Some used Prius selling higher than new

ROCHESTER, N.Y., April 11 (UPI) -- U.S. demand for the Prius, a gas-electric hybrid made by Toyota, has grown so strong, some used models are reportedly selling for more than they cost new.

A study conducted by Kelly Blue Book and Harris Interactive found that to avoid the typical two-month waiting period for the Toyota Prius -- some waiting times are higher -- many people are willing to pay a premium for a used model, reported CNN/Money.

The survey also found 8 percent of the consumers polled considered hybrid vehicles during March, double the amount in February, but if gas prices reach $3 per gallon, 77 percent of car shoppers would seriously consider a more fuel efficient vehicle.

The Prius uses an electric motor in addition to a gasoline engine to achieve an EPA estimated 51 miles per gallon on the highway and 60 mpg in the city.