GNYADA February 2016 NY Auto Outlook

Data Thru January 2016

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

January Estimate*

December Actual

Annual Total

2016 2015 % chg.

2015 2014 % chg.

2015 2014 % chg.

Industry Total

35,762 36,492 -2.0% 52,276 49,498 5.6% 588,044 553,884 6.2%

Cars

14,280 15,952 -10.5% 21,671 23,091 -6.1% 255,153 263,526 -3.2% 21,482 20,540 4.6% 30,605 26,407 15.9% 332,891 290,358 14.6%

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 2016 figures were estimated by Auto Outlook.

Light Trucks

Detroit Three

10,304 10,246 0.6% 13,380 12,235 9.4% 159,173 143,961 10.6% 5,508 5,702 -3.4% 10,502 11,421 -8.0% 97,924 98,858 -0.9% 17,781 18,357 -3.1% 25,583 23,385 9.4% 293,559 274,382 7.0% 2,169 2,187 -0.8% 2,811 2,457 14.4% 37,388 36,683 1.9%

European Japanese

Korean

Data Source: IHS Automotive

NOTE: The late January snow storm put a bit of a damper on the metro area new vehicle market, but sales were still strong. Total sales should still exceed 34,000 units, which is very respectable for the first month of the year. Registrations are predicted to increase slightly for all of this year versus 2015 and have a chance to exceed 600,000 units.

1. Metro area market increased 6.2% from 2014 to 2015, stronger than the 5.1% improvement in the nation. 2. Light truck market share was an estimated 61.1% in January, up 3.8 points versus a year earlier . 3. Land Rover , Volvo , Chevrolet , and Infiniti registrations were up by more than 19% for all of 2015. 4. Metro area used vehicle market increased by 1.7% last year. 5. Metro area new vehicle market declined an estimated 2% in January of 2016 versus a year earlier. The small drop in January followed a 5.6% improvement in December of 2015.

The Greater NewYork Automobile Dealers Association (GNYADA) represents more than 400 franchised new car dealerships in downstate New York with combined annual sales totaling over $33 billion. GNYADAmembers are responsible for more than 65,000 jobs in the area and collect over $1.8 billion in state and local taxes annually.

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