Consumer Study Shows Buyers Are Embracing Fuel Sipping Vehicles
May 8, 2013 11:09 AM
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The majority of vehicle shopper support increased fuel efficiency standards
The Consumer Federation of America recently released a report that it calls the first progress report on the
54.5 mpg fuel efficiency standard
. According to the CFA, consumers are demanding more fuel-efficient vehicles. According to the poll, the majority of Americans support federal government requirements increasing fuel economy for new cars.
“Looking at current market offerings, consumer purchasing trends and our surveys of consumer demand, there is no doubt that the federal effort to significantly raise fuel economy is benefiting, consumers, car companies, autoworkers and the environment”, said Jack Gillis, report co-author who is CFA’s Director of Public Affairs and author of The Car Book.
Those federal regulations stipulate that new cars achieve 35 mpg fleetwide average by 2017 and an average of 55 mpg by 2025. 85% of respondents to the survey said that they support these requirements with 54% saying they strongly support the standards.
Fuel efficiency is highly sought after when it comes to purchasing new vehicles with 88% respondents to the survey saying that in their next vehicle purchase, fuel economy will be an important factor and 59% say fuel economy will be a very important factor influencing the purchase.
Survey respondents who say fuel economy is very important to them expect their next vehicle to get 12 mpg more than the current vehicle. Consumers who already have a relatively efficient vehicle getting at least 24 mpg the intended purchase a new vehicle in the future want at least a seven mpg increase putting their desires at approximately 31 mpg.
The survey also found that 50% of respondents who said they intend to purchase an SUV want fuel efficiency of at least 25 mpg.
“These results should lay to rest any concerns that some car dealers had about consumer demand for more fuel efficient vehicles,” said Gillis. In spite of the support of car companies, unions, consumer and environmental groups, the National Automobile Dealers Association was the only major entity opposed to the new requirements.
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5/8/2013 12:25:23 PM
If you've ever shopped for a used car that gets really good mileage, you've found that they cost so much more than cars that get average gas mileage that the fuel savings never pays off.
I drive an Avalon that averages about 21 MPG. It costs me $50 more a month in gas than a Corolla, but the Corolla isn't half the car the Avalon is, and the payment would have been $100 higher. All things considered, a fuel efficient car isn't always your best buy, especially if you don't drive much. Do the math before you buy. And would you rather be hit by another car while in an Avalon, or a Corolla?
RE: Used Cars
5/8/2013 1:40:49 PM
To each their own.
When I was car-shopping two years ago, I could've bought a 2008 Camry with XLE trim and under 50K KMs for around $18K. I instead bought a 2008 Camry Hybrid for $19.5K with the similar trim features.
For typical driving at US fuel prices, the average savings are $600/year. At Canadian fuel prices it's closer to $800/year. With the amount of driving we do, it's closer to $1200/year.
RE: Used Cars
5/8/2013 3:08:19 PM
You're incorrectly comparing size with cost. The Corolla costs just as much to develop as the Avalon. So your assertion that cars that get better fuel economy cost significantly more isn't true, especially due to the fact that the Avalon has more fuel sipping technologies while the Corolla has few (corolla has a 4spd and single VVTI while the Avalon has a 6spd, dual vvti).... It's this logic is why so many people buy SUVs because they feel they're getting a better value since they get a bigger vehicle with not double the cost.
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