By: Gov Auctions | 9 October 2014
Which Hybrid Cars Are Popular At Auto Auctions?
As new generations of hybrid cars are being released, it is no surprise to find more readily available at auto auctions. Without understanding the current auto auction trends it can be difficult to know what to expect when on the hunt for an inexpensive, reliable hybrid car. Over the past several years, it is become clear that certain hybrid cars are definitely more popular at auto auctions than others. While this may mean they will see increased bidding competition, it also helps buyers identify the best overall values.
A Closer Look at Why Hybrid Cars are Growing in Popularity at Auto Auctions
There are several reasons why hybrid cars are currently grown in popularity at local auto auctions. The first reason has to do with dealerships. Several years ago in gasoline prices spiked dealerships clambered to auto auctions in order to stock up on hybrid cars. Consumers have consistently shown that when gas prices spike they go on the hunt for hybrid cars. Dealerships have taken advantage of this mindset by stocking up on hybrid cars and selling them for a premium when gas prices are high. On the other hand, as gas prices decrease, like they have been for the past year, dealerships tend to carry fewer used hybrid cars. As a result, hybrid cars become more readily available at public auto auctions.
Another driving force behind the growing popularity of hybrid cars at auto auctions mirrors the increased popularity of hybrid cars in general. As more people purchase hybrid cars or trade in older hybrid models, many of these vehicles end up at auto auctions. This is particularly true for former leased vehicles as dealerships are no longer trying to purchase every hybrid car that shows up at auction.
Hybrid Cars Which Are Consistently Popular at Auto Auctions
Toyota Camry Hybrid
The Toyota Camry hybrid car has proven to be particularly popular at local auto auctions. Many people are specifically targeting Camry hybrids from 2009 and 2010. While there were a few minor downsides to this vehicle when it was released in 2009 in 2010, the overall response was extremely positive. One thing to keep in mind is the earlier Toyota Camry hybrid did not get as good of gas mileage as other sedan competitors in the hybrid market. At the same time it still offers the space, reliability, and moderate luxury the Toyota Camry four. The massive amount of cabin space also makes it a popular choice. Keep in mind a notable difference is the 2010 Toyota Camry hybrid featured a more streamlined exterior styling than the 2009 model.
There should be no doubt that the Toyota Prius will always be a popular hybrid car at auto auctions. Similar to the Toyota Camry, the 2009 and 2010 Prius models are particularly popular at auction. The 2009 model was the last version release before the 2010 redesign. While it still offers class leading fuel economy and a versatile interior it was not considered to be the most attractive hybrid vehicle on the market. The 2010 option featured a much sleeker styling. It also boasted a more powerful and fuel efficient gas engine and electric motor.
Chevrolet Volt Hybrid
The Chevrolet Volt may not be seen as often as many of its hybrid counterparts at auction, but when it appears it is extremely popular. The 2013 model can go significantly farther than most plug-in rivals on electric power alone. While it does have limited passenger and cargo space it is considered to be a much more lively and responsive car than many other hybrids. Additionally, while the interior space may be smaller than some rivals it leverages top-notch materials and an attractive designed to relay and customers. One thing to keep in mind is that since few of these models are typically available at local auto auctions the average purchase price will be a little bit higher than other, more common hybrids.
Honda Civic Hybrid
The Honda Civic hybrid is another popular option which has been increasingly common at auto auctions. Consumers target any model from 2009 through 2011. Generally, this model ranks highly for its outstanding safety ratings and quality interior. At the same time, there are noticeable improvements between the 2009 in 2011 options. As a result, the older models will have far fewer competing bidders which provides an excellent opportunity for snagging a quality hybrid car at a significantly reduced price. While you can still save money compared to the secondary market retail value on a newer Honda Civic, the overall price tag will be a little higher.
The Nissan Altima hybrid is not as popular as many of the other hybrid cars on this list. However many of them have recently come off of leases which has spurred its appearance at auto auctions. The Nissan Altima hybrid consistently boasts some of the best fuel economy ratings in its class as well as high safety scores. This makes it particularly appealing to family minded consumers. At the same time, the older Nissan Altima hybrid cars typically have lower reliability ratings than a majority of their counterparts.
The final popular option at auto auctions is the Saturn Aura hybrid. In most cases, consumers will typically opt for newer models. Of this is because the older versions received a less than stellar reviews for their sluggish performance and comparatively low fuel economy. At the same time, for people who want a massive amount of cargo room and interior space, it has proven to be an excellent choice.