JAN. 2015 NY Auto Outlook
RECAP OF NOVEMBER RESULTS
12% 16% 20%
Percent Change in Area Registrations November 2014 vs. November 2013
0% 4% 8%
8.8%
8%
November new retail light vehicle registrations in the Metro Area were 38,803 units, up 8.8% compared to a year earlier. Auto Outlook had projected an 8% increase, with a total of 38,521. The actual total was only 282 units higher than the estimate. Auto Outlook is predicting that December sales increased by 8% versus a year earlier. We will report on the accuracy of that projection in the February 2015 release.
-8% -4%
-20% -16% -12%
PG: 2 new york auto outlook : NEW VEHICLE MARKET January 2015 Issue 0 100,000 200,000 300,000 400,000 500,000 600,000 Registrations 452,076 New vehicle registrations 20,000 30,000 40,000 50,000 Apr Feb
Actual % change Auto Outlook projected % change
RECENT RESULTS IN NEWVEHICLE MARKET
Monthly New Retail Light Vehicle Sales 2013 and 2014*
Percent Change in Area and U.S. New Vehicle Sales
12%
Metro NY U.S.
The area market increased 4.8% in 2014, whilethe U.S. market was up 6.8%.
2014 2013
10%
11.0
8%
8.8
8.0
6%
7.2
6.8
4%
4.8
Monthly registrations increased by an estimated 8% in December 2014.
2%
0%
Change December '14* vs. December '13
Change November '14 vs. November '13
Change YTD '14 thru December* vs. YTD '13
Oct
Jun
Dec
Aug
* Figures for December 2014 were estimated by Auto Outlook.
NEWVEHICLE MARKET FORECAST
New York Metro Area Annual New Retail Registrations History and Forecast New retail % change Years registrations vs. prev. year 2007 452,076 - 2008 410,906 -9.1% 2009 351,809 -14.4% 2010 397,196 12.9% 2011 413,207 4.0% 2012 461,113 11.6% 2013 489,312 6.1% 2014* 512,850 4.8% 2015 530,000 3.3% Forecast
Area registrations are predicted to increase by more than 17,000 units in 2015.
530,000
512,850
489,312
461,113
413,207
410,906
397,196
351,809
2007 2008 2009 2010 2011 2012 2013 2014* 2015 Forecast
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