Average Fuel Economy for New Cars Sold In April 2012 Falls To 23.3 MPG After Four Straight Months of Gains According to TrueCar.com's TrueMPG Industry Average Fuel Economy Up Nearly 14 Percent or 2.7 MPG From April 2008

SANTA MONICA, Calif., May 4, 2012 /PRNewswire/ -- TrueCar.com, the authority on new car pricing, trends and forecasting, today provided actual fuel economy numbers from April light vehicle auto sales that indicate TrueMPG increased to 23.3 mpg in April 2012 compared to 22.2 mpg in April 2011, and decreased from March 2012 at 23.4 mpg. Just four years ago, in April 2008, TrueMPG was 20.6 mpg.

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"In April, we saw a slight increase in sales of trucks and SUVs, which factored into the decrease in the actual fuel economy of cars sold," said Jesse Toprak, Vice President of Market Intelligence at TrueCar.com.

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


Average TrueMPG

Average Car TrueMPG

Average Truck TrueMPG

Manufacturer

Apr-12

Apr-11

Change

Apr-12

Apr-11

Change

Apr-12

Apr-11

Change

Chrysler

20.0

18.4

1.6

Chrysler

22.8

21.6

Chrysler

17.6

17.7

Ford

22.1

21.1

1.0

Ford

26.3

25.4

Ford

18.8

16.6

GM

21.5

21.2

0.3

GM

25.1

24.4

GM

19.1

18.8

Honda

25.2

24.2

1.0

Honda

27.9

27.4

Honda

22.4

20.7

Hyundai

27.6

26.0

1.6

Hyundai

29.3

27.0

Hyundai

22.8

22.5

Nissan

23.4

22.6

0.8

Nissan

26.5

24.9

Nissan

19.2

18.5

Toyota

25.5

23.7

1.8

Toyota

31.0

28.6

Toyota

19.5

19.5

Volkswagen

26.8

25.2

1.6

Volkswagen

27.6

26.7

Volkswagen

21.8

20.5

Industry

23.3

22.2

1.1

Industry

27.0

25.5

Industry

19.3

18.4

According to TrueCar.com, the TrueMPG for vehicles sold by U.S. manufacturers averaged 21.2 MPG in April 2012, up from 20.5 MPG in April 2011. European manufacturers increased their average fuel economy for vehicles sold from 21.9 MPG to 23.4 MPG; Japanese manufacturers increased their average fuel economy from last year at 23.6 MPG to 25.0 MPG; and South Korean manufacturers increased their average fuel economy for vehicles from 26.0 MPG to 27.6 MPG.

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


Average Small Car TrueMPG

Average Midsize Car TrueMPG

Average Large Truck TrueMPG

Manufacturer

Apr-12

Apr-11

Change

Apr-12

Apr-11

Change

Apr-12

Apr-11

Change

Chrysler

25.0

24.3

0.7

24.0

23.9

0.1

15.8

16.2

-0.4

Ford

32.2

28.6

3.6

26.8

25.5

1.3

17.4

16.2

1.2

GM

30.3

27.8

2.5

25.8

25.5

0.3

17.1

17.7

-0.6

Honda

32.2

30.2

2.0

26.0

25.9

0.1

17.2

16.9

0.3

Hyundai/Kia

30.4

29.1

1.3

27.7

26.3

1.4

 N/A

 N/A

 N/A

Mazda

29.7

26.0

3.7

24.7

23.8

0.9

 N/A

 N/A

 N/A

Mitsubishi

25.3

26.1

-0.8

24.3

24.3

0.0

 N/A

 N/A

 N/A

Nissan

30.7

28.8

1.9

25.1

23.5

1.6

14.3

14.2

0.1

Subaru

28.3

22.2

6.1

24.3

24.1

0.2

 N/A

 N/A

 N/A

Suzuki

 N/A

 N/A

N/A

25.1

24.9

0.2

 N/A

 N/A

 N/A

Toyota

35.7

33.2

2.5

28.7

24.4

4.3

15.4

15.6

-0.2

Volkswagen

31.3

29.2

2.1

29.3

24.6

4.7

 N/A

 N/A

 N/A

Industry

31.9

29.2

2.7

26.4

25.1

1.3

16.8

16.4

0.4

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 April'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. is an online automotive information and communications platform focused on creating a better car buying experience for dealers and consumers.  Consumers want a hassle-free car buying experience and dealers want high-quality sales velocity.  TrueCar helps achieve these goals by providing unbiased market information on new car transactions and by supplying an online communications platform through which dealers and consumers can communicate with each other.  TrueCar's market-based information provides both consumers and dealers with an accurate and comprehensive understanding of what others actually paid recently for similar vehicles, both locally and nationally.  TrueCar's communications platform then allows informed, ready-to-buy consumers to communicate directly with participating dealers.  Some of the nation's largest and most well respected membership and service organizations rely on websites powered by TrueCar to help educate their members and customers who are in the automotive market.  TrueCar is headquartered in Santa Monica, CA, and has offices in San Francisco, CA, and Austin, TX.  After experiencing dramatic growth since 2006, TrueCar is developing a suite of products and services centered on radical clarity through the comprehensive analysis of market data and information.  TrueCar's participating dealer partners have sold over 500,000 new vehicles to TrueCar users nationwide.

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 but not limited to 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.com



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