Consumer Reports admits it was wrong ~ Hybrid Car Review
Hybrid Car Review: Consumer Reports admits it was wrong

Wednesday, March 08, 2006

Consumer Reports admits it was wrong

It seems that all of the protests about their mistakes in calculating the depreciation costs have gotten through to Consumer Reports. They are revising their numbers on the cost of ownership. I think it's probably too late, though. The damage has been done and many others have and will probably continue to quote the mistaken numbers. We'll have to wait and see.

Kansas City Tribune
CR's revised analysis shows that two of the six hybrids recovered their price premium in the first five years and 75,000 miles of ownership. The Toyota Prius and Honda Civic Hybrid provide a savings of about $400 and $300, respectively, when compared with their all-gas counterparts-as long as federal tax credits apply. But extra ownership costs during the first five years and 75,000 miles for the other four hybrids ranged from an estimated $1,900 to $5,500, compared to similar all-gas models.

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