Fuel Economy of All New Vehicles Sold Tops 24 mpg
The fuel economy of new vehicles sold in March topped 24 mpg for the first time ever according to the University of Michigan Transportation Research Institute (UMTRI) which tracks vehicle mileage. Average fuel economy (window-sticker values) of cars, light trucks, minivans and SUVs purchased in March was 24.1 mpg, up from 23.9 in February and 23.6 in January, and now 20 percent higher than when UMTRI began monitoring vehicle mileage back in October 2007.
The news comes as small cars sales have surged as gas prices have spiked. Compact and smaller models now account for nearly a quarter of the market, up from less than 18 percent as recently as last December.