Published

Average New-Car Fuel Economy Unchanged

The average fuel economy of new passenger vehicles sold in the U.S. during the 2015 model year through May is 25.3 miles per gallon, unchanged from the previous model year, according to the University of Michigan's Transportation Research Institute.
#economics #regulations

Share

The average fuel economy of new passenger vehicles sold in the U.S. during the 2015 model year through May is 25.3 miles per gallon, unchanged from the previous model year, according to the University of Michigan's Transportation Research Institute.

But the average for vehicles sold during May rose to 25.5 mpg from 25.2 mpg in April. Researchers say the increase may signal rising consumer interest in fuel-efficient vehicles as U.S. gasoline prices continue to rise.

Regular-grade gasoline currently averages $2.76 per gallon, up 13 cents from a month ago, according to the AAA Daily Fuel Gauge Report. AAA notes gasoline prices have been rising since late January, when they averaged about $2.03 per gallon.

RELATED CONTENT

  • VW Warns of Higher Costs to Develop EVs

    CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.

  • Tariffs on Autos: “No One Wins”

    While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.

  • On Global EV Sales, Lean and the Supply Chain & Dealing With Snow

    The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future

Gardner Business Media - Strategic Business Solutions