WardsAuto Fuel Economy Index: 2015 State of the Industry
Industry Reaches Record-High Fuel Economy in 2015
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WardsAuto released the WardsAuto Fuel Economy Index: 2015 State of the Industry report, which examines average fuel economy of new light vehicles (LVs) sold in the U.S. as measured by the WardsAuto Fuel Economy Index (FEI), in comparison with prior periods back to Q4 2007, the Index Base Period (IBP).
The Index uses model-line LV sales, engine installation rates and EPA window-sticker fuel economy rankings to calculate relative average fuel economy across brands, segments and power types.
The report finds new light vehicles (LVs) sold in the U.S. had an average fuel-economy rating of 25.0 mpg (9.4 L/100 km) in 2014, a 2.2% gain over the prior year.
The improvement was due to the increasing availability of more efficient vehicles as automakers work to reach CAFE standards. A sharp drop in the average price for gasoline moved some consumers to larger, less-efficient vehicle types, thus slowing the rate of progress.
WardsAuto has been a trusted source of automotive information for over 80 years. WardsAuto provides global automotive intelligence to OEMs, suppliers, government agencies and analysts through multiple products and services, including WardsAuto.com, and WardsAuto Premium Services and Forecasts.
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