GNYADA NY Auto Outlook - Data Thru July 2016

RECENT RESULTS IN NEW AND USED VEHICLE MARKETS

Percent Change in New Retail Registrations

0%

3.5%

Metro NYC new vehicles

Metro NYC new vehicles

3.3%

3.0%

U.S. new vehicles

U.S. new vehicles

PG: 2 new york auto outlook : NEW VEHICLE MARKET September 2016 Issue 2007 Registrations 0 100,000 200,000 300,000 400,000 500,000 600,000 -6% -5% -4% -3% -2% -1% -5.5%

2.5%

2.0%

1.5%

-3.8%

1.0%

0.5%

0.0%

-0.1%

-0.5%

Data Source: IHS Markit.

% change YTD '16 thru July* vs YTD 15

% change July '16* vs July '15

NEWVEHICLE MARKET FORECAST

New York Metro Area Annual New Retail Registrations History and Forecast

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

600,000

586,981

553,884

531,573

501,070

452,076

449,172

450,850

432,032

384,763

Data Source: IHS Markit.

2008

2009

2010

2011

2012

2013

2014

2015

2016 Forecast

Factors boosting new vehicle sales • Low interest rates

Factors holding sales back • Pent up demand is waning • Trade in values are expected to soften

Primary factors impacting the metro area new vehicle market:

• Attractive incentive offers • Growth in personal income • New products • Low gasoline prices

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