Honda's new hybrid not as cheap as expected

Cheaper than the Civic hybrid

There has been a lot of sketchy information coming out of Honda when it comes to their new dedicated hybrid-only vehicle. And, new statements from the AP are no less clear, particularly when it comes to cost.

In a speech at the Center for Automotive Research Management Briefing Seminars Richard Colliver, executive vice president of American Honda Motor Co. confirmed everything we already know: Honda will launch the new 5-door, 5 passenger hybrid next Spring. Yet, in terms of costs, Colliver would only go so far as to say that it will be cheaper than the Honda Civic hybrid($22,600).

That seems a lot less confident than some of the $19,000 predictions of a few months ago. I'm betting no less than $19,999.