My post Wednesday asking whether hybrid owners regretted their purchases, now that gas prices are down and deals are plentiful, prompted just the kind of energetic discussion we enjoy seeing on Green Inc.
On Thursday, we heard from Mike Michels, the vice president for corporate communications at Toyota Motor Sales U.S.A., who understandably has his own view of what’s going on in the dismal car market.
“One can certainly say that the market, and car buyers are schizophrenic these days,” Mr. Michels said in an e-mail message to Green Inc. “Six months ago the tone was ‘Toyota blew it, they don’t have enough hybrids or small cars.’ Today, the sentiment might be ‘Toyota blew it and has too many hybrids.’ Gas prices, the economy, credit and consumer confidence are whipsawing everybody and it will change yet again.”
Mr. Michels noted that most experts expect the price of gas to rise in coming months, as it generally does heading into spring and summer vacation seasons. “Do Americans really have such short memories?” he wrote. “Unfortunately it would seem so. Buying a car is a long-term investment, but sometimes, buying behavior seems more like they are buying seasonal produce!”
He went on: “Is it a good time to buy a hybrid? I would argue yes. Discounts are available, interest rates are low. When gas prices go back up (and they will) today’s hybrid buyers will feel like geniuses.”
If yesterday’s comments are any proof, many Green Inc. readers already do.