Feb. NY Auto Outlook

USED VEHICLE REPORT

METRO AREA USED CAR AND LIGHT TRUCK REGISTRATIONS December OctoberThru December Annual 2014 2013 % change Current Previous % change 2014 2013 % change

52,581 47,217 11.4% 151,024 140,809 7.3% 655,824 653,380 0.4 %

INDUSTRY TOTAL

Cars

29,078 26,172 11.1% 82,381 78,503 4.9% 364,564 371,292 -1.8% 23,503 21,045 11.7% 68,643 62,306 10.2% 291,260 282,088 3.3% 18,912 17,775 6.4% 55,502 53,014 4.7% 239,053 245,907 -2.8% 8,160 7,104 14.9% 23,144 20,798 11.3% 100,408 96,171 4.4% 23,194 20,277 14.4% 65,631 61,064 7.5% 287,526 284,589 1.0% 2,315 2,061 12.3% 6,747 5,933 13.7% 28,837 26,713 8.0% 5,875 5,096 15.3% 16,244 13,872 17.1% 48,562 46,898 3.5% 5,025 4,719 6.5% 13,721 12,981 5.7% 47,611 48,219 -1.3% 3,960 3,344 18.4% 12,366 10,711 15.5% 65,944 61,178 7.8% 2,041 1,733 17.8% 5,948 5,038 18.1% 29,328 26,173 12.1% 1,759 2,304 -23.7% 5,161 6,777 -23.8% 22,423 31,232 -28.2% 33,921 30,021 13.0% 97,584 91,430 6.7% 441,956 439,680 0.5%

Light Trucks

PG: 6 new york auto outlook : NEW & USED VEHICLE MARKET February 2015 Issue Detroit Three European Japanese Korean 2-year-old vehicles 3-year-old vehicles 4-year-old vehicles 5-year-old vehicles -15% -10% -5% 0% 5% 10% 15% 20% 18.8

1-year-old or newer vehicles

6-year-old vehicles or older

Data Source: IHS Automotive

Quarterly Percent Change in Area New and Used Vehicle Markets Third Quarter 2013 thru Fourth Quarter 2014

Used New

15.0

7.5

7.3

6.4

5.2

4.2

2.6

-4.8

-5.5

-10.4

-12.7

Q3 '13

Q4 '13

Q1 '14

Q2 '14

Q3 '14

Q4 '14

Data Source: IHS Automotive

Annual Comparison - 2014 vs 2013

Annual % change in new vehicle registrations

New up 4.9%

Annual % change in used vehicle registrations

Used up 0.4%

4%

5%

3%

1%

2%

0%

Data Source: IHS Automotive