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
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Imagine having the ability to leverage all of your current technology and to be able to compose it into one resource pool. Now imagine, as your business grows, not having to deploy a complete new appliance to scale your infrastructure. Also imagine a true multi-cloud capability that allows live migration without any modification between cloud environments regardless of whether that cloud is your private cloud or your public AWS, Azure or Google instance. Now think of a world that is not locked i...
Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls "Bimodal IT," where business struggle to apply modern tools and practices to traditional monolithic applications. But these existing assets can be modernized and made more efficient without havin...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
SYS-CON Events announced today that Auditwerx will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Auditwerx specializes in SOC 1, SOC 2, and SOC 3 attestation services throughout the U.S. and Canada. As a division of Carr, Riggs & Ingram (CRI), one of the top 20 largest CPA firms nationally, you can expect the resources, skills, and experience of a much larger firm combined with the accessibility and attent...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...