Welcome!

News Feed Item

Average Fuel Economy for New Cars Sold Stays Flat For Third Straight Month at 23.2 MPG in October 2012 According to TrueCar.com's TrueMPG

SANTA MONICA, Calif., Nov. 8, 2012 /PRNewswire/ -- TrueCar.com, the authority on new car pricing information, trends and forecasting, today provided actual fuel economy numbers from September light vehicle auto sales that indicate TrueMPG increased to 23.2 mpg in October 2012 compared to 22.2 mpg in October 2011, and stayed flat from September 2012 at 23.2 mpg.

(Logo: http://photos.prnewswire.com/prnh/20110118/LA31413LOGO)

"Unseasonably strong demand for small and gas efficient vehicles balanced what would have otherwise been a drop in overall MPG due to large trucks showing some strength in the marketplace," said Jesse Toprak, Senior Analyst at TrueCar.com. "We anticipate a relative decline in TrueMPG for the rest of the year, as the larger SUVs and trucks claim a large market share with the weather conditions worsening and end of the year deals creating attractive discounts for these segments."

Below is how the top seven manufacturers fared comparing overall mpg, broken out by car and truck mpg:


Average MPG

Average Car MPG

Average Truck MPG

Manufacturer

Oct-12

Oct-11

YoY

Oct-12

Oct-11

 YoY

Oct-12

Oct-11

YoY

Chrysler

20.0

19.4

0.6

24.0

22.9

1.1

18.2

18.0

0.2

Ford

22.1

21.3

0.8

28.3

26.2

2.1

19.6

19.4

0.2

GM

21.0

20.4

0.6

25.9

24.6

1.3

18.7

18.7

0.0

Honda

25.4

23.9

1.5

28.9

27.8

1.1

22.4

21.0

1.4

Hyundai/Kia

27.1

26.8

0.3

28.9

28.3

0.6

23.5

23.6

-0.1

Nissan

24.5

23.2

1.3

28.5

26.4

2.1

19.8

19.6

0.2

Toyota

24.6

23.7

0.9

30.3

28.6

1.7

19.2

19.3

-0.1

Volkswagen

26.7

26.1

0.6

27.9

27.4

0.5

22.2

21.5

0.7

Industry

23.2

22.2

1.0

27.6

25.9

1.7

19.6

19.3

0.3

According to TrueCar.com, the TrueMPG for vehicles sold by U.S. manufacturers averaged 21.1 MPG in October 2012, up from 20.4 MPG in October  2011. European manufacturers increased their average fuel economy for vehicles sold from 21.9 MPG to 23.5 MPG; Japanese manufacturers increased their average fuel economy from last year at 23.6 MPG to 25.0 MPG; and South Korean manufacturers increased their average fuel economy for vehicles from 26.8 MPG to 27.1 MPG.

Below is a snapshot of a few vehicle segments and how they compare from October 2012 versus October 2011:


Average Small Car MPG

Average Midsize Car MPG

Average Large Truck MPG

Manufacturer

Oct-12

Oct-11

YoY

Oct-12

Oct-11

YoY

Oct-12

Oct-11

YoY

Chrysler

31.2

25.1

6.1

23.9

24.0

-0.1

15.8

15.6

0.2

Ford

33.3

32.2

1.1

28.0

26.6

1.4

17.3

17.5

-0.2

GM

30.7

31.2

-0.5

26.2

25.3

0.9

17.1

17.0

0.1

Honda

31.8

32.4

-0.6

27.7

25.9

1.8

17.2

16.9

0.3

Hyundai/Kia

30.6

31.4

-0.8

28.0

26.6

1.4

 N/A

 N/A

 N/A

Mazda

30.9

26.3

4.6

24.4

25.1

-0.7

 N/A

 N/A

 N/A

Mitsubishi

25.4

25.8

-0.4

24.3

24.3

0.0

 N/A

 N/A

 N/A

Nissan

32.2

30.6

1.6

28.4

25.2

3.2

14.3

14.3

0.0

Subaru

27.4

21.1

6.3

25.4

22.7

2.7

 N/A

 N/A

 N/A

Suzuki

 N/A

 N/A

N/A

25.0

25.2

-0.2

 N/A

 N/A

 N/A

Toyota

34.8

34.1

0.7

28.4

26.1

2.3

15.5

15.7

-0.2

Volkswagen

31.3

30.7

0.6

29.3

27.9

1.4

 N/A

 N/A

 N/A

Industry

32.0

31.2

0.8

27.4

25.4

2.0

16.8

16.3

0.5

TrueMPG is an easy-to-understand and objective way to comprehend monthly fuel economy averages by brand, manufacturer, origin and vehicle segments using Environmental Protection Agency ("EPA") ratings based on estimated and/or actual monthly automotive sales-weighted data.  TrueCar.com seeks to provide transparency and truth in average fuel economy, providing an alternative view to Corporate Average Fuel Economy ("CAFE") ratings that can be confusing and misleading.  TrueMPG helps keep in perspective what each manufacturer's average miles per gallon per car sold, computed monthly and annually, by using the EPA's window sticker ratings.  

TrueMPG computes monthly average fuel economy by brand, manufacturer, origin and vehicle segments by using actual sales data or forecasted sales data for the current month. Calculations start at the trim level, taking into account EPA fuel economy data including engine size and drivetrain that affect a vehicle's MPG ratings; the sales share from each trim level is then calculated to create an average for each model.  Brand level data is calculated by the sales share of each model and the manufacturer data is then based on the share of each brand, providing an accurate and completely data driven picture of actual measured MPGs in the market place. TrueCar utilizes the EPA's average fuel economy rating using 45 percent highway and 55 percent city driving behavior.

For additional data on TrueMPG by brand, manufacturer, origin and vehicle segment, please visit the TrueCar Truth Blog. The TrueMPG data will be released in November's TrueCar.com TrueTrends report.  You can follow TrueCar on Twitter (@TrueCar) and become a fan of TrueCar on Facebook and Google+.

About TrueCar, Inc.

TrueCar, Inc., headquartered in Santa Monica, Calif., with offices in Santa Barbara, Calif., San Francisco, Calif., and Austin, Texas, is an automotive pricing information and analysis company that creates a better buying experience for dealers and consumers.  As an online publisher of unbiased new and used car transaction data, TrueCar.com provides price reports that empower dealers and consumers to agree on the parameters of a fair deal by supplying a transparent, simple understanding of what others recently paid for identically-equipped new cars in their geographic area.  TrueCar also owns ALG, the benchmark for vehicle value information to the automotive industry and has been forecasting residual values for nearly 50 years in both the U.S. and Canadian markets.

TrueCar is a data-driven company that sources and compiles car-buying information unlike anybody in the industry.  This is why, since its founding in 2005, TrueCar dealer partners have sold over 600,000 vehicles across the country.  Its national network of more than 5,000 Certified Dealers is committed to provide no-hassle pricing for some of the country's largest membership and service organizations, including American Express, AAA, USAA and Consumer Reports that collectively represent more than one million monthly in-market customers.

You can follow TrueCar on Twitter (@TrueCar) and become a fan of TrueCar on Facebook and Google+.

Disclaimer
This press release and the information contained herein is for noncommercial use on "as-is, as available" basis and may be used for informational purposes only.  TrueCar makes no representations or warranties, express or implied, with respect to the information contained in this press release and the results of the use of such information, including without limitation, the implied warranty of merchantability, fitness for a particular purpose and non-infringement.  The information contained in this press release may include technical inaccuracies or typographical errors.  Neither TrueCar nor any of its parents, subsidiaries, affiliates or respective partners, officers, or directors, employees or agents shall be held liable for any damages, whether direct, incidental, indirect, special or consequential, including without limitation lost revenues or lost profits, arising from or in connection with your use or reliance on the information presented in this press release.

SOURCE TrueCar.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Akana has announced the availability of version 8 of its API Management solution. The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, on-premises, and as a hybrid deployment. Version 8 introduces a lot of new functionality, all aimed at offering customers the richest API Management capabilities in a way that is easier than ever for API and app developers to use.
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...