Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Demand for Hybrids Soars as Gasoline Prices Surge

April 8, 2003

A funny thing happened as U.S. motorists were pursuing their love affair with SUVs: high gasoline prices and the Iraq war suddenly made gas-electric hybrids chic, according to Bloomberg News.Toyota Motor Corp. and Honda Motor Co. say they can't build enough fuel-efficient hybrids to satisfy consumer demand. In a U.S. automotive market that was down 4.4 percent in the first quarter from 2002, few other models are encountering this problem -- even other fuel-efficient models that are selling well, Bloomberg News said.The price of unleaded regular has been the motivation for some motorists, according to Bloomberg News.
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