced us to styling that was, well, unusual. But today, hybrids can easily be mistaken for internal combustion engine vehicles thanks to hybrid versions of the Honda Civic and Accord, Toyota Highlander, Ford Escape and Lexus RX that look nearly identical to their gasoline counterparts.Hybrid vehicle sales increased from just 9,350 vehicles in 2000 to over 346,000 for the 2007 calendar year. About half of those sold in 2007 were Toyota Prius models, whose production run is expected to reach 450,000 units annually in 2009. The more traditional styling, improved performance and soaring fuel prices have led to hybrids' popularity skyrocketing. Here's an in-depth look at what is making these vehicles sell and a little background on the hottest trend in fuel-efficient transportation. Hybrids of Today and Tomorrow Since hybrids have been on the market, their popularity has led to an increase in body styles. Today, consumers have a choice of several sedans, SUVs, a luxury crossover vehicle and even light-duty pickups. (For information about every hybrid currently on the market, click here.) Most automakers consider hybrids to be the first step on the long road to a transportation infrastructure that is less dependent on foreign oil. There is a general consensus that this road will eventually lead to hydrogen as a fuel source, which is clean burning and plentiful. Since there's a lot of ground to cover before hydrogen fuel is the norm, most automakers continue to focus on hybrid technology, while simultaneously planning for a hydrogen infrastructure in the long-term. While many of the major car companies already have hybrids on the market and plan to add even more models, Hyundai, Kia, Mercedes-Benz and Mitsubishi have hybrid vehicles in development. In addition, Porsche, Subaru, Volkswagen and Volvo are all considering putting hybrid vehicles into production. (To learn more about future hybrid vehicles, click here.) BMW has chosen not to get in the hybrid game so far, although the company is studying hybrid technology. Its primary focus, however, is on hydrogen and it is currently testing a small fleet of 7 Series models equipped with internal combustion engines that run on hydrogen. "We believe that, in the end, hydrogen is the solution," Tom Purves, chairman and CEO of BMW North America, said. "We will bring a hydrogen-fueled internal combustion engine to market sometime in the current generation of the vehicle," he said. "Clearly, there are a lot of external factors for this to happen, such as fueling stations." |
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![]() Inexpensive portable navigation systems and even cheaper smartphone nav applications are making the pricey in-dash systems offered by automakers less attractive to many consumers. But some people prefer in-dash systems because of their larger screens and because they offer more features. Plus, you never have to worry about forgetting an in-dash system at home. Finally, prices for in-dash systems are starting to drop. ![]() Bluetooth is a wireless technology that allows two compatible devices to communicate. In the car, it lets you operate a mobile phone "hands-free," meaning you don't have to hold the device while making or taking a call or performing such functions as accessing the phone's address book. (Of course, you have to use your hands to operate certain Bluetooth features via the vehicle's controls.) ![]() Automotive sound systems are more complex now that portable media players, hard-disk drives and smartphones are along for the ride. But the basic radio/speaker setup hasn't drastically changed, even though more speakers and more amplifier power have been added over the years.
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![]() Sales of Ford vehicles increased 13.3 percent in June compared to the same month last year, and the gain was largely spurred by a strong showing by the carmaker’s Super Duty pickup trucks. ![]() Responsible consumers tend to have all their affairs in order – a steady income, plenty of savings and perhaps even an investment or two on the side. While these things are all positive, they ultimately won't get you approved for an auto loan – for that, you need credit.
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![]() Getting the Best Rates on Your Car Loan ![]() Identifying Your Target Cars & Arranging Financing ![]() There are certain people who seem to have X-ray vision, who can look at a business and see things that are invisible to other people. I bring this up because I have a friend who spotted something about used cars that I have never heard addressed by anyone else.
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