Hybrid Demand Grows (Sort of like “Dog Bites Man”)

As gas prices continue their rise, it will probably give further impetus to what auto analyst firm Baum and Associates found as they analyzed sales data between March 2011 and March 2010: a 46% rise in the sales of hybrid and clean diesels.

As gas prices continue their rise, it will probably give further impetus to what auto analyst firm Baum and Associates found as they analyzed sales data between March 2011 and March 2010: a 46% rise in the sales of hybrid and clean diesels.

By way of comparison, the overall market was up just 17%.

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Baum and Associates

As Alan L. Baum, principal of the firm, put it, “The trends are clear: vehicle sales are strong, and consumers want hybrids, small cars and crossovers, and are shying away from pickups and truck-based SUVs even as business fleets continue to support these products in line with an overall economic recovery.”

Of course, what remains to be seen is whether people will buy new cars, crossovers, trucks, or SUVs in any considerable number as the pain at the pump becomes more acute.