Feb. NY Auto Outlook

Data Thru January 2015

NEWYORK AUTOOUTLOOK tm a monthly report on vehicle sales in metro new york

JANUARY VEHICLE SALES REPORT

metro area new retail car and light truck registrations

Beginning with this issue, the figures for Dutchess, Orange, and Putnam counties are included in the area market totals. Specific data for the three counties is also presented on page 7. This table shows new retail light vehicle (car and light truck) registrations in the twelve-county New York Metro Area. Figures exclude fleet transactions. * January 2015 figures were estimated by Auto Outlook.

January Estimate*

December Actual

Annual

2015 2014 % chg.

2014 2013 % chg.

2014 2013 % chg.

Industry Total

41,744 36,942 13.0% 49,359 45,651 8.1% 557,886 532,017 4.9%

Cars

17,845 16,732 6.7% 23,002 22,641 1.6% 265,455 277,340 -4.3% 23,899 20,210 18.3% 26,357 23,010 14.5% 292,431 254,677 14.8%

Light Trucks

Detroit Three

12,108 10,372 16.7% 12,232 11,060 10.6% 145,207 129,444 12.2% 6,378 5,865 8.7% 11,285 10,069 12.1% 98,514 97,908 0.6% 20,763 18,195 14.1% 23,385 21,895 6.8% 277,283 265,061 4.6% 2,495 2,510 -0.6% 2,457 2,627 -6.5% 36,882 39,604 -6.9%

European Japanese

Korean

Data Source: IHS Automotive

1.) Area new vehicle market increased an estimated 13% in January of 2015 versus a year earlier. 2.) Area market increased 4.9% from 2013 to 2014, compared to 6.5% Nationally. New vehicle registrations exceeded 557,000 units. 3.) The market is predicted to improve 3.2% from 2014 to 2015. 4.) SUV market share rose to 45.9% in January, higher than the 42.8% share for passenger cars. 5.) Honda , Toyota , Nissan , Ford , and Jeep were the market share leaders in January (see page 5). 6.) Area used vehicle market increased slightly from 2013 to 2014.

13%

THIS MONTH’S SUMMARY: The Metro Area new vehicle market finished 2014 on a strong note, and the momentum continued in early 2015. New retail registrations increased 8.1% in December of last year versus a year earlier, and improved an estimated 13% in January of this year. The increase for all of this year will not be that high, but the market is predicted to improve for the sixth consecutive year in 2015.

The Greater NewYork Automobile Dealers Association (GNYADA) represents nearly 400 franchised new car dealerships in Metro NewYork with combined annual sales totaling over $27 billion. GNYADAmembers are responsible for more than 57,000 jobs in the area and collect over $1.8 billion in state and local taxes annually.

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