Feb. NY Auto Outlook

RECAP OF DECEMBER RESULTS

12% 16% 20%

Percent Change in Area Registrations December 2014 vs. December 2013

0% 4% 8%

8.1%

8%

December new retail light vehicle registrations in the Metro Area were up 8.1% compared to a year earlier. Auto Outlook had projected an 8% increase. Auto Outlook is predicting that January sales increased by 13% versus a year earlier. We will report on the accuracy of that projection in the March 2015 release.

-8% -4%

-20% -16% -12%

PG: 2 new york auto outlook : NEW VEHICLE MARKET February 2015 Issue 0 100,000 200,000 300,000 400,000 500,000 600,000 Registrations 452,076 New vehicle registrations 0 10,000 20,000 30,000 40,000 50,000 Apr Mar Feb Jan

Auto Outlook projected % change

Actual % change

RECENT RESULTS IN NEWVEHICLE MARKET

Monthly New Retail Light Vehicle Sales 2014 and 2015*

Percent Change in Area and U.S. New Vehicle Sales

15%

Metro NY U.S.

The area market increased 4.9% in 2014, while the U.S. market was up 6.5%.

2014 2015

12%

13.8

13.0

9%

8.1

7.8

6%

6.5

Monthly registrations increased by an estimated 13% in January 2015.

4.9

3%

0%

Change January '15* vs. January '14

Change December '14 vs. December '13

Change YTD 2014 vs 2013

Jul

Oct

Jun

Dec

Sep

Nov

Aug

May

* Figures for January 2015 were estimated by Auto Outlook. Data Source: IHS Automotive

Data Source: IHS Automotive

NEWVEHICLE MARKET FORECAST

New York Metro Area Annual New Retail Registrations History and Forecast New retail % change Years registrations vs. prev. year 2007 452,076 - 2008 449,172 -0.6% 2009 384,763 -14.3% 2010 432,032 12.3% 2011 450,850 4.4% 2012 501,070 11.1% 2013 532,017 6.2% 2014 557,886 4.9% 2015 576,000 3.2% Forecast

Area registrations are predicted to increase by more than 18,000 units in 2015.

576,000

557,886

532,017

501,070

450,850

449,172

432,032

384,763

2007 2008 2009 2010 2011 2012 2013 2014 2015 Forecast

Data Source: IHS Automotive