SANTA MONICA, Calif. — TrueCar.com provided actual fuel economy numbers from January light vehicle auto sales that indicate TrueMPG™increased to 22.9 mpg in January 2012 compared to 22.0 mpg in January 2011, and increased from December 2011 at 22.2 mpg.
“The national gas price average reached its highest levels ever in January and consumers continue to snap up the most fuel efficient vehicles,” said Jesse Toprak, Vice President of Market Intelligence at TrueCar.com. “If gas prices continue to increase, as expected over the spring and into the summer, we will continue to see record average fuel economy of newly purchased vehicles.”
Below is how the top seven manufacturers fared comparing overall mpg, broken out by car and truck mpg:
|Average TrueMPG||Average Car TrueMPG||Average Truck TrueMPG|
According to TrueCar.com, the TrueMPG™ for vehicles sold by U.S. manufacturers averaged 20.9 mpg in January 2012, up from 20.3 mpg in January 2011. European manufacturers increased their average fuel economy for vehicles sold from 21.3 mpg to 22.4 mpg; Japanese manufacturers increased their average fuel economy from January 2011 at 23.6 mpg to 24.6 mpg; and South Korean manufacturers increased their average fuel economy for vehicles from 26.1 mpg to 27.4 mpg.
Below is a snapshot of a few vehicle segments and how they compare from January 2012 versus January 2011:
|Average Small Car TrueMPG||Average Midsize Car TrueMPG||Average Large Truck TrueMPG|
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 is seeking 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™M helps keep in perspective what each manufacturer’s average miles per gallon per car sold using EPA’s window sticker.
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 EPA’s average fuel economy rating using 45 percent highway and 55 percent city driving behavior.
About TrueCar, Inc.
TrueCar, Inc. is an automotive solutions provider focused on changing how cars are sold by providing a significantly better consumer experience while helping qualified dealer partners gain incremental market share and reduce costs. TrueCar is a visual publisher of new and used car transaction data. TrueCar price reports help both dealers and consumers to agree on the parameters of a fair deal by providing an accurate, comprehensive and simple understanding of what others actually paid recently for an identically-equipped vehicle both locally and nationally. TrueCar works with a national network of dealers that provide a no-hassle car buying experience. In addition, TrueCar assists some of the nation’s largest and most well respected membership and service organizations to meet the auto buying needs of their members and customers. TrueCar is headquartered in Santa Monica, CA and has offices in San Francisco, CA and Austin, TX. Since 2006, TrueCar has connected hundreds of thousands of consumers with dealers nationwide resulting in dealers selling over 400,000 vehicles and is developing a suite of products and services centered on radical clarity through the comprehensive analysis of market data and information.
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