GNYADA February 2016 NY Auto Outlook

RECAP OF DECEMBER RESULTS

10%

December ‘15 new retail light vehicle registrations in the metro area were up 5.6% compared to a year earlier. Auto Outlook had projected a 9% increase. Auto Outlook is predicting that sales in January of this year declined 2% versus a year earlier. We will report on the accuracy of that projection in the March, 2016 release. Percent Change in Area Registrations December 2015 vs. December 2014

9.0%

8%

6%

5.6%

4%

2%

PG: 2 new york auto outlook : NEW VEHICLE MARKET February 2016 Issue 2007 Registrations 0 100,000 200,000 300,000 400,000 500,000 600,000 New vehicle registrations 0 10,000 20,000 30,000 40,000 50,000 60,000 Apr Mar Feb Jan

0%

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

0% 1% 2% 3% 4% 5% 6% 7% 8%

Metro NY U.S.

2016 2015

The metro area market increased 6.2% during 2015, higher than in the nation.

6.2

5.6

5.1

2.5

Monthly registrations declined by an estimated 2% in January 2016.

-2% -1%

-0.4

-2.0

% Change Jan '16* vs Jan '15

% Change Dec '15 vs Dec '14

% Change 2015 vs 2014

Jul

Oct

Jun

Dec

Sep

Nov

Aug

May

* Figures for January 2016 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

Metro area registrations are predicted to approach 600,000 units this year.

595,000

588,044

553,884

531,573

501,070

450,850

449,172

452,076

432,032

384,763

2008

2009

2010

2011

2012

2013

2014

2015

2016 Forecast

Data Source: IHS Automotive