I've seen in a few places that the air dam is worth a fraction of a mile per gallon at highway speed, you'd never be able to notice the difference. It's one of many tiny design elements that made a bigger difference when all added together.
Your used 2016 Malibu could be under-delivering for many reasons. For one thing, it's summer and the heat takes a toll on turbocharged engines, especially if you are running regular gas. You should try premium for a few fill-ups. My wife runs premium all summer in her Cruze turbo because the heat sucks the life out of the engine on regular gas, which is also detrimental to long term reliability.
It may also be the case that your car is suffering from carbon build up because of the direct fuel injection. You might need to have the ports and intake valves cleaned out by a mechanic.
Those two suggestions are assuming your car is up to date on basic maintenance like engine air filter, proper oil change, tire inflation, etc.