Welcome!

Cognitive Computing Authors: Yeshim Deniz, Elizabeth White, Liz McMillan, Pat Romanski, Zakia Bouachraoui

News Feed Item

Average Fuel Economy for New Cars Sold Flat for Fourth Straight Month at 23.2 MPG in November 2012 According to TrueCar's TrueMPG

SANTA MONICA, Calif., Dec. 13, 2012 /PRNewswire/ -- TrueCar, the authority on new car pricing information, trends and forecasting, today provided actual fuel economy numbers from November light vehicle auto sales that indicate TrueMPG increased to 23.2 mpg in November 2012 compared to 22.3 mpg in November 2011, and stayed flat from October 2012 at 23.2 mpg.

(Logo: http://photos.prnewswire.com/prnh/20110118/LA31413LOGO)

"The demand for fuel-efficient vehicles continues to be unseasonably strong as TrueMPG has remained at 23.0 MPG or above since February," said Jesse Toprak, Senior Analyst at TrueCar. "We expect to see TrueMPG dip in December as more consumers snap up larger SUVs and trucks."

Below is how the top eight manufacturers fared comparing overall mpg, broken out by car and truck mpg:


Average MPG

Average Car MPG

Average Truck MPG

Manufacturer

Nov-12

Nov-11

YoY

Nov-12

Nov-11

 YoY

Nov-12

Nov-11

YoY

Chrysler

19.9

19.5

0.5

23.7

22.4

1.3

18.3

18.2

0.0

Ford

22.4

21.4

1.0

28.8

26.1

2.7

19.7

19.6

0.2

GM

21.1

20.4

0.7

25.3

24.9

0.4

18.9

18.5

0.4

Honda

25.9

24.2

1.8

29.7

28.4

1.3

22.5

21.1

1.4

Hyundai/Kia

26.8

26.4

0.4

28.6

28.3

0.4

23.0

23.0

0.0

Nissan

23.5

23.1

0.5

28.2

26.4

1.8

20.0

19.5

0.5

Toyota

24.4

24.2

0.1

30.1

29.7

0.4

19.2

19.3

-0.1

Volkswagen

26.7

26.1

0.6

28.0

27.3

0.7

22.1

21.8

0.3

Industry

23.2

22.3

0.9

27.5

26.3

1.1

19.8

19.4

0.4

According to TrueCar.com, the TrueMPG for vehicles sold by U.S. manufacturers averaged 21.2 MPG in November 2012, up from 20.5 MPG in November 2011. European manufacturers increased their average fuel economy for vehicles sold from 22.2 MPG to 23.3 MPG; Japanese manufacturers increased their average fuel economy from last year at 23.9 MPG to 24.8 MPG; and South Korean manufacturers increased their average fuel economy for vehicles from 26.4 MPG to 26.8 MPG.

Below is a snapshot of a few vehicle segments and how they compare from November 2012 versus November 2011:


Average Small Car MPG

Average Midsize Car MPG

Average Large Truck MPG

Manufacturer

Nov-12

Nov-11

YoY

Nov-12

Nov-11

YoY

Nov-12

Nov-11

YoY

Chrysler

31.3

25.1

6.2

23.9

23.9

0.0

15.8

15.7

0.1

Ford

34.0

32.2

1.8

29.5

26.6

2.9

17.3

17.4

-0.2

GM

29.8

31.3

-1.5

26.2

25.7

0.5

17.0

17.0

0.0

Honda

31.9

32.5

-0.6

28.5

25.8

2.7

17.2

16.9

0.3

Hyundai/Kia

30.9

30.6

0.3

27.8

27.5

0.3

 N/A

 N/A

 N/A

Mazda

30.9

28.3

2.5

24.2

24.9

-0.7

 N/A

 N/A

 N/A

Mitsubishi

25.5

25.6

-0.1

24.3

24.3

0.0

 N/A

 N/A

 N/A

Nissan

32.3

31.3

0.9

28.0

25.0

3.0

14.3

14.2

0.0

Subaru

26.5

20.5

6.1

25.5

24.2

1.3

 N/A

 N/A

 N/A

Suzuki

 N/A

 N/A

N/A

25.0

25.1

-0.1

 N/A

 N/A

 N/A

Toyota

34.5

35.1

-0.6

28.3

27.4

0.9

15.5

15.6

-0.1

Volkswagen

30.8

30.6

0.2

29.4

27.3

2.1

 N/A

 N/A

 N/A

Industry

31.8

31.7

0.1

27.6

26.0

1.5

16.8

16.8

0.0

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 and actual monthly automotive sales-weighted data. TrueCar.com seeks 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 helps keep in perspective what each manufacturer's average miles per gallon per car sold, computed monthly and annually, by using the EPA's window sticker ratings.  

TrueMPG computes monthly average fuel economy by brand, manufacturer, origin and vehicle segments by using actual 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 the EPA's average fuel economy rating using 45 percent highway and 55 percent city driving behavior.

For additional data on TrueMPG by brand, manufacturer, origin and vehicle segment, please visit the TrueCar Truth Blog. The TrueMPG data will be released in November's TrueCar.com TrueTrends report. You can follow TrueCar on Twitter (@TrueCar) and become a fan of TrueCar on Facebook and Google+.

About TrueCar, Inc.

TrueCar, Inc., headquartered in Santa Monica, Calif., with offices in Santa Barbara, Calif., San Francisco, Calif., and Austin, Texas, is an automotive pricing information and analysis company that creates a better buying experience for dealers and consumers. As an online publisher of unbiased new and used car transaction data, TrueCar.com provides price reports that empower dealers and consumers to agree on the parameters of a fair deal by supplying a transparent, simple understanding of what others recently paid for identically-equipped new cars in their geographic area. TrueCar also owns ALG, the benchmark for vehicle value information to the automotive industry and has been forecasting residual values for nearly 50 years in both the U.S. and Canadian markets.

TrueCar is a data-driven company that sources, compiles, and analyses car-buying information unlike anybody in the industry. This is why, since its founding in 2005, TrueCar dealer partners have sold over 600,000 vehicles across the country. Its national network of more than 5,200 Certified Dealers is committed to provide no-hassle pricing for some of the country's largest membership and service organizations, including American Express, AAA, USAA and Consumer Reports that collectively represent more than one million monthly in-market customers.

Disclaimer
This press release and the information contained herein is for noncommercial use on "as-is, as available" basis and may be used for informational purposes only. TrueCar makes no representations or warranties, express or implied, with respect to the information contained in this press release and the results of the use of such information, including without limitation, the implied warranty of merchantability, fitness for a particular purpose and non-infringement. The information contained in this press release may include technical inaccuracies or typographical errors. Neither TrueCar nor any of its parents, subsidiaries, affiliates or respective partners, officers, or directors, employees or agents shall be held liable for any damages, whether direct, incidental, indirect, special or consequential, including without limitation lost revenues or lost profits, arising from or in connection with your use or reliance on the information presented in this press release.

SOURCE TrueCar, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.