Is This a Great Time to Buy a 2008 Hybrid?

With the credit market still frosty and gasoline prices nearly a third of what they were at their peak this past summer, sales of 2008 hybrid models have plunged precipitously. Green Car Congress reports that hybrid sales are off by 50% for the month of November. It’s a far cry from six months ago, when gas prices were at their peak and hybrids were tough to find at dealer lots at MSRP.

For those who waited, this presents a opportunity … six months later, we’re looking at a buyer’s market for those with the means to make the purchase. Dealers have the inventory and they’re itching to move it.

While a hybrid vehicle might not seem like a prudent purchase, given the current economic situation, today’s cost/availability differential is profound. Although gasoline prices are low, they won’t stay that way, given OPEC’s intent to cut back production. In another six months, this may be a remarkable opportunity.

Or not …