Welcome!

API Journal Authors: Scott Allen, Elizabeth White, Kevin Benedict, Anders Wallgren, Amit Golander

News Feed Item

Average Fuel Economy for New Cars Sold Increased by Nearly One MPG in 2012 According to TrueCar's TrueMPG

TrueMPG increased 0.8 MPG in 2012; Reduction in Fuel Consumption of 348 Million Gallons or $1.2 Billion in Fuel Annually; December TrueMPG Increased 0.4 MPG From Last Year

SANTA MONICA, Calif., Jan. 9, 2013 /PRNewswire/ -- TrueCar, the authority on new car pricing information, trends and forecasting, today provided actual economy numbers from new car sales indicating TrueMPG increased to 23.1 mpg in 2012 compared to 22.3 mpg in 2011.  In December 2012, light vehicle auto sales show TrueMPG increased to 23.0 mpg from 22.6 mpg in December 2011, and decreased from November 2012 at 23.2 mpg.

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

"Consumers' never ending appetite for more fuel efficient vehicles continued to propel manufacturers to further improve their MPG figures in 2012 with a wider selection of smaller vehicles and less fuel-thirsty powertrains," said Jesse Toprak, Senior Analyst for TrueCar. "An increase of 0.8 miles per gallon in fuel economy translates into a reduction in fuel consumption of 348 million gallons or a savings of about $1.2 billion in fuel annually in the US."

Below is how the top eight manufacturers fared in 2012 versus 2011 with comparing overall mpg, broken out by car and truck mpg:


Average MPG

Average Car MPG

Average Truck MPG

Manufacturer

2012

2011

Change

2012

2011

Change

2012

2011

Change

Chrysler

19.9

19.3

0.6

23.2

22.5

0.7

18.3

18.0

0.3

Ford

22.2

21.5

0.7

27.1

26.0

1.2

19.7

19.3

0.4

GM

21.3

20.8

0.5

25.4

24.5

0.9

18.9

18.8

0.2

Honda

25.3

24.2

1.1

28.6

27.7

0.9

22.4

21.0

1.4

Hyundai/Kia

27.1

26.3

0.7

28.7

28.2

0.5

23.2

23.1

0.1

Nissan

23.7

23.3

0.4

27.0

26.2

0.8

20.0

19.9

0.2

Toyota

24.7

23.6

1.1

30.3

28.3

2.0

19.4

19.3

0.1

Volkswagen

26.5

26.1

0.4

27.6

27.6

0.1

21.9

21.3

0.6

Industry

23.1

22.3

0.8

27.1

25.9

1.2

19.7

19.4

0.3

Below is how the top eight manufacturers fared in December 2012 versus December 2011 comparing overall mpg, broken out by car and truck mpg:


Average MPG

Average Car MPG

Average Truck MPG

Manufacturer

Dec-12

Dec-11

Change

Dec-12

Dec-11

 Change

Dec-12

Dec-11

Change

Chrysler

20.0

19.7

0.3

23.6

23.1

0.5

18.3

18.2

0.1

Ford

22.4

21.8

0.7

29.1

27.6

1.5

19.6

19.5

0.1

GM

20.7

20.5

0.2

25.6

25.4

0.3

18.6

18.6

0.0

Honda

25.8

25.1

0.7

29.7

29.2

0.5

22.3

21.8

0.4

Hyundai/Kia

26.9

26.8

0.1

28.6

28.6

0.0

23.0

23.2

-0.1

Nissan

24.1

23.5

0.5

28.6

27.3

1.2

20.1

19.8

0.3

Toyota

24.2

24.1

0.1

29.9

29.8

0.2

19.3

19.3

0.0

Volkswagen

26.1

26.0

0.1

27.2

27.1

0.1

22.1

21.8

0.2

Industry

23.0

22.6

0.4

27.5

27.0

0.5

19.6

19.5

0.2

According to TrueCar.com, the TrueMPG for vehicles sold by U.S. manufacturers averaged 21.2 mpg in 2012, up from 20.7 mpg in 2011. European manufacturers increased their average fuel economy for vehicles sold from 22.1 mpg to 23.3 mpg; Japanese manufacturers increased their average fuel economy from last year at 23.7 mpg to 24.8 mpg; and South Korean manufacturers increased their average fuel economy for vehicles from 26.3 mpg to 27.1 mpg. 

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


Average Small Car TrueMPG

Average Midsize Car TrueMPG

Average Large Truck TrueMPG

Manufacturer

2012

2011

Change

2012

2011

Change

2012

2011

Change

Chrysler

29.2

24.9

4.3

24.0

24.1

-2.7

15.8

15.6

0.2

Ford

32.6

31.1

1.5

27.3

26.6

1.8

17.4

17.2

0.2

GM

30.3

29.3

1.0

26.1

25.4

0.7

17.1

17.0

0.0

Honda

32.0

31.2

0.8

26.6

25.6

1.0

17.2

16.9

0.3

Hyundai

30.6

30.3

0.4

27.8

27.3

0.5

 N/A

 N/A

 N/A

Mazda

30.2

26.4

3.7

24.8

24.7

0.1

 N/A

 N/A

 N/A

Mitsubishi

25.2

25.9

-0.7

24.3

24.3

0.0

 N/A

 N/A

 N/A

Nissan

31.2

30.5

0.7

26.3

25.1

1.2

14.3

14.3

0.0

Subaru

27.7

22.2

5.5

24.9

24.2

0.6

 N/A

N/A

 N/A

Suzuki

 N/A

 N/A

 N/A

25.1

25.2

-0.1

 N/A

N/A

 N/A

Toyota

34.8

33.3

1.5

28.4

25.6

2.8

15.5

15.7

-0.2

Volkswagen

30.7

30.9

-0.2

28.9

26.5

2.4

 N/A

N/A

 N/A

Industry

31.7

30.3

1.4

26.7

25.6

1.1

16.8

16.7

0.1

Below is a snapshot of a few vehicle segments and how they compare from December 2012 with December 2011


Average Small Car TrueMPG

Average Midsize Car TrueMPG

Average Large Truck TrueMPG

Manufacturer

Dec-12

Dec-11

Change

Dec-12

Dec-11

Change

Dec-12

Dec-11

Change

Chrysler

31.3

29.9

1.4

24.0

24.0

0.0

15.8

15.8

0.0

Ford

33.6

33.1

0.5

30.9

28.5

2.5

17.4

17.4

0.0

GM

30.0

30.5

-0.5

26.1

25.8

0.3

17.0

17.0

0.0

Honda

32.0

32.2

-0.2

28.5

27.4

1.1

17.2

17.1

0.1

Hyundai

31.0

30.8

0.3

27.7

27.7

0.0

 N/A

 N/A

 N/A

Mazda

30.9

29.6

1.3

24.3

24.7

-0.4

 N/A

 N/A

 N/A

Mitsubishi

24.7

25.0

-0.3

24.3

24.3

0.0

 N/A

 N/A

 N/A

Nissan

32.6

32.0

0.6

28.5

26.7

1.9

14.3

14.3

0.0

Subaru

27.2

26.5

0.7

25.6

24.8

0.8

 N/A

 N/A

 N/A

Suzuki

 N/A

 N/A

N/A

25.1

25.1

0.0

 N/A

 N/A

 N/A

Toyota

35.0

34.8

0.2

28.2

28.0

0.2

15.5

15.6

0.0

Volkswagen

29.5

29.8

-0.3

29.0

28.5

0.5

 N/A

 N/A

 N/A

Industry

31.8

31.6

0.2

27.7

26.9

0.8

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 each manufacturer's average miles per gallon per car sold, computing it monthly and annually, 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 January'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 similarly-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 analyzes 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.

You can follow TrueCar on Twitter (@TrueCar) and become a fan of TrueCar on Facebook and Google+.

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.

@ThingsExpo Stories
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at 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. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at 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. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
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.
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at 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. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...