Being one of the first number of lawyers to handle diminished value claims I think property damage to hybrid cars will command much higher depreciation of value than fully gas powered cars.

This is since the hybrid and electric car market is now hot and will continue to become so as there is even a waiting period to order Toyota’s Prius.

There could also be a number of good claims for loss of use since the waiting period to order the Prius line is reported to be at 2 to 3 months. Having handled two Prius diminished cases recently its really important to use a diminished value appraiser who has direct experience with the hybrid valuation market.

This entry was posted on Thursday, August 28th, 2008 at 8:33 am and is filed under Diminished Value. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.