Currently, seventy-five percent of car buyers in the market choose to purchase used vehicles. Because it is hard to find, very few have any idea of the fuel economy of the vehicles they are considering.
“Consumers who are in the dark about a vehicle’s fuel economy are buying blind. They don’t know how much they’ll have to spend on gas until they’ve already made a significant purchase and a potentially costly mistake,” says Jack Gillis, Director of Public Affairs for the Consumer Federation of America.
What Your Used-Car Dealership Should Know:
- Car dealers across the U.S. are being given the opportunity to offer 40 million used car buyers critical, easy to understand fuel efficiency information about the cars for sale on their lots.
- Dealers will now be provided with a totally free online tool from the U.S. Department of Energy (DOE) and the Environmental Protection Agency (EPA) allowing them to easily create consumer-friendly labels.
- These labels will list the gas mileage and the CO2 emissions levels of used vehicles sold in the United States since 1984.
Significant Highlights for Used-Car Dealerships to Act On:
- The new labeling tool is currently being offered to dealers as an optional resource, but that could change if dealers fail to adopt this easy-to-use consumer information program.
- As a powerful tool for car buyers, the new labels will also motivate carmakers to move quickly to meet recent federal standards to increase the average fuel economy of new vehicles sold in the U.S.
- Why? Dealers know that consumers these days are scrambling to buy higher mileage cars and they want the used models of their vehicles to maintain their value.
- If dealers jump on the chance to inform buyers, American families will reward them with their dollars for the most fuel efficient used cars.
- Providing gas mileage information to consumers will be a giant step forward in protecting American pocketbooks, addressing the nation’s dependence on oil, and reducing pollution.
What Your Dealership Will Do for Each Used Car on Your Lot:
Go to the EPA government website by clicking here, and fill out the required information for each vehicle, and you will be able to print a fuel economy graphic and a paper label to be used in the transaction.
The Consumer Federation of America is an association of more than 250 non-profit consumer groups that, since 1968, has sought to advance the consumer interest through research, education, and advocacy. Get more information on the new labels tool here.