2008 Toyota Prius Gets Base Price Cut

Toyota Motor Corp.'s 2008 Prius gasoline-electric car is priced 5.5% less than the 2007 model.

The new standard Prius starts at $20,950, $1,225 cheaper than the 2007 version.

The new model, however, does not have crusie control, heated rearview mirrors that  were standard.

It stands to reason that the more Priuses that are made and bought, the cheaper they can be offered.

Additionally, for US buyers, there is less of a tax break, the more that are bought and a cheaper sticker price will make up for that.

Hybrid sales in the United States rose 60% to 187,533 vehicles in the first half of this year. Just over half of those were Toyota's Prius.

Toyota's Camry hybrid will also be $1,000 cheaper this year.

Meanwhile, GM, Ford and DaimlerChrysler….