GNYADA March 2016 NY Auto Outlook

RECAP OF JANUARY RESULTS

12% 15%

January ‘16 new retail light vehicle registrations in the metro area were up 2.7% compared to a year earlier. Auto Outlook had projected a 2% decline. The late January snowstorm had less of an impact on sales than anticipated. Auto Outlook is predicting that sales in February of this year improved 4% versus a year earlier. We will report on the accuracy of that projection in the April, 2016 release. Percent Change in Area Registrations January 2016 vs. January 2015

0% 3% 6% 9%

2.7%

-2.0%

-9% -6% -3%

PG: 2 new york auto outlook : NEW VEHICLE MARKET March 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

-15% -12%

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

8%

The metro area market increased 3.4% during the rst two months of 2016, slightly below the nation.

2016 2015

Metro NY U.S.

7%

6%

6.8

6.3

5%

5.8

4%

4.0

3%

3.4

Monthly registrations were up an estimated 4% in February of 2016.

2%

2.7

1%

0%

% Change Feb '16* vs Feb '15

%Change Jan '16 vs Jan '15

% Change YTD '16 Thru Feb* vs YTD '15

Jul

Oct

Jun

Dec

Sep

Nov

Aug

May

* Figures for February 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.

598,000

586,981

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