Cars Blog

Finance Blogs » Cars Blog » Car mpg remains at all-time high

Car mpg remains at all-time high

By Tara Baukus Mello ·
Saturday, March 16, 2013
Posted: 6 am ET

The average fuel economy for new cars sold last month remained at the all-time high of 24.5 mpg, according to researchers at the University of Michigan. This is the second consecutive month that it has remained at this level. This is a 4.4 mpg jump since October 2007, when the university first began its monitoring.

The university uses the data as part of its calculation for its Eco-Driving Index, which measures the monthly emissions of greenhouse gases generated by an individual driver and has found that because more people are buying more fuel-efficient cars, overall greenhouse gas pollution has dropped considerably. Using the Environmental Protection Agency's estimates for combined city/highway mpg listed on the window sticker for new cars, minivans, sport utility vehicles and pickup trucks, and data on the amount of driving by the average American, the university says that there has been a 20 percent improvement in greenhouse gas emissions by the average American driver since it first began monitoring in October 2007.

For consumers, this increase in fuel economy translates to a lower cost of car ownership, which includes factors such as gasoline costs, repairs and maintenance and car insurance costs.

Tara Baukus Mello writes the cars blog as well as the weekly Driving for Dollars column, providing both practical financial advice for consumers as well as insight into the latest developments in the automotive world. Follow her on Facebook here or on Twitter @SheDrives.

Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
November 24, 2013 at 2:36 pm

Hilarious since the original model T got 100MPG

Alvis Wilson
March 19, 2013 at 1:14 pm

In your suv comparsion you should have mentioned the Chevy Equinox is plenty roomy and gets 32 mpg & 21 mpg city...... Al