Despite plunging fuel prices that helped drive a sharp increase in sales of pickup trucks and utility vehicles last year, the fuel economy of the typical new vehicle sold in the U.S. hit an all-time record in 2013.
The average window sticker of new vehicles sold in the U.S. in December was 24.8 mpg – down 0.2 mpg from the revised value in November, but up 4.7 mpg from the value in October 2007, the first month of monitoring by the University of Michigan Transportation Institute.
The average fuel economy of all vehicles sold during the 2013 calendar year was 24.8 miles per gallon, which was up 1 mile per gallon from the average fuel economy posted for 2012 and 3.9 mpg from 2008, according to the U-M survey. For the 2013 model year, which ended October 1, U-M reports the fuel economy rating for all vehicles is 24.7 mpg, which is the highest level ever. (more…)