Americans Buy Less Efficient Models as Fuel Prices Dip
The fuel economy of new vehicles sold in the U.S., which had improved over six months to a record high in March, worsened last month as gasoline prices eased, researchers at the University of Michigan Transportation Research Institute say.
#economics
The fuel economy of new vehicles sold in the U.S., which had improved over six months to a record high in March, worsened last month as gasoline prices eased, researchers at the University of Michigan Transportation Research Institute say.
The fuel economy of cars and light trucks purchased in April averaged dipped to 23.9 mpg from 24.1 in March, according to UMTRI. But the group says fuel-efficiency has improved 18% (3.8 mpg) since it began tracking the data in October 2007.
UMTRI says its Eco-Driving Index an estimate of the average monthly emission of greenhouse gases per newly purchased car improved 6% from December to February. The index, which factors in vehicle fuel efficiency and the distance driven, is published with a two-month lag.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.