Join Date: Apr 2004
Location: Cape Cod, Massachusetts
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Drash, I wouldn't think of critiquing a magazine I did not read. We subscribed for several years when the family was growing in the fifties and sixties but dropped the subscription when I found that I was not finding a lot of merit in their choices of products. Have had much better success talking to neighbors and friends and now with the net.
Except for spikes remark I wouldn't have mentioned this article, but I will purchase a copy next week.
Their article leads with "If you're thinking of buying a hybrid vehicle to save money, you won't---ever" says Consumer Reports magazine.
In it's April auto issue, on newstands Tuesday, the magazine said the six most popular gas electric hybrids will end up costing owners from $3700 to $13,300 more over five years compared with similar gasoline models. Much of that comes from the higher purchase price of hybrids vs. non hybrids, but they also will lose more of their value, the report said.
The complexity of the vehicles, questions about battery life and replacement cost, and a lack of independent repair shops that will work on hybrids all result in extra depreciation costs, said David Champion, the magazines senior director of automotive testing.
"None of the six hybrids we have tested recovered it's price premium in the first five years and 75,000 miles of ownership," said the magazine. "Nor did any when the analysis was extended to ten years and 150,000 miles."
Rik Paul, the magazines automotive editor, said the study took the price of gas from $3.00 a gallon now to $4.00 a gallon five years from now. "Still, the cost did not add up," he said.
The costs and benefits of the Ford Escape, Honda Accord, Honda Civic, Lexus RX 400H, Toyota Highlander and Toyota Prius hybrids were evaluated.
Hybrids do provide strong fuel economy and emit less pollution, the magazine noted
Personally I've been wondering at the rest of the worlds auto manufacturers lack of interest in hybrid power and it just might be because of the consumers pocket books. They may have done the same study just completed by Consumer Reports.