Despite months of high gas prices, a bevy of new fuel-stingy cars with conventional gas engines may be eating into sales of pricier gas-electric hybrids.Sales of high-mileage, high-value conventional compacts such as the Hyundai Elantra (shown above), Ford Focus and Chevrolet Cruze are hot, while hybrid sales have stagnated.
The hybrid share of U.S. auto sales peaked at 3.6% in July 2009, Edmunds.com says. Last month, it was 1.6%, depressed also by production cuts for some models due to the Japan disaster, but not enough to account for all the drop.
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