Corporate Average Fuel Economy (CAFE) standards for cars and light trucks, first adopted in 1975 in the wake of the OPEC oil embargo, resulted in a doubling of average new vehicle fuel economy a decade later. (aceee.org)
Experian said the average new vehicle loan is now $ 506, up $ 13 compared to the same time a year ago. (nbr.com)
Next Steps The Obama administration recently announced fuel economy standards that require the average new vehicle to go from 32.9 miles per gallon today to 35.5 mpg by 2016 and 54.5 mpg by 2025. (discovermagazine.com)