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Fuel economy of new cars at record level

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By Jerry Hirsch
Wednesday, Nov. 7, 2012, 12:01 a.m.

Americans continue to look for fuel-efficient vehicles when they go car shopping.

The average fuel economy of new vehicles sold in October was 24.1 miles per gallon, the highest level yet. It was up 4 mpg, or 20 percent, from October 2007, according to the University of Michigan Transportation Research Institute.

The 24.1 mpg is up from 23 mpg in October a year ago and from 22.3 mpg in the same month in 2010.

Researchers at the institute said their numbers are adjusted to include the new ratings for the Hyundais and Kias that the Environmental Protection Agency found had inflated mileage ratings.

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