Welcome!

News Feed Item

Average Fuel Economy for New Cars Sold Flat for Fourth Straight Month at 23.2 MPG in November 2012 According to TrueCar's TrueMPG

SANTA MONICA, Calif., Dec. 13, 2012 /PRNewswire/ -- TrueCar, the authority on new car pricing information, trends and forecasting, today provided actual fuel economy numbers from November light vehicle auto sales that indicate TrueMPG increased to 23.2 mpg in November 2012 compared to 22.3 mpg in November 2011, and stayed flat from October 2012 at 23.2 mpg.

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

"The demand for fuel-efficient vehicles continues to be unseasonably strong as TrueMPG has remained at 23.0 MPG or above since February," said Jesse Toprak, Senior Analyst at TrueCar. "We expect to see TrueMPG dip in December as more consumers snap up larger SUVs and trucks."

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


Average MPG

Average Car MPG

Average Truck MPG

Manufacturer

Nov-12

Nov-11

YoY

Nov-12

Nov-11

 YoY

Nov-12

Nov-11

YoY

Chrysler

19.9

19.5

0.5

23.7

22.4

1.3

18.3

18.2

0.0

Ford

22.4

21.4

1.0

28.8

26.1

2.7

19.7

19.6

0.2

GM

21.1

20.4

0.7

25.3

24.9

0.4

18.9

18.5

0.4

Honda

25.9

24.2

1.8

29.7

28.4

1.3

22.5

21.1

1.4

Hyundai/Kia

26.8

26.4

0.4

28.6

28.3

0.4

23.0

23.0

0.0

Nissan

23.5

23.1

0.5

28.2

26.4

1.8

20.0

19.5

0.5

Toyota

24.4

24.2

0.1

30.1

29.7

0.4

19.2

19.3

-0.1

Volkswagen

26.7

26.1

0.6

28.0

27.3

0.7

22.1

21.8

0.3

Industry

23.2

22.3

0.9

27.5

26.3

1.1

19.8

19.4

0.4

According to TrueCar.com, the TrueMPG for vehicles sold by U.S. manufacturers averaged 21.2 MPG in November 2012, up from 20.5 MPG in November 2011. European manufacturers increased their average fuel economy for vehicles sold from 22.2 MPG to 23.3 MPG; Japanese manufacturers increased their average fuel economy from last year at 23.9 MPG to 24.8 MPG; and South Korean manufacturers increased their average fuel economy for vehicles from 26.4 MPG to 26.8 MPG.

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


Average Small Car MPG

Average Midsize Car MPG

Average Large Truck MPG

Manufacturer

Nov-12

Nov-11

YoY

Nov-12

Nov-11

YoY

Nov-12

Nov-11

YoY

Chrysler

31.3

25.1

6.2

23.9

23.9

0.0

15.8

15.7

0.1

Ford

34.0

32.2

1.8

29.5

26.6

2.9

17.3

17.4

-0.2

GM

29.8

31.3

-1.5

26.2

25.7

0.5

17.0

17.0

0.0

Honda

31.9

32.5

-0.6

28.5

25.8

2.7

17.2

16.9

0.3

Hyundai/Kia

30.9

30.6

0.3

27.8

27.5

0.3

 N/A

 N/A

 N/A

Mazda

30.9

28.3

2.5

24.2

24.9

-0.7

 N/A

 N/A

 N/A

Mitsubishi

25.5

25.6

-0.1

24.3

24.3

0.0

 N/A

 N/A

 N/A

Nissan

32.3

31.3

0.9

28.0

25.0

3.0

14.3

14.2

0.0

Subaru

26.5

20.5

6.1

25.5

24.2

1.3

 N/A

 N/A

 N/A

Suzuki

 N/A

 N/A

N/A

25.0

25.1

-0.1

 N/A

 N/A

 N/A

Toyota

34.5

35.1

-0.6

28.3

27.4

0.9

15.5

15.6

-0.1

Volkswagen

30.8

30.6

0.2

29.4

27.3

2.1

 N/A

 N/A

 N/A

Industry

31.8

31.7

0.1

27.6

26.0

1.5

16.8

16.8

0.0

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 and 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 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, compiles, and analyses 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 5,200 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.

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, Inc.

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
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
"We are a modern development application platform and we have a suite of products that allow you to application release automation, we do version control, and we do application life cycle management," explained Flint Brenton, CEO of CollabNet, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Application transformation and DevOps practices are two sides of the same coin. Enterprises that want to capture value faster, need to deliver value faster – time value of money principle. To do that enterprises need to build cloud-native apps as microservices by empowering teams to build, ship, and run in production. In his session at @DevOpsSummit at 19th Cloud Expo, Neil Gehani, senior product manager at HPE, discussed what every business should plan for how to structure their teams to delive...
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
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.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web ...
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, shared the functions and data structures used to solve everyday use cases that are driving Redis' popularity.