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
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
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...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps 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. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...