GNYADA June 2016 NY Auto Outlook

RECAP OF APRIL RESULTS

3%

Percent Change in Area Registrations April 2016 vs. April 2015

2%

2%

1%

April ‘16 new retail light vehicle registrations in the metro area declined a slim 1.1% compared to a year earlier. Auto Outlook had projected a 2% increase. Actual total for April was 47,902 versus the projection of 49,387. Auto Outlook is predicting that registrations in May of this year declined 5% versus a year earlier. We will report on May registrations in the July release.

0%

-1.1%

-1%

PG: 2 new york auto outlook : NEW VEHICLE MARKET June 2016 Issue 2007 Registrations 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 New vehicle registrations 0 10,000 20,000 30,000 40,000 50,000 60,000 Apr Mar Feb Jan

-2%

-3%

Auto Outlook projected change

Actual change

RECENT RESULTS IN NEWVEHICLE MARKET

Monthly New Retail Light Vehicle Sales 2015 and 2016*

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

0% 1% 2% 3% 4% 5%

The metro area market increased 4.5% during the rst ve months of 2016, while the national market declined slightly.

Metro NY U.S.

2016 2015

4.5

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

-1.1

-0.4

-3.1

Data Source: IHS Automotive

Monthly registrations declined by an estimated 5% in May of 2016.

-5.0

-6.1

Change May '16* vs May '15

Change April '16 vs April '15

Change YTD '16 Thru May* vs YTD '15

Jul

Oct

Jun

Dec

Sep

Nov

Aug

May

* Figures for May 2016 were estimated by Auto Outlook.

NEWVEHICLE MARKET FORECAST

New York Metro Area Annual New Retail Registrations History and Forecast

Metro area registrations are predicted to approach 610,000 units this year.

609,500

586,981

553,884

531,573

501,070

450,850

449,172

452,076

432,032

384,763

Data Source: IHS Automotive

2008

2009

2010

2011

2012

2013

2014

2015

2016 Forecast