Wow! Nissan Offers $1,500 Cash Back on Altima Hybrid…Not Meeting Expectations?

As I was fishing the internet this morning I came across this banner that is advertising $1,500 cash back on the new 2007 Nissan Altima Hybrid. I was shocked and immediately thought it was a mistake, but after a visit to Nissan’s website the deal is confirmed.

Everyone has been talking about how hybrids are the next best thing, but are sales leveling off since Nissan is now having to add a rebate to its hybrid in order to move them off the lots? Toyota has also announced new lower pricing for its popular Prius. Or maybe automakers are having to add incentives to the hybrids since many of the initial tax breaks are becoming non-existent? You tell me.

Related Stories:
Should We Be Able to Sue Automakers if We Don’t Achieve Their Claimed Gas Mileage?
Toyota Lowers the Price of the 2008 Prius by $1,225…Is it Due to Less Consumer Interest?
Spy Photos of the New Toyota Prius…Well a Refreshed Version
Spy Photos of Honda’s New “Global Hybrid”…Can it Take on the Prius?