GNYADA September 2016 NY Auto Outlook

USED VEHICLE REPORT

METRO AREA USED CAR AND LIGHT TRUCK REGISTRATIONS August June‘16 – August‘16 YTDThrough August 2016 2015 % change Current Previous % change 2016 2015 % change

55,563 62,504 -11.1% 178,824 179,106 -0.2% 476,739 469,808 1.5 %

INDUSTRY TOTAL

Cars

30,499 35,173 -13.3% 97,893 99,982 -2.1% 260,860 260,578 0.1%

PG: 6 new york auto outlook : NEW & USED VEHICLE MARKET October 2016 Issue Registrations -6% -3% 0% 3% 6% 9% 12% 15% 14.8 Light Trucks Detroit Three European Japanese Korean 2-year-old vehicles 3-year-old vehicles 4-year-old vehicles 5-year-old vehicles

25,064 27,331 -8.3% 80,931 79,124 2.3% 215,879 209,230 3.2%

18,759 22,111 -15.2% 60,412 61,984 -2.5% 163,214 165,298 -1.3%

8,497 9,270 -8.3% 27,615 27,750 -0.5% 73,696 72,561 1.6%

25,674 28,173 -8.9% 82,235 81,209 1.3% 217,374 211,165 2.9%

2,633 2,950 -10.7% 8,562 8,163 4.9% 22,455 20,784 8.0%

1-year-old vehicles or newer

5,077 4,156 22.2% 15,338 12,927 18.7% 34,058 29,666 14.8%

4,332 4,425 -2.1% 13,599 14,533 -6.4% 32,539 33,694 -3.4%

6,309 4,969 27.0% 21,155 18,551 14.0% 54,942 48,923 12.3%

2,320 2,968 -21.8% 7,882 7,975 -1.2% 24,372 24,327 0.2%

2,043 2,593 -21.2% 6,729 6,762 -0.5% 18,426 17,863 3.2%

6-year-old vehicles or older

35,482 43,393 -18.2% 114,121 118,358 -3.6% 312,402 315,335 -0.9%

Data Source: IHS Markit.

Percent Change in Used Registrations by Vehicle Age YTD 2016 Through August vs. YTD 2015

12.3

Registrations for one-year-old vehicles increased by 14.8% so far this year.

0.2

3.2

-3.4

-0.9

1-year-old or newer vehicles

2-year-old vehicles

3-year-old vehicles

4-year-old vehicles

5-year-old vehicles

6-year-old vehicles