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Toyota Announces Pricing for the Camry Hybrid

Toyota’s new Camry Hybrid (earlier post) will roll into showrooms in May with a base MSRP of $25,900. The new non-hybrid versions of the all-new 2007 Camry range from a base MSRP of $18,270 for the four-cylinder manual model to a base MSRP of $27,520 for the V6 XLE model.

Toyota has revised downward its preliminary estimated fuel economy ratings for the hybrid to 40 mpg US in the city, 38 mpg US on the highway and 39 mpg US in combined driving.

At the unveiling of the car in January, Toyota had issued estimated ratings of 43 mpg US city, 37 mpg US highway and 40 mpg US combined.

The Camry Hybrid is expected to be certified as an Advanced Technology Partial Zero Emissions Vehicle (AT-PZEV), just one of a handful of cars to meet the strict AT-PZEV standard.

Comments

Joseph Willemssen

That's a pretty steep premium over the base 4-banger.

Tripp

What's the difference in features? It's still cheaper than the base V-6 by almost $2K.

Patrick

It is a steep premium if it had the same equipment level. There are several features on it that are above the standard 4 cylinder Camry (not to mention the additional fuel economy and available power). Some of the items are not even available as an option on the base 4 cylinder model.

Once they stop charging a premium over MSRP for these, this will be my next car.

Patrick

Forgot to mention: Tripp- go to Toyota.com, click camry from the pull down menu. Select Hybrid from the bottom of the screen and a PDF pops up with the features listed for all models.

Joseph Willemssen

"What's the difference in features? It's still cheaper than the base V-6 by almost $2K."

Actually, that's for the primo XLE model. You can get an LE with a 6 for $23,040 -- about $4,500 less than the hybrid 4-banger.

This isn't apples-to-apples, as Patrick mentioned, as the trim levels are obviously different. I sure would appreciate it if the manufacturers would simply make hyrbid an option with a price on it, so we wouldn't have to estimate it.

Robert Schwartz

There is a more than $7,000 price difference between the hybrid and the manual 4. If the manual 4 gets a real world 25 mpg, it will use 8000 gal of gas over a 200,000 mile life time. If the hybrid gets 35 real world, you will save about 2,300 gal of gas, which is almost worth it if gas is more than $3/gal. YMMV.

duh

Will the trends for hybrids posted here continue? Has the green market saturated? Hybrids don't pay, on purely economic basis. Cars are being held a little longer, as posted here, but not to 200K. Buy a Yaris, Aveo or Spectra or somesuch if you want an economical, efficient option.

Rob

It is amazing to see that you equate only the saving in gas when considering a hybrid. Remember you will get a tax rebate which is not included in your equation. You will have to check with your state to see what it is. But the most important part of hybrid equation is the carbon footprint improvement you will leave on the environment. Perhaps you don't care but that alone should be incentive enough. It is more than just dollars!

Lance Funston

I never did get my thank you note from Steve Jobs for buying that $2300 Mac SE 20 (with a 20MB HD) back in 1987 that is now a doorstop. Or that Mac g3 lombard powerbook with a blazing 266MhZ processor.

It's still an early adopter situation. Folks like us are helping to build the hybrid market for future generations. I did it for computers. Someday no one will bother to put a hybrid badge on the car because it will be like ABS, and will cost a lot less than it does now.

Is the world any better for all those computer I bought? It certainly is for the Prius I bought and I hope someday soon to upgrade to the next level in technology.

Joseph Willemssen

"Will the trends for hybrids posted here continue? Has the green market saturated? Hybrids don't pay, on purely economic basis. Cars are being held a little longer, as posted here, but not to 200K. Buy a Yaris, Aveo or Spectra or somesuch if you want an economical, efficient option."

I'm amazed at how persistent this false notion is, no matter how often it is shown to be untrue, as well as a false comparison.

tonychilling

Oh Please GM!! Bring back the EV2 but with A123 batteries.
So now I can go 300 miles and recharge in ten minutes.
The future is here. Now. But they won't give it to us!

I predict, that in the same year, scientists will be allowed to reveal life is on other planets, one of the big four will mass produce a full electric car.

Lucas

Which of the big four do you have in mind?

Toyota? Honda? ...

t

Lance and other hybrid owners:

Good for you. The Camry is not much more than the Prius and less, depending upon the feature set. I, personnaly, am happy with my Prius and can't see any reason to go for the Camry. Others, who wouldn't buy a Prius, may see it differently. Let's hope so, if this gets them out of a car with worse gas mileage.

Hope, like others, that the hybrid setup merely becomes an option. Right now, though, I guess Toyota perceives that as a more expensive, complicated way to go.

One important issue is that the HSD is a good gateway to a plug in. Still hoping and waiting that Toyota mass produces an upgrade for about $5,000. According to a post I read in EV world, the U.S. electric baseload could take care of converting 10% of our fleet to PHEV.
So, the net reduction in GHG for the first 10% would be roughly equal to the vehicles replaced. That should hold us for awhile before we would have to think about increasing capacity due to electric conversion.

The Anonymous Poster

Tonychilling, I am with you. The GM EV1 was the only American vehicle in the past 10 years I ever wanted to buy. Since I didn't live in Southern California, I wasn't allowed to lease one. With the push for plug-in hybrids, it looks like I will eventually get my EV1. It'll just have a Honda or Toyota badge on it.

realist

I'm so sick of people comparing a striped down base model to a top of the line fully loaded hybrid model and saying that hybrids are $8,000 more expensive yada yada yada. People actually try to compare my Civic Hybrid against a Civic DX, the DX doesn't even have A/C, I think only 2 speakers, it's ****ing ridiculous. Take a fully loaded camry 4 cylinder and compare it against it's fully loaded camry hybrid, THAT'S your price difference!

Tim Russell

If you check over at Toyota.com you'll find the Camry Hybrid is loaded. It comes in between the SE V6 which has fewer standard features and the fully loaded XLE V6 in price so the math works quite well here. Also not only is is much cheaper than the Accord hybrid they retained the 60/40 folding seat for much greater utility.

Tim Russell

Loaded 4cyl 24city/33highway is $24,425 for a difference of $1475. Toss in the tax breaks and it would be a wash. But wait there's more (sorry Autoweek :-) ), the hybrid has more power and is rated at 16MPG better in the city and 5MPG better on the highway.

TImothy O.

Another thing about the CAMRY Hybrid. It has the VDIM system which is NOT available even on the V6. I own a Highlander Hybrid and have experienced what the VDIM can do. It is a very sophisticated fly-by-wire safety system. It is unclear if any car out there offers anything close except for a $65K Mercedes.

Cosmo

All,

What may happen is that the hybrid Camry competes with the V6 and not the 4 banger. Rated Hp for the Hybrid is nearly the same as the 2005 V6 (approx 200). Hopefully people will now see the equation a bit differently. You can achieve near V6 aceleration out of a vehicle getting 38 MPG. Payback times wil be considerably shorter comparing the V6 to the hybrid. If we see a trend of individuals replacing V6's with hybrids, that could really revolutionize the hybrid industry IMHO.

Rafael Seidl

Cosmo -

I completely agree. The appropriate comparison in terms of the drivetrain is the one that yields the closest match for vehicle performance. Hybridization is a downsizing concept, ergo you *should* be getting V6 performance out of an I4H, at least at low to medium speeds. Depending on the layout of the electric motors, you may or may not achieve parity in acceleration at high speeds.

Only then does it make sense to compare other vehicle features and play the parlor game of guessing the premium for the hybrid components.

Max Reid

At 29 MPG, Camry will consume 150,000 (miles) / 29 = 5,172 gallons.

At 39 MPG, Camry hybrid consumes 150,000 / 39 = 3,846 gallons.

Differnce of 1,326 gallons * $2.4/ gallon = 3,183 savings.

Ofcourse Camry Hybrid will have tons of extra feature + very smooth ride. Expect the demand to shoot up.

Joseph Willemssen

"At 29 MPG, Camry will consume 150,000 (miles) / 29 = 5,172 gallons.

At 39 MPG, Camry hybrid consumes 150,000 / 39 = 3,846 gallons."

Why did you choose 150,000 miles?

Ryan

For now hybrids are sold for 1 reason, meeting the california emissions standards.

People buy them for the image.

If we assume a 150,00 mile service life which is not unreaistic for a gasoline engine (5000 hrs service life at 35 mph ave = 175k)

I have next to zero confidence that the $4000 battery pack will last that long. NiMh batterys only have an expected life of 1000 cycles or so.

Using 12k per yr that gives us a 12.5 yr service life over which to regain the costs of the Hybrid option.


Using the math above if the MPG difference goes from 29 to 39. YMMV

That would translate to a savings of 1326 gallons over 12.5 yrs.

BUT here is the kicker you have to pay for the cost of the hybrid up front and the gasoline only as you use it.

You could also take $7630 if that is the added cost of the hybrid over a gas only vehicle with the same specs and performace otherwise and put it in the bank ar 4% intrest. You would have $12,569

If you have $7630k laying around

If you have to take out a loan for the full ammount you would have to recover the cost of the intrest paid on the larger loan.

If we took out a 5 yr loan on $25,900 or $18,270

The total paid would be $21,193 and $30,043 respectivly

So for for the numbers given above assuming all things being equal except MPG.

Also assuming gas stays the same price at say $3/ gallon

The difference of 1326 gallons = $3978

"saved" over a $7630 higher price + $8850 more paid in intrest or + $12,569 you could have earned in intrest at 4% for 12.5 yrs
(many assumptions I know)

I'm glad that we are building hybrids for the sake of learning how to build better electric motors etc.

For a hybrid to pay off it is going to have to wident the performance difference between a gas only version, and last significantly longer, at present this does not appear to be the case.

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