Bargain Bin: High-Priced Hybrids Get Hefty Incentives
Surprise! Lexus and its parent company, Toyota, are apparently finding that it's not as easy selling $106,000 hybrids as it is for $25,000. The Lexus LS 600h L is certainly an excellent piece of automotive engineering, delivering gobs of horsepower and torque with at least a modicum of efficiency thrown in for good measure.
Still, sales of the LS range are down over 50 percent, leading the the Japanese auto giant to place a whopping $10,000 cash incentive on its range-topping hybrid model. Moving down the Lexus lineup a notch will net you a $3,000 incentive on the GS 450h. What's more, the company is throwing another $1,000 at any sales associate that manages to sell one of its pricey hybrids.
Not into expensive hybrid sedans? How 'bout we move to the exact opposite end of the fuel-saving market and into the driver's seat of a 2009 Cadillac Escalade Hybrid. Signing on the dotted line for GM's top-of-the-line hybrid 'ute will cost you from about $73,000 to over $87,000... minus a five-digit discount, of course. Such a deal!
[Source: Auto Observer]
Reader Comments (Page 1 of 1)
Ken Oct 7th 2009 9:50AM
Even as hybrids, they don't get great mileage:
LS600hL= 21mpg
GS450h=23mpg
Esc. hybrid=20mpg