Fuel Economy of New U.S. Cars Jumps 18% in Five Years
The sales-weighted fuel economy of new light vehicles sold in the U.S. rose to 23.8 miles per gallon last month from 20.1 mpg in October 2007, according to researchers at the University of Michigan Transportation Research Institute.
#economics
The sales-weighted fuel economy of new light vehicles sold in the U.S. rose to 23.8 miles per gallon last month from 20.1 mpg in October 2007, according to researchers at the University of Michigan Transportation Research Institute.
UMTRI says the greater efficiency of the 61 million new vehicles sold during that five-year period saved about 6.1 billion gallons of fuel and reduced carbon dioxide emissions by about 120 billion pounds.
The researchers note that average new-car fuel economy in the U.S. was 14 mpg in 1923. It slid to an all-time low of 11.9 mpg in 1973 before climbing to 17.2 mpg in 1991.
RELATED CONTENT
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
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.
-
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.