SANTA MONICA, Calif., March 10, 2011 /PRNewswire/ -- TrueCar.com, the authority on new car pricing, trends and forecasting has compiled a list of the top ten most fuel-efficient cars currently being sold, based on fuel economy and cost of gas, per 15,000 miles driven annually. Of the top ten, nine vehicles were hybrids, with the 2011 Toyota Prius being the most fuel-efficient vehicle and the 2011 Hyundai Elantra making the list as the only non-hybrid. Pure electric vehicles were excluded from the list because there is no cost associated with filling up a tank.
When looking at the vehicles, based on annual fuel costs and price, the 2011 Toyota Prius (base) average price paid is $22,235 and costs $1,064 annually based on the current price of $3.52 per gallon of unleaded fuel and 15,000 miles driven annually. The 2011 Hyundai Elantra (base) is 32 percent cheaper than the 2011 Toyota Prius (base) at $15,052, based on average price paid, yet costs only $531 more to fill up annually.
"When purchasing a fuel-efficient vehicle, consumers should consider two factors – price and annual cost of fuel," said Jesse Toprak, Vice President of Industry Trends and Insights at TrueCar.com. "If you're looking for the most fuel-efficient car, the Toyota Prius wins. If you're looking for the most cost-effective and fuel-efficient car, the Hyundai Elantra is the clear winner."
TrueCar.com's top ten most fuel-efficient cars are:
# US Gallons*
Cost Per Year at $3.52**
Cost Per Year at $5.00**
2011 Toyota Prius
2011 Lexus CT 200h
2011 Honda Insight
2011 Honda Civic Hybrid
2011 Lincoln MKZ Hybrid
2011 Chevrolet Volt
2011 Lexus HS 250h
2011 Honda CR-Z
2011 Hyundai Elantra
2011 Toyota Camry Hybrid
*Number of gallons used per 15,000 miles driven
** Cost of fuel per 15,000 miles driven
About TrueCar, Inc.
TrueCar, Inc. is an automotive solutions provider focused on changing how cars are sold by providing a significantly better customer experience while helping qualified dealer partners to gain incremental market share and reduce costs. TrueCar.com is a transparent, visual publisher of new car transaction data. TrueCar.com price reports help both dealers and consumers to agree on the parameters of a fair deal by providing an accurate, comprehensive and simple understanding of what others actually paid for the identically equipped new car over the last 30 days both locally and nationally. TrueCar, Inc. works with a national network of nearly 5,000 Certified Dealers that provide up-front, no-haggle, competitive pricing to assist some of the nation's largest and most well respected membership and service organizations to meet the auto buying needs of their members and customers. These partnerships include American Express, AAA, USAA and more than 60 others. Collectively these audiences represent over 1M in-market customers each month. TrueCar, Inc. is headquartered in Santa Monica, CA and has offices in San Francisco. The company was founded in 2005 and has been profitable since 2009. With nearly 200 percent year-over-year growth TrueCar has driven over 200,000 sales and is developing a suite of transaction oriented products and services centered on transparency and radical clarity as a result of comprehensively analyzing market data and information.
About TrueCar Data
TrueCar obtains data directly from numerous sources including automotive dealers, technology companies, data aggregators, and analytics companies within the automotive space. We also acquire vehicle configuration data, customer and dealer incentives data, financing and loan data, vehicle registration and insurance data, and much, much more. TrueCar is insatiable about data with our goal to find 100% of all purchase transactions, even if that means finding the same transaction multiple times from multiple sources within the car-buying ecosystem. Our data is among the most timely and comprehensive in the industry, as we are able to process most car sales within a week of the actual sales date, and have a substantial fraction on the site within 48 hours of the actual sale. TrueCar believes the greater our informational accuracy, the greater benefit we provide to both dealers and consumers.
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.
Available Topic Expert(s): For information on the listed expert(s), click appropriate link.