The last we heard of the Mitsubishi PX-MiEV concept was when it was rumored to be lending its drive train to the Lancer Evolution XI. Today the car has been shown off during the Tokyo Motor Show and we have finally have some solid specs.

The car will feature 2 electric motors producing 82 hp and 200Nm of torque and will be coupled with a 1.6-liter engine good for 116hp and 125Nm of torque. Thanks to this combination, in addition to regenerative braking, you’ll be looking at a none-too-bad 117 mpg.

When exactly we will see if PX-MiEV hit dealerships, if ever, is still a mystery.

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As if you needed any more proof that the Cash for Clunkers program was a success — It was recently made known that dealers across the United States have reached their lowest inventory levels since 1975. And, while this may seem like a bad thing, this is great considering the slow auto sales caused by the recession.

However, this isn’t all peaches, considering demand is expected to shrink a hefty amount considering there are no more Cash for Clunkers incentives. Luckily though, due to the low inventory, automakers will now be able to supply dealers with an appropriate amount of vehicles to keep up with demand. So, in turn, there won’t be a ridiculous amount of cars sitting on the lots which got us into this mess in the first place.

via kickingtires

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Last summer when gas price were threw the roof it was reported that a handful of Toyota dealerships were gouging the prices of the Prius since it was such a hot item. Autoblog even reports that used cars were going for more than brand new because dealerships were selling out so fast.

Well now, reports have come out that since the 2010 Prius is selling just as fast as the 2009 model, some dealerships have been adding up to $5,000 onto the MSRP in hopes to keep up with the demand. Before you yell foul play make note that this is a standard business practice when the demand starts to outdo the supply.

And, if it really bothers you chances are you will still be able to find the 2010 Toyota Prius for the normal price after doing a bit of searching.

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