SANTA MONICA, Calif., March 12, 2012 – TrueCar.com today provided actual fuel economy numbers from February light vehicle auto sales that indicate TrueMPG™ increased to 23.2 mpg in February 2012 compared to 21.4 mpg in February 2011, and increased from January 2012 at 22.9 mpg.
“The American consumer shopping for a new car is seeing the most fuel-efficient lineup of vehicles ever while manufacturers are keeping the product just as exciting,” said Jesse Toprak, Vice President of Market Intelligence at TrueCar.com. “Ford’s average fuel economy increased by almost 5 MPG, which is quite staggering and much of the credit goes to the Fusion and Focus, along with its new lineup of six-cylinder large trucks.”
Below is how the top seven manufacturers fared comparing overall mpg, broken out by car and truck mpg:
According to TrueCar.com, the TrueMPG™ for vehicles sold by U.S. manufacturers averaged 21.2 mpg in February 2012, up from 19.0 mpg in February 2011. European manufacturers increased their average fuel economy for vehicles sold from 22.0 mpg to 23.0 mpg; Japanese manufacturers increased their average fuel economy from 23.8 mpg to 24.9 mpg; and South Korean manufacturers increased their average fuel economy for vehicles from 26.0 mpg to 28.0 mpg.
Below is a snapshot of a few vehicle segments and how they compare from February 2012 versus February 2011:
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 based on estimated and/or actual monthly automotive sales-weighted data. TrueCar.com is seeking 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 using EPA’s window sticker.
TrueMPG™ computes monthly average fuel economy by brand, manufacturer, origin and vehicle segments by using actual sales data or forecasted 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 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 February’s TrueCar.com TrueTrends report.