FOR IMMEDIATE RELEASE
VIDEO: Sales, Profit, Consumer Cost Impacts of New 54.5 MPG Standards
Meeting higher MPG standard likely to bring higher profits for all automakers, nearly $2.5 billion in extra profits for Detroit Three in 2020
A new video explains the profits, sales and consumer cost impacts of the proposed 54.5-MPG federal fuel economy standards, which are set to be finalized this summer. Under the proposed standards, the average new vehicle in 2025 will achieve roughly twice the fuel economy than the average vehicle on sale today.
In the new video, top automotive experts explain:
- Why the automotive industry will likely earn an extra $4.76 billion in 2020 under the standards and see a four percent uptick in sales
- Why American automakers will likely enjoy the biggest percentage increase in profits (six percent), pulling in an extra $2.44 billion dollars in 2020 under the standards
- How the standards will impact consumers
- What technologies will be used to meet the standards
These findings are contained in a new report, “Fuel Economy Focus: Perspectives on 2020 Industry Implications” - produced by Citi Investment Research in partnership with Ceres.
The video, which is available for embedding on websites and blogs, features:
- Walter McManus, research professor in the School of Business Administration at Oakland University, co-author of the Citi Investment Research report, “Fuel Economy Focus: Perspectives on 2020 Industry Implications”
- Alan Baum, principal for Baum and Associates, co-author of the Citi Investment Research report
- Dan Meszler, principal researcher for Meszler Engineering Services, co-author of the Citi Investment Research report
- Carol Lee Rawn, Ceres Transportation Program director, co-author of the Citi Investment Research report
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