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Rockybid.com is intending to take a large loss on the 2010 Honda Insight in order to bring in more potential bidders. Based on current estimates, the hybrid car is set to sell for less than $300 dollars, a third of the average priced car in the 1950’s.
New York, NY (PRWEB) May 17, 2009 -- At 6:30PM on Sunday May 17th, internet auction site RockyBid.com is set to suffer the biggest single-item loss in its short history. Rockybid estimates the expected loss, on the 2010 Honda Insight hybrid car near $19,400. Bidders, on the other hand, are presented with an unfathomable opportunity to win the latest hybrid car on the market for literally a few dollars.
The current economic climate has severely limited purchase of new cars in recent months; Rockybid’s loss is set to give one bidder an incredible deal. With losses for the car on the rise, the car is expected to sell for a mere third of the average priced car in the 1950’s.
The Honda Insight hybrid car is far and away the most expensive item that has been put on the block. The five-door hatchback was Japan’s top selling vehicle for this past April and only became available in the US on April 24. On the lot, it sells for $19,800. On Rockybid, it will probably sell for a few hundred dollars, or less.
Items on Rockybid are typically bought at between 0.5% and 1.5% of their retail price. Even assuming a much higher percentage of 3% because of the Insight’s unique draw, the final selling price of the car would be under $600! Coupled with the Insight’s combined rating of 41 miles-per-gallon, this sale is a tempting opportunity for any recession-minded shopper.
# # # Read the full story at http://www.prweb.com/releases/honda/insight/prweb2430714.htm.
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