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Consumers need more knowledge of fuel economyPosted On Tue, January 24, 2012
A recent discussion between the National Automobile Dealers Association and both the Environmental Protection Agency and the National Highway Traffic Safety Administration showed that consumers may need more information on fuel economy and how it could benefit them.
The discussion was led by NADA director Bill Willis noting that consumers could save a significant amount of money by improving fuel economy requirements, according to the report. Many consumers do not think fuel economy is very important compared to other vehicle issues.
"When prospective purchasers come to my new vehicle showrooms, they rarely, if ever, engage in upfront fuel economy 'pay-back' analyses," Willis said at the hearing. "First and foremost, they are looking for vehicles that meet their needs and that they can afford."
While owning a new, more environmentally friendly vehicle can have its benefits, it may not be a bad idea to see if there are other ways to save money in the long run. One good way may be to compare auto insurance rates, as there could be a good option that is less expensive.
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