GNYADA December NY Auto Outlook

RECAP OF OCTOBER RESULTS

12% 16% 20%

Percent Change in Area Registrations October 2014 vs October 2013

0% 4% 8%

8%

6.6%

October new retail light vehicle registrations in the Metro Area were 40,248 units, up 6.6% compared to a year earlier. Auto Outlook had projected an 8% increase, with a total of 40,761. The actual total was 513 units lower than the estimate. Auto Outlook is predicting that November sales increased by 8% versus a year earlier. We will report on the accuracy of that projection in the January 2015 release.

-8% -4%

-20% -16% -12%

PG: 2 new york auto outlook : NEW VEHICLE MARKET December 2014 Issue 0 100,000 200,000 300,000 400,000 500,000 600,000 Registrations 452,076 New vehicle registrations 20,000 30,000 40,000 50,000 Mar Jan

Auto Outlook projected % change

Actual % change

RECENT RESULTS IN NEWVEHICLE MARKET

Monthly New Retail Light Vehicle Sales 2013 and 2014*

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

1% 2% 3% 4% 5% 6% 7% 8% 9% 10%

Metro NY U.S.

The area market increased 4.4% thru November of this year, while the U.S. market was up 6.2%.

2014 2013

8.0

6.6

6.3

6.2

4.7

4.4

Monthly registrations increased by an estimated 8% in November 2014.

0%

Change November '14* vs. November '13

Change October '14 vs. October '13

Change YTD '14 thru November* vs. YTD '13

Jul

Sep

Nov

May

* Figures for November 2014 were estimated by Auto Outlook.

NEWVEHICLE MARKET FORECAST

New York Metro Area Annual New Retail Registrations History and Forecast New retail % change Years registrations vs. prev. year

Area registrations are predicted to increase by 21,388 units in 2014.

510,700

489,312

2007 2008 2009 2010 2011 2012 2013 2014

452,076 410,906 351,809 397,196 413,207 461,113 489,312 510,700

-

461,113

410,906

-9.1%

413,207

397,196

-14.4% 12.9%

351,809

4.0%

11.6%

6.1% 4.4%

2007 2008 2009 2010 2011 2012 2013 2014 Forecast

Forecast