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Toyota Highlander Hybrid SUV Waiting List People Selling Deposits May 2005

U.S. waiting lists for hybrid versions of Toyota Motor Corp.'s Highlander sports utility vehicle are so long customers who paid deposits are selling them.

A Troy, Mich., salesman who paid $200 to get in line for a Highlander SUV decided after more than a year to sell his deposit, which guaranteed him the second model delivered to his dealer. He put it on eBay and got $499, the Detroit News reported Monday.

"What gave me the idea was salesmen who told me, you can get a premium on it. They were so much in demand," he said.

Toyota already has 12,000 U.S. orders -- a six-month backlog -- for the hybrid Highlander SUV even though it won't hit showrooms until next month.

Further, Toyota has cut advertising for its new Lexus RX 400h hybrid to trim the order backlog, which has still reached 9,000.

"At the local Lexus dealer, they said it would be at least a year to get into the Lexus RX 400h, and I should get into a 330," said Lydia Segal, a physician from Alexandria, Va.

SOURCE: Washington Times
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