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Fuel efficiency of vehicles sold remains near record high, even with strong truck salesThursday, July 11, 2013

Category:Car Enthusiast Talk

TrueCar recently reported that the fuel economy of vehicles purchased in June remained near record-high levels.

According to the report, the average fuel economy of vehicles bought last month was 23.7 mpg, up 0.7 mpg from this time last year. Even with strong truck sales, automakers have been able to provide consumers with a number of fuel-efficient options that continue to keep the average fuel economy of new cars at low levels.

"Despite the relative drop in gas prices, consumers' preference for fuel-efficient vehicles only grew stronger in June," said Jesse Toprak, senior analyst for TrueCar. "Even though we observed unseasonably strong increase[s] in truck sales in the recent months, the higher efficiency of the new models resulted in another month of improvement in overall TrueMPG for the industry. "

The report indicated that Chrysler and Nissan saw industry-leading gains of 1.1 mpg in the average fuel economy of vehicles sold.

Strong sales in June
TrueCar also recently showed that the seasonally adjusted annualized selling rate in June was nearly 15.7 million units, up from 15.3 million unit pace last month and the14.4 million pace in June last year. 

"Despite the lackluster performance in financial markets in June, new vehicle sales reached their highest levels in six years – yet more proof that the recent surge in consumer demand is real and not going anywhere," said Toprak. "The better news for the automakers is that they are back to selling nearly 16 million units a year collectively while spending less on incentives, thanks to the best selection of vehicles ever in their showrooms; product is the king once again."

Truck sales reign supreme
Another report showed just how strong truck sales were in the first six months of this year. According to data from United Press International, so far this year, trucks have been three times faster when compared to the rest of the industry. 

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