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Fuel economy average rises in vehicles during 2011Posted On Thu, January 19, 2012
TrueCar.com released a report showing the overall fuel economy average for new cars sold improved in 2011, when compared to 2010 figures.
The TrueMPG rose to 22.2 miles-per-gallon, which was 0.5 mpg higher than the previous year's 21.7 mpg. In December, the TrueMPG rating rose to 22.2 mpg. This was up from the same month in 2010, which had a rating of 21.7 mpg, but down from 22.3 mpg in November.
"Automakers understand that fuel economy is an important value proposition for consumers," said Jesse Toprak, vice president of industry trends and Insights at TrueCar.com. "It may seem insignificant, but an increase of a half a mile per gallon in fuel economy translates to a reduction in fuel consumption of 214 million gallons or a savings of about $722 million in fuel annually in the U.S."
Consumers who are looking for cars with better fuel economy may notice the price being higher than they would have imagined. But this doesn't necessarily mean that consumers need to spend too much on their insurance coverage. Many Americans may be able to save money by comparing auto insurance quotes.
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