Americans buy bigger cars in May 2011, despite $4 gasoline

Article by Christian A., on June 3, 2011

U.S. sales of smaller, more fuel-efficient cars had a slower rate of growth in May, according to data compiled for Reuters. The figures indicate that the purchase of vehicles with higher gas mileage is certainly not as frenzied as three years ago.

The rush to buy these cars is starting to weaken despite the fact that gasoline prices are on the rise and are nearing their 2008 peaks. Automakers are currently creating and promoting an expanded lineup of fuel-economic cars, including plug-in Volts and 6-cylinder F-150s.

Research website TrueCar.com said that for the month of May, the average fuel economy of new U.S. light vehicles dropped for the second straight month to its lowest since January even if gasoline prices only started to subside in recent weeks.

It’s apparent that starting January, average mileage has increased by only 1.4% to 21.9 miles per gallon. But over the same period in 2008, it increased by 6% to 21.2 mpg. The official May mileage figures are expected to be released any day now.

It is believed that the slower pace is partly due to the considerable increase in overall efficiency in the intervening three years -- a trend that has helped control gasoline use in the world's biggest oil consumer. Since the beginning of 2008, the average efficiency is up by 2 mpg.

Another factor for the slowed growth is the Japan disaster last March. The inventories of dealers had shrunk because the effects of the Japan earthquake had kept about 40,000 new, smaller cars off the market, according to Edmunds.com.

If you liked the article, share on:

Topics: sales

Comments

Recommended

Lamborghini had been expected to refresh its entry-level model – the Lamborghini Huracan – in late 2018 or early 2019. But here is some good news for fans of the...
by - November 20, 2017
The Chevrolet Corvette will be turning 65 years old in 2018, and as part of the celebrations, the brand is introducing a special edition C7 – the Chevrolet Corvette Carbon...
by - November 19, 2017
Tesla revealed that with its new Semi, truck drivers can expect better experience especially with heightened safety and the lower cost of transporting cargo. Indeed, the cabin of the new...
by - November 19, 2017
November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
More details have emerged about the new sixth generation of the BMW M3 just as the German premium practically announced the end of the current-gen 3 Series with the unveiling...
by - November 17, 2017
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