Hey Chrysler, Where Is Your Hybrid?

Written by Andrew Woolford (contact - e-mail) -- June 18th, 2008 | Recommend This

Chrysler LLC recently announced its Refuel America campaign where buyers of new Chrysler, Dodge and Jeep vehicles get a fixed $2.99/gal at the gas pump for the next three years. They are aiming to save their customers money by keeping gas prices set during these periods of economic fluctuation and uncertainty. But are consumers more concerned with price per gallon or miles per gallon?

Compete took a look at shoppers of Chrysler LLC models (the unique shoppers of all Chrysler, Dodge, and Jeep models) versus shoppers of models that offer a hybrid (Honda Civic, Toyota Camry, Toyota Prius and Ford Escape). By tossing gas prices into the mix we really see the impact they have on consumer behavior. Gas price averages bottomed out at the end of last summer ($2.83/gal. in August ’07) and have been steadily rising ever since, with the steepest increases coming in the past few months.

Obviously the steep gas prices and economic conditions are driving consumers to shop hybrid models more. Even with the recent addition of new models (Dodge Journey, Dodge Challenger) helping to lift shopper counts, the hybrid segment continues to dominate. A recent article states that the waiting list for a new Prius is 4-6 months, and a new Civic hybrid 2-3 months. Maybe Chrysler should be investing these campaign dollars in developing a hybrid model of their own to improve market share and capitalize on these sales opportunities!

So Chrysler, where is your hybrid?


Analyze more domains: + +

Done reading? subscribe: To get an automatic feed of all future posts subscribe here, or to receive them via email enter your email address in the box in the right column.

Link to This Post:     


Comments

RSS feed for comments on this post.
  1. John Brown / Hybrid Cars

    Thanks for adding some measurements to your article.


Have something to say? Leave a Comment

Get the comments RSS feed, instant notification of new comments

Latest Blog Posts:


Oct 6: Boxing vs MMA: Which Sport Are Fight Fans Turning To?
Oct 3: Who is the New #1 in the Banking Industry?
Oct 2: Homepage Showdown: Quality of Clicks from the Web’s Biggest Billboards
Oct 1: A New Crop of Smartphones – Something for Everyone?
Sep 30: Are Your Financials Minty Fresh?
Sep 29: QWERTY and Touchscreen: Better Together?
Sep 26: Why BankRate is so (G)RATE
Sep 25: Accountable Advertising on the Internet: A unique perspective from Avinash Kaushik
Sep 24: Compete PRO now has Referral Analytics!
Sep 23: August Online Video Market Share: Politics and the Olympics Take the Top 5 by Storm
Sep 22: Will Consumers Flip for the Newest Member of the BlackBerry Family?
Sep 19: August Search Market Share Update: Rivals Cede to Google’s Lead
Sep 18: Is the iPod Touch Really an iPod?
Sep 17: Lipstick Happens: McCain’s VP Pick Shakes up the Race, Online Too
Sep 16: Happy Birthday GM! Your Present? Volt’s Apparent Success!
Sep 15: Do Any Financial Services Marketers Really Do a Good Job in Marketing to Their Customers?
Sep 12: Are You Ready for Some Football? Not Really, but at Least My HDTV Is!
Sep 11: OTA Search Share: Expedia Leading the Way
Sep 10: August data is live – School and sports related sites soar
Sep 10: Staycation Nation: Destination Tourism at Home