Vehicle fuel economy up in October
ANN ARBOR—Gas mileage of new vehicles sold in the U.S. rose 0.2 mpg last month, say researchers at the University of Michigan Transportation Research Institute.
Average fuel economy (window-sticker values) of cars, light trucks, vans and SUVs purchased in October was 24.8 mpg, according to UMTRI researchers Michael Sivak and Brandon Schoettle. Gas mileage is up 4.7 mpg overall since October 2007, the first month of monitoring.
"The most recent improvement likely reflects the net effect of two opposing trends: the improved fuel economy of model year 2014 vehicles and the decreased demand for fuel-efficient vehicles because of the recent reduction in the price of gasoline," Sivak said. ...
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