Mexican Media Brands
New-Car Fuel Economy Up 18% in Five Years
The sales-weighted fuel economy of new light-duty vehicles sold in the U.S. rose to 23.8 mpg last month from 20.1 mpg in October 2007, according to researchers at the University of Michigan Transportation Research Institute.
#economics
Share
The sales-weighted fuel economy of new light-duty vehicles sold in the U.S. rose to 23.8 mpg 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
-
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 Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.