31 Dec '16, 3pm

Auto Industry Fuel Economy Lies Exposed

Auto Industry Fuel Economy Lies Exposed

The pair ends their analysis with this observation. “Are today’s new cars and trucks less affordable for households at, near, and below the median income? Absolutely. But that reflects changes in the U.S. income distribution and the profit maximization strategies of the automakers, which have chosen to restrict production capacity and drive the market toward higher margin, higher trim level models. That strategy has resulted in record industry profits and in substantial job growth at both automakers and suppliers. Fuel economy standards are not free, but they are hardly a primary driver of why new vehicle prices have outpaced median income.” In other words, Mitch Bainwol, stop lying to the people and shut up!

Full article: http://gas2.org/2016/12/31/auto-industry-fuel-economy-lie...

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