New fuel economy rules might boost car prices by at least $5,000

Article by Christian Andrei, on January 17, 2012

It appears that the proposed fuel economy rules for model year 2017-2025 passenger cars and light-duty trucks are not seen very well by the car dealers. Why? Well, it is quite simple: the cumulative cost of all of fuel economy rules will raise the average price of a vehicle by $3,200 and the consumers will pay almost $5,000 more for a new vehicle. If the cars are too expensive, customers will not buy them and as a result, the automotive industry will go down and this could have real economic consequences.

“To work, fuel economy rules must require improvements that are affordable,” said New Mexico Ford dealer Don Chalmers, and chairman of NADA’s Government Relations Committee, at a joint Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) hearing in Detroit, Mich. “According to EPA and NHTSA, the cumulative cost of all of their fuel economy rules will raise the average price of a vehicle by $3,200. This is not pro-consumer.”

Chalmers also added that the rush to set new standards three years early will forgo the opportunity to learn how consumers react to the aggressive new numbers. EPA and NHTSA are holding two more public hearings in Philadelphia (Jan. 19) and San Francisco (Jan. 24).

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Nissan has announced the pricing for its new commercial pickup line. So for those who have been waiting for Nissan’s official price list (plus a little more info), read on… ...
by - December 5, 2016
Sorry folks, the AMG-fied Mercedes-Benz X-Class will remain in the fantasy world. According to some news, the AMG big boss has finally spoken up about why an AMG X-Class is...
by - December 5, 2016
In Japan, Toyota stays in the limelight by always cooking up something new for its famous 86 sports car. A colour orange Toyota 86 performance edition is one that’s hard...
by - December 4, 2016
Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries