Car Finance / The EPA Unveils New Fuel Economy Labels
More Information, Plus Smartphone FeaturesThe new federal fuel economy labels unveiled recently by the Department of Transportation (DOT) and Environmental Protection Agency (EPA) are the product of a lengthy and often contentious debate about the best way to provide consumers with valuable information related to air emissions and fuel efficiency.
Rather remarkably, they are being praised by virtually all of the parties who have a stake in the presentation.
The new labels will be affixed to conventional gas- and diesel-powered vehicles, as well as vehicles powered by alternative means such as plug-in hybrids, battery-electric vehicles and fuel-cell EVs. The labels present the most dramatic overhaul to fuel economy labels since the federal government began requiring them more than three decades ago. Beginning with the 2013 model year, these labels will provide:
New ways to compare energy use and cost between conventional gas- and diesel-powered vehicles and those powered by alternative means such as electricity.
Useful estimates of the amount consumers will save or spend on fuel over the five years after purchase, compared to the average conventionally powered new vehicle.
Easy-to-read ratings on a 1-10 scale (10 being best) of the way a particular model compares to all others for fuel economy, air emissions related to the formation of smog, and air emissions related to climate change.
An estimate of how much fuel or electricity it takes to drive 100 miles.
Information about the driving range and charging time of an electric vehicle.
A code that will enable users of smartphones to access online information about the way various models compare according to not only fuel economy but also other environmental and energy factors. This tool also will allow consumers to enter information about their typical commutes and driving behavior in order to get a more precise estimate of individual fuel costs and savings.
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Inexpensive portable navigation systems and even cheaper smartphone nav applications are making the pricey in-dash systems offered by automakers less attractive to many consumers. But some people prefer in-dash systems because of their larger screens and because they offer more features. Plus, you never have to worry about forgetting an in-dash system at home. Finally, prices for in-dash systems are starting to drop.
Bluetooth is a wireless technology that allows two compatible devices to communicate. In the car, it lets you operate a mobile phone "hands-free," meaning you don't have to hold the device while making or taking a call or performing such functions as accessing the phone's address book. (Of course, you have to use your hands to operate certain Bluetooth features via the vehicle's controls.)
Automotive sound systems are more complex now that portable media players, hard-disk drives and smartphones are along for the ride. But the basic radio/speaker setup hasn't drastically changed, even though more speakers and more amplifier power have been added over the years.
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Sales of Ford vehicles increased 13.3 percent in June compared to the same month last year, and the gain was largely spurred by a strong showing by the carmaker’s Super Duty pickup trucks.
Responsible consumers tend to have all their affairs in order – a steady income, plenty of savings and perhaps even an investment or two on the side. While these things are all positive, they ultimately won't get you approved for an auto loan – for that, you need credit.
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There are certain people who seem to have X-ray vision, who can look at a business and see things that are invisible to other people. I bring this up because I have a friend who spotted something about used cars that I have never heard addressed by anyone else.
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