Resolve to Save Money in 2011, CarMax Offers Fuel-Efficiency Tips

RICHMOND, Va.--()--As another new year gets underway, recent reports show the cost of gasoline is on the rise for 2011. To help stretch your dollar at the pump, CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has some helpful tips to get the most miles-per-gallon (MPG) from your ride.

“As gas prices creep up, it’s important to remember we can make a difference in the fuel economy our vehicles get, regardless of what type of car we drive,” said ASE Certified Master Technician Tom Damon. “By following a few simple techniques and getting regular maintenance, you can save gas, time and money.”

CarMax technicians recommend the following gas-sipping tips:

1. Drive Efficiently

  • Drive the speed limit: gas mileage decreases at higher speeds.
  • Don’t drive aggressively: speeding, quick acceleration and excessive braking, all waste gas. Driving aggressively lowers gas mileage both on the highway and when driving around town.
  • Use overdrive and cruise control: If your vehicle has a manual overdrive, make sure it is ON; overdrive reduces engine speed, which helps to save gas. Cruise control also saves gas by maintaining a consistent speed.
  • Avoid idling: idling for longer than 30 seconds uses more gas than starting up your engine.

2. Maintain your Vehicle

  • Get the manufacturer’s recommended maintenance done: keeping your car in shape improves gas mileage.
  • Make sure your tires are filled to the correct pressure: this can increase gas mileage by three percent. Always refer to the manufacturer’s specifications.
  • Whenever possible, use synthetic oil: look for “Energy Conserving” motor oil; it will reduce friction and increase fuel economy.
  • Check and replace dirty air filters: clogged filters can decrease gas mileage up to 10 percent.

3. Plan Ahead

  • Combine errands: this will save time, money and gas.
  • Remove excess weight: excess weight in the cab or trunk can reduce mileage. Every extra 100 pounds reduces fuel economy by approximately two percent.
  • Eliminate excess wind resistance: roof racks and carrier crates on the top of the car create drag. Removing these items can increase fuel economy by about five percent.
  • Use air conditioning when traveling at highway speeds: driving with the windows open uses more fuel due to the increased drag.
  • Fill up your car in the morning: early morning is the best time because the gasoline is cooler and denser. Since gas pumps measure volumes of gas and not densities, you get more fuel for your money.

About CarMax

CarMax, a FORTUNE 500 company, and one of the FORTUNE 2010 “100 Best Companies to Work For,” is the nation’s largest retailer of used cars. Headquartered in Richmond, Va., we currently operate 103 used car superstores in 49 markets. The CarMax consumer offer is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and customer-friendly service. During the fiscal year ended February 28, 2010, the company retailed 357,129 used vehicles and sold 197,382 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.

Contacts

CarMax, Inc.
Media Contacts
Britt Farrar, Manager, Public Relations, (804) 747-0422, ext. 3473, Twitter ID: @CarMax
Elia Imler, CarMax Public Relations, (804) 747-0422, ext. 4029, Twitter ID: @CarMax

Release Summary

CarMax Offers Fuel-Efficiency Tips

Contacts

CarMax, Inc.
Media Contacts
Britt Farrar, Manager, Public Relations, (804) 747-0422, ext. 3473, Twitter ID: @CarMax
Elia Imler, CarMax Public Relations, (804) 747-0422, ext. 4029, Twitter ID: @CarMax