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Aging Prius, dropping gas prices putting hurt on hybrid, EV sales

"As Prius represents by far the biggest chunk of the hybrid marketplace, where Prius goes, the segment goes," - Ed Kim, Autopacific
Fuel prices in the US have been tumbling for the last several weeks, with the average price of a gallon of gas at $3.120 as of October 20, according to the US Energy Information Administration. That price reflects a serious recent drop from $3.299 on October 6. Reports have even suggested that those low numbers might not change for a little while, perhaps as long as years. While drivers certainly love paying less at the pump, the change may be hurting the market for more fuel-efficient models, including the Toyota Prius.

Toyota confirms 2014 Highlander is in a New York state of mind

Toyota has confirmed that it will be showing off the all-new 2014 Highlander at the New York Auto Show later this month. It's been a while since we've heard about the updated Highlander, but given just how long this thing has been on the market, we certainly hope that the list of changes will be more extensive than the new 2014 Toyota Tundra that debuted in Chicago last month.
Currently, the Highlander is offered in both naturally aspirated and hybrid versions, with front- and all-wheel drive. We don't expect the formula to change too much, since sales of the Japanese CUV are still steady - well in line with newer players in the segment like the Ford Explorer, Nissan Pathfinder and GM's Lambda triplets (Chevrolet Traverse, GMC Acadia and Buick Enclave).
We'll have the full skinny on the new Highlander in the coming weeks. For now, scroll down to read Toyota's incredibly brief press blast.

Incoming Toyota chairman wants a Supra successor

We'd venture to guess that in recent years, there have probably been almost as many rumors swirling about a Toyota Supra successor than there have been for a mid-engine Corvette. (Case in point: the speculative renderings we came across a few years ago, pictured above.) While we don't expect the Corvette's recipe to change drastically any time soon, it looks like a Supra - or more appropriately a Supra-like car - could be closer than we think.
First, there was an announcement of a BMW-Toyota joint venture. Said venture would, among other things, "Set up a feasibility study to define a joint platform concept for a mid-size sports vehicle."
Upping chances even further, a new Automotive News report claims that incoming Toyota chairman Takeshi Uchiyamada wants a vehicle "comparable" to the Supra. Clearly there are a lot of parties that want a new Supra to happen - to say nothing of enthusiasts - but Uchiyamada might be just the guy to get it done. None of this is proof positive of an impending Supra, to be sure, but winds do seem favorable.