Report Says Model Change, Production Limits, Will Restrict Hybrid Sales To About 50,000 In 2003
Hybrid car pioneers Toyota and Honda say they probably can't build enough of the fuel-saving models to meet demand this year as rising gasoline prices stir consumer interest, Bloomberg News reported. The news agency said sales of the three gasoline-electric models, Toyota's Prius and Honda's Insight and Civic Hybrid, are up 50 percent so far this year but a Prius model change late this year and a production ceiling at Honda mean sales may be limited to about 50,000 cars in 2003. "Given expected availability and product-release schedules, hybrid sales could be 50,000 to 55,000 this year, no higher," Walter McManus, a global forecasting director for JD Power & Associates, told Bloomberg News. Hybrid sales remain at niche levels as retail costs are as much as $4,000 more than equivalent gasoline-powered cars and consumers are wary of new technology, analysts told Bloomberg News. Toyota and Honda combined sold 36,000 hybrids in the US last year, just 0.2 percent of 16.8 million new cars and trucks bought, Bloomberg News said. The news agency said that Toyota has forecast sales of 21,000 Prius in 2003, compared with 20,119 last year, as supplies of the current version run down ahead of the launch of a redesigned 2004 model. "Demand for Prius is going to continue to outstrip supply," spokesman John Hanson told Bloomberg News. "The plan right now is to continue to cycle down inventories in preparation for the next generation."
More Small Fleet

Developing Budget-Friendly Driver Safety Programs
From driver training and safety meetings to one-on-one coaching and incentive programs, several small fleets share how they have developed a safety culture with their drivers using low- to no-cost resources.
Read More →
Boosting Last-Mile Fleet Uptime, Safety, and Value with AI Vehicle Inspections
AI-powered inspections are transforming last-mile fleets by replacing manual checks with highly accurate automated scans that detect defects in seconds. By giving fleet operations visibility into the daily condition of their vehicles, you can identify trends over the vehicle’s lifecycle that enable improved procurement decisions, route management, driver training and accountability.
Read More →
Five Ways Seat Belts Help Prevent Injuries
There are five ways seat belts protect occupants from injuries, according to the Tennessee Department of Safety and Homeland Security.
Read More →
It’s here: The 2026 Fleet Technology Trends Report
What does AI mean for fleets? Get the answer — and learn other top tech trends.
Read More →
Small Fleets, Big Impact: How Independent Drivers Power Wreaths Across America
Check out how small fleets and independent drivers power Wreaths Across America each December and why their impact matters more than ever.
Read More →
VMS Survey Finds 65% of Small Fleet Managers Run Operations Alone
A new VMS survey shows small fleet managers are stretched thin, with most handling operations solo and eager to adopt digital tools for relief.
Read More →
Tips for Driving Safely on Halloween Night
This video features a reminder from the Connecticut Department of Transportation (DOT) and the Connecticut Police Chiefs Association, urging drivers to prioritize safety this Halloween.
Read More →
AI, Access, and Uptime: VMS’s Next Chapter with David Prusinski
VMS’s new Co-CEO, David Prusinski, shares how an AI-first approach will give small fleets and repair shops the tools to compete like big players.
Read More →
Fleet Managers Share Winter Prep Tips: It's Never Too Early!
Three fleets share best practices to prep vehicles for winter and prevent downtime when the cold sets in.
Read More →

