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The Obama Administrations new fuel economy standards will result in the retail price of average motor vehicles to increase over $11,000, according to a study conducted by the Center for Automotive Research.
A fuel economy standard of 37.6 mpg is associated with a price increase of $5,244, 18.1 percent higher than the 2009 National Automobile Dealers Association (NADA) average price of $28,966. A fuel economy standard of 40.8 mpg is associated with a price increase of $6,770, 23.4 percent higher than the 2009 NADA price, says their report called, The U.S. Automotive Market and Industry in 2025.
A fuel economy standard of 44.8 mpg is associated with a price increase of $8,214, 28.4 percent higher than the 2009 NADA price. The fourth fuel economy standard of 49.6 mpg is associated with an $11,290 increase in retail price. It is assumed that manufacturers and dealers will pass on the cost increase in fuel economy and safety technology to the consumer, at a retail price equivalent.
The Obama administrations new fuel economy standards would require automakers to produce cars and light trucks with an average fuel economy of 54.5 mpg by 2025. The Center for Automotive Research says their study is the result of 11 months of effort and investigation by researchers at CAR in 2010-2011.
Zoe Lipman, the National Wildlife Federations Senior Manager for Transportation and Global Warming Solutions argued on a conference call held Thursday that the estimated fuel savings due to these standards will outweigh the modest motor vehicle price increases for consumers.
Yeah right.
Yeah right.
Is that your professional opinion? Cars will be more expensive and less safe thanks to Obama and his liberal freinds.
I do believe it will drive the final cost up but I think 11k is a bit of a stretch. That's a huge jump that would kill sales.
by the time the standards take effect inflation will make them cost that much more anyway.
Airbags were going to ruin the car industry, seat belts and every mileage increase requirement ever was going to do the same thing.
The auto industry is definately conservative they sure whine a lot.
How much gas will you save over the life of the vehicle?
How much gas will you save over the life of the vehicle?
Who the hell knows, it should be up to the consumer which vehicle to buy, not your boy Obama..."Obama wants whats best for us" you people are a joke.
How much gas will you save over the life of the vehicle?
Who the hell knows, it should be up to the consumer which vehicle to buy, not your boy Obama..."Obama wants whats best for us" you people are a joke.
I didn't mention Obama, twit. You're ranting about how this is going to hurt the middle class. The question is, will it really?
Who the hell knows, it should be up to the consumer which vehicle to buy, not your boy Obama..."Obama wants whats best for us" you people are a joke.
I didn't mention Obama, twit. You're ranting about how this is going to hurt the middle class. The question is, will it really?
These are Obama's standards idiot, anyway if people can't afford to by the damn cars it isn't gonna make any differance is it? i think we'll save more money by dropping the price of gas by a dollar you think?
I didn't mention Obama, twit. You're ranting about how this is going to hurt the middle class. The question is, will it really?
These are Obama's standards idiot, anyway if people can't afford to by the damn cars it isn't gonna make any differance is it? i think we'll save more money by dropping the price of gas by a dollar you think?
1. Not necessarily
2. The passing of more stringent mileage requirements will serve to drop the price of gas, so in addition of having to buy less gallons you'll actually pay less for each gallon.
