June 2015 GNYADA NY Auto Outlook

Data Thru May 2015

NEWYORK AUTOOUTLOOK TM a monthly report on vehicle sales in metro new york

MAY VEHICLE SALES REPORT

metro area new retail car and light truck registrations

May Estimate*

April Actual

YTD thru May*

2015

2014

% chg.

2015

2014 % chg.

2015

2014

% chg.

Industry Total

50,136 48,208 4.0%

49,479 47,105 5.0%

229,241 221,129 3.7%

Cars

24,037 24,370 -1.4%

22,369 23,166 -3.4% 27,110 23,939 13.2%

102,733 105,070 -2.2% 126,508 116,059 9.0%

This table shows new retail light vehicle (car and light truck) registrations in the twelve-county New York Metro Area. Figures exclude eet transactions. * May 2015 gures were estimated by Auto Outlook.

Light Trucks

26,099 23,838

9.5%

Detroit Three

12,175 11,632

4.7% 6.6% 3.7% -2.4%

13,744 11,892 15.6%

61,157 57,685 37,819 37,495

6.0% 0.9%

European Japanese

9,165

8,601

8,103

8,687 -6.7%

25,509 24,607

24,217 22,864 5.9%

115,563 110,414 4.7% 14,702 15,535 -5.4%

Korean

3,287

3,368

3,415

3,662 -6.7%

Data Source: IHS Automotive

1.) 2015 NewVehicle Market Forecast of 573,000 units is the best in nine years. 2.) Light Trucks sales grow 9%YTD thru May 2015. 3.) Metro New York new vehicle market increased an estimated 4% in May of 2015 versus a year earlier. 4.) Metro New York used vehicle market increased by 2.7% during the rst four months of 2015. 5.) Metro New York sales out pace U.S. 3.7% to 3.0% in the rst ve months of the 2015. 6.) Detroit 3 continues to grow market share in the New York Metro Area.

THIS MONTH’S SUMMARY: After getting o to a bit of a sluggish start early this year, the Metro Area new vehicle market has started to warm up along with the weather. New retail registrations are projected to exceed 573,000 units for all of this year and increase by 3.5% from 2014. Pent up demand, strong new vehicle a ordability, an improving labor market, and improved new vehicle o erings should continue to give the market a boost for at least the next 18 months.

9%

months 5

The Greater NewYork Automobile Dealers Association (GNYADA) represents nearly 400 franchised new car dealerships in Metro NewYork with combined annual sales totaling over $27 billion. GNYADAmembers are responsible for more than 57,000 jobs in the area and collect over $1.8 billion in state and local taxes annually.

RECAP OF APRIL RESULTS

12% 16% 20%

Percent Change in Area Registrations April 2015 vs. April 2014

0% 4% 8%

7%

April new retail light vehicle registrations in the Metro Area were up 5% compared to a year earlier. Auto Outlook had projected a 7% increase. Auto Outlook is predicting that May sales increased by 4% versus a year earlier. We will report on the accuracy of that projection in the July, 2015 release.

5%

-8% -4%

-20% -16% -12%

PG: 2 new york auto outlook : NEW VEHICLE MARKET June 2015 Issue 0 100,000 200,000 300,000 400,000 500,000 600,000 Registrations 452,076 New vehicle registrations 0 10,000 20,000 30,000 40,000 50,000 60,000 Apr Mar Feb Jan

Auto Outlook projected % change

Actual % change

RECENT RESULTS IN NEWVEHICLE MARKET

Monthly New Retail Light Vehicle Sales 2014 and 2015*

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

6%

Metro NY U.S.

The area market increased 3.7% during the rst ve months of 2015, slightly higher than in the Nation.

2014 2015

5.8

5%

5.0

4%

4.0

3.7

3%

3.0

2%

Monthly registrations increased by an estimated 4% in May 2015.

1%

1.6

0%

% Change May '15* vs. May '14

% Change April '15 vs. April '14

% Change YTD '15 Thru May* vs YTD '14

Jul

Oct

Jun

Dec

Sep

Nov

Aug

May

* Figures for May 2015 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 New retail % change Years registrations vs. prev. year 2007 452,076 - 2008 449,172 -0.6% 2009 384,763 -14.3% 2010 432,032 12.3% 2011 450,850 4.4% 2012 501,070 11.1% 2013 531,573 6.1% 2014 554,054 4.2% 2015 573,500 3.5% Forecast

Area registrations are predicted to increase by more than 19,000 units in 2015.

573,500

554,054

531,573

501,070

450,850

449,172

432,032

384,763

2007 2008 2009 2010 2011 2012 2013 2014 2015 Forecast

Data Source: IHS Automotive

NEWVEHICLE SEGMENTS

PG: 3 NEW VEHICLE MARKET : new york auto outlook June 2015 Issue

Japanese brands accounted for 50.4% of market share

Market Share - YTD 2015 thru May*

Change in share: YTD ‘15 thru May * vs. YTD ‘14

Korean 6.4%

Detroit Three

0.6

European 16.5%

Japanese

0.5

Japanese 50.4%

European

-0.5

Detroit Three 26.7%

Korean

-0.6

0.2

0.4

0.6

0.0

-0.6

-0.4

-0.2

*Figures for May 2015 were estimated by Auto Outlook. Data Source: IHS Automotive. Data Source: IHS Automotive. Data Source: IHS Automotive. *Figures for May 2015 were estimated by Auto Outlook.

Passenger car market share declines

Market Share - YTD 2015 thru May*

Change in share: YTD ‘15 thru May * vs. YTD ‘14

Pick ups/Vans 8.8%

SUVs

2.8

Passenger Cars 44.8%

Pickups/Vans

-0.1

SUVs 46.4%

Passenger Cars

-2.7

-3.0

0.0

2.0

3.0

1.0

-2.0

-1.0

Hybrid vehicles lose market share in 2015

Market Share - YTD 2015 thru April

Change in share: YTD ‘15 vs. YTD ‘14

Diesel 1.0%

Electric 0.2%

Hybrid 2.3%

Gasoline

0.5

Electric

0.1

Diesel

-0.3

Gasoline 96.5%

Hybrid

-0.3

0.0

0.2

0.4

-0.2

NEWVEHICLE BRANDS

BRAND REGISTRATIONS REPORT Metro Area New Retail Car and Light Truck Registrations

May Estimate*

Three Month Period (Mar ‘14 thru May‘15)

YTD thru May*

2015

2014

% change

Current

Yr Earlier

% change

2015*

2014

% change

PG: 4 new york auto outlook : NEW VEHICLE MARKET June 2015 Issue TOTAL Cars Light Trucks Domestic Brands European Brands Japanese Brands Korean Brands Acura Audi BMW Buick Cadillac Chevrolet Chrysler Dodge FIAT Ford GMC Honda Hyundai In niti Jaguar Jeep Kia Land Rover Lexus Lincoln Mazda Mercedes MINI Mitsubishi Nissan Porsche Ram Subaru Tesla Toyota Volkswagen Volvo Other

50,136

48,208

4.0%

153,581 147,469

4.1%

229,241 221,129

3.7%

24,037

24,370

-1.4%

70,308

72,428

-2.9%

102,733

105,070

-2.2%

26,099

23,838

9.5%

83,273

75,041

11.0%

126,508

116,059

9.0%

12,175

11,632

4.7%

40,192

36,861

9.0%

61,157

57,685

6.0%

9,165

8,601

6.6%

26,659

26,143

2.0%

37,819

37,495

0.9%

25,509

24,607

3.7%

76,522

73,847

3.6%

115,563

110,414

4.7%

3,287

3,368

-2.4%

10,208

10,618

-3.9%

14,702

15,535

-5.4%

1,240 1,260 2,301

1,058 1,125 2,177

17.2% 12.0% 5.7% 1.7% -0.8% 2.4% 33.0% -21.1% -18.0% -0.6% 13.5% 0.6% -9.5% 1.9% -7.5% 14.5%

3,840 3,539 6,589 1,418 7,220 2,389 2,130 840

3,387 3,266 6,733 1,660 6,387 2,057 2,471 921

13.4% 8.4% -2.1% -8.8% -14.6% 13.0% 16.1% -13.8% -19.9% 21.1% -2.0% -6.8% 12.7% 6.2%

5,982 4,826 9,337 1,240 2,148

5,101 4,560 9,521 1,482 2,737 9,741 3,194 3,626

17.3% 5.8% -1.9% -16.3% -21.5% 18.5% -12.2% -19.9% 0.8% -7.4% 9.9% -5.4% 14.0% -2.4% 33.8% 16.1% 5.5% -2.5% 0.6% -1.0% 17.0% 9.6% 1.5% 19.7%

246 476

242 480

2,066

2,018

10,676

757 607 109

569 769 133

3,786 3,184

339

423

486

607

3,010

3,027

9,912 2,513

9,331 2,076

15,052

14,836

705

621

4,230

3,534

7,637 2,040

7,588 2,253

21,132

21,554

31,476 10,042

31,223 10,839

6,912 3,320

7,415 2,947

930

913

4,936

4,493

74

80

241

240

0.4%

349

369

3,369 1,169

2,943 1,115

10,543

8,922 3,203

18.2%

15,943

13,990

4.8%

3,218 1,334 5,467 1,156 2,823 8,305

0.5%

4,582 2,061 8,266 1,754 4,105

4,696 1,540 7,117 1,663 4,209

380

317

19.9% 11.2%

994

34.2% 11.7% 4.0% -0.7% 4.1% -0.7% 15.5%

1,464

1,316

4,896 1,112 2,844 7,980

403 951

385 946

4.7% 0.5%

2,866

2,535

13.1%

11,675

11,605

212 287

207 216

2.4%

601 810

605 701

828

836

32.9% -0.1% -6.5% 13.0% 13.2% 15.4% -0.7%

1,171

1,001

4,726

4,731

14,865

14,657

1.4%

23,071

23,015

0.2%

243 583

260 516

827

713

16.0%

1,108 2,922

1,007 2,674 8,570

10.0%

1,910 6,628

1,753 5,469

9.0%

9.3%

2,065

1,824

21.2% 74.1% 0.0% -7.9% 19.9%

10,311

20.3% 74.1% 1.3% -6.8% 20.4%

60

52

256

147

303

174

5,972 1,451

6,013 1,331

17,393

17,388

25,998

25,677

9.0% 1.1%

3,500 1,014

3,799

5,073 1,488

5,441 1,236

268 209

265 183

846 572

14.2%

597

4.4%

832

815

2.1%

Top ten ranked brands are shaded.

Data Source: IHS Automotive *May ’15 gures are estimated.

PG: 5 NEW VEHICLE MARKET : new york auto outlook June 2015 Issue

NEWVEHICLE BRANDS

Registration Percent Change YTD ‘15 thru May* vs. YTD 2014 Top 20 Selling Brands

New Vehicle Market Share YTD 2015 thru May* Top 20 Selling Brands

U.S. Area

13.7

Subaru

20.3

Honda

9.5

Subaru, GMC, Chrysler, Acura, Lexus, and Jeep registrations increased by more than 14%.

11.3

19.7

GMC

Toyota

13.2

10.1

18.5

Chrysler

Nissan

7.6

BMW area market share was 4.1% versus 2.2% in the Nation.

7.0

17.3

Acura

Jeep

4.8

6.6

Lexus

16.1

Ford

12.6

5.1

Jeep

14.0

Mercedes

2.2

4.7

In niti

9.9

Chevrolet

10.4

4.5

9.6

Chevrolet

Subaru

4.0

4.4

Audi

5.8

Hyundai

4.1

4.1

1.5

Ford

BMW

2.2

3.6

1.3

Toyota

Lexus

2.3

2.6

0.8

Honda

Acura

1.2

2.2

0.6

Mercedes

In niti

0.8

2.2

0.2

Nissan

Volkswagen

2.1

2.1

-1.9

BMW

Audi

1.3

2.0

-2.4

Kia

Kia

3.8

1.8

-2.5

GMC

Mazda

3.2

1.8

Mazda

-6.8

Volkswagen

2.0

1.7 1.5

-7.4

Chrysler

Hyundai

1.4

Dodge

Dodge

-12.2

2.7

0% 3% 6% 9% 12% 15%

-15% -10% -5% 0% 5% 10% 15% 20% 25%

Market Share

% change in new retail light vehicle registrations

Data Source: IHS Automotive

Data Source: IHS Automotive

Figures for May ‘15 were estimated by Auto Outlook.

USED VEHICLE REPORT

METRO AREA USED CAR AND LIGHT TRUCK REGISTRATIONS April February‘15 Thru April‘15 YTDThru April 2015 2014 % change Current Previous % change 2015 2014 % change

58,772

53,448

10.0%

178,963 175,076 2.2%

220,883 214,978

2.7 %

INDUSTRY TOTAL

Cars

32,786

30,022

9.2%

98,655

97,325

1.4%

121,326

119,058

1.9%

PG: 6 new york auto outlook : NEW & USED VEHICLE MARKET June 2015 Issue Light Trucks Detroit Three European Japanese Korean 2-year-old vehicles 3-year-old vehicles 4-year-old vehicles 5-year-old vehicles YTD thru April % change in used vehicle registrations YTD thru April % change in new vehicle registrations

25,986

23,426

10.9%

80,308

77,751

3.3%

99,557

95,920

3.8%

20,815

19,712

5.6%

63,778

64,684

-1.4%

78,984

79,391

-0.5%

9,323

8,407

10.9%

27,031

25,863

4.5%

33,604

31,760

5.8%

26,057

23,041

13.1%

80,393

77,216

4.1%

98,742

94,802

4.2%

2,577

2,288

12.6%

7,761

7,313

6.1%

9,553

9,025

5.9%

1-year-old or newer vehicles

3,312

3,041

8.9%

9,907

9,079

9.1%

12,289

11,091

10.8%

3,940

3,248

21.3%

11,326

9,927

14.1%

14,022

12,416

12.9%

6,337

5,961

6.3%

18,548

18,621

-0.4%

22,809

23,026

-0.9%

3,009

2,507

20.0%

10,123

8,718

16.1%

13,079

11,357

15.2%

2,214

1,818

21.8%

6,875

5,952

15.5%

8,576

7,371

16.3%

6-year-old vehicles or older

39,960

36,873

8.4%

122,184 122,779

-0.5%

150,108

149,717

0.3%

Data Source: IHS Automotive

Year-To-Date thru April Comparison

New up 3.6%

Used up 2.7%

4.0

3.0

2.5

0.0

2.0

3.5

1.5

1.0

0.5

Data Source: IHS Automotive

COUNTY MARKETS NEW & USED VEHICLES

PG: 7 NEW & USED VEHICLE MARKET : new york auto outlook June 2015 Issue

COUNTY NEW AND USED MARKETS

New Retail Registrations

Used Retail Registrations

Feb ‘15

Feb ‘14

YTD ‘15

YTD ‘14

Feb ’15 Thru Apr ’15 14,039 18,294

Feb ‘14 Thru

YTD ‘15

YTD ‘14

Thru

Thru

%

Thru April

Thru April

%

%

Thru April

Thru April

%

Apr ’15

Apr ‘14 Change

Change

Apr ‘14 Change

change

Bronx

5,926

5,219

14% 12%

7,337

6,446

14% 10% 3% 1% 2% 2% 9% 5% 3% 0% 2% -1%

13,417 17,126

5% 7% 0% 2% 0% 2% 3% 0%

17,022 22,240 10,421

16,074 21,021 10,430

6% 6% 0% 3% 0% 9% 2% 3% 0%

Brooklyn Dutchess

13,483

12,010

16,673

15,132

4,226 6,636

3,945 6,530

7% 2% 3% 4% 0% 6% 4% 0% 3%

5,236 8,265

5,071 8,221

8,354 7,330

8,373 7,193

Manhattan

9,029

8,740

Nassau Orange Putnam Queens Rockland

27,634

26,861

34,826

34,282

22,492 11,262

22,560 10,242

28,011 13,796

27,936 12,632

5,470 1,803

5,250 1,810

6,799 2,301

6,639 2,330

10%

2,458

2,412

3,072

3,010

18,518

16,813

10%

23,215

21,363

26,309

25,665

32,458

31,391

5,572 9,287

5,255 8,957

7,083

6,739

5,789 6,673

5,816 6,905

7,210 8,304

7,203 8,367

Staten Island

11,727 34,166 21,477

11,431 34,186 21,081

-3%

-1%

Su olk

27,080 16,953

26,951 16,439

38,458 17,505

38,115 17,252

1% 1%

47,589 21,731

46,921 21,253

1% 2%

Westchester

TOTALS

142,588 136,040

5%

179,105

172,921

4%

178,963 175,076

2%

220,883

214,978

3%

Data Source: IHS Automotive

Top three are shaded.

new vehicle market share in area counties Top 30 Selling Brands in Area, YTD 2015 Thru April

Brand Honda Toyota Nissan

Bronx

Brooklyn

Dutchess Manhattan Nassau

Orange

Putnam

Queens Rockland Staten Island Su olk

Westchester

16.9 18.8 12.2

17.3 15.2 10.5

14.1

8.9

11.6

12.0 12.0

13.8

15.7 16.1 13.7

12.4 12.8

13.5

11.6 10.2 10.1

13.9

9.2 8.5 6.0 8.7 2.9 8.5 4.2 2.2 0.9 2.9 0.4 2.0 1.1 2.9 2.5 3.3 1.1 1.5 2.3 0.3 0.8 0.3 0.6 1.0 0.3 0.2 0.2 0.1

11.0

8.6

8.3 6.3 7.2 7.5 3.5 5.9 4.9 2.2 1.4 1.6 0.4 3.0 1.3 3.2 1.9 1.9 1.9 2.9 2.3 0.3 0.9 0.5 0.3 0.4 0.1 0.1 0.2 0.2

7.5

8.1 7.3 7.8 5.8 6.2 4.2 8.0 2.8 5.4 4.0 4.7 2.1 1.9 3.1 2.0 1.6 1.6 0.9 0.9 0.9 1.0 0.8 0.7 0.9 0.5 0.5 0.7 0.5 0.2

4.8 5.7 4.5 2.5 3.7 2.4 8.4 5.0 2.4 1.6 2.1 5.3 1.2 0.8 1.2 1.0 1.2 0.3 4.1 1.8 0.5 1.3 0.3 0.4 2.3 1.0 1.0

10.8

9.2 6.5

9.9 5.5 8.5 4.0 3.9 7.5 4.9 3.5 3.2 2.0 1.8 1.5 1.8 1.7 2.5 1.7 3.6 1.4 1.1 0.5 0.8 0.9 0.5 0.7 0.3 0.3 0.3 0.1

12.2

5.7 6.3 2.9 4.2 3.0 4.7 2.4 2.1 3.5 1.3 1.6 0.7 1.3 2.8 1.2 2.4 1.8 0.3 0.5 0.6 0.5 0.2 0.4 1.1 0.1 0.2 0.1

5.0 5.6 4.2 2.2 2.4 3.6 3.7 6.9 2.5 3.6 1.8 1.6 1.2 1.4 1.0 3.6 1.3 0.5 0.9 0.6 0.6 0.5 0.3 0.7 0.4 0.2 0.3

8.0 5.9 6.2 4.6 3.6 4.4 4.7 4.2 2.7 2.6 1.8 2.5 3.0 1.6 2.0 1.4 1.4 1.3 1.1 1.2 0.8 1.2 0.7 0.3 0.6 0.3 0.1

5.8 4.1 4.8 3.4 3.4 4.6 3.5 4.1 2.7 2.3 1.9 1.3 1.2 1.5 1.5 1.8 1.5 0.6 0.7 0.7 0.5 0.4 0.5 0.3 0.3 0.3 0.2

7.6

8.3 8.4 3.5 7.6 4.0 5.6 2.9 2.4 2.0 1.8 2.6 1.7 2.0 2.4 2.2 1.1 1.6 2.6 0.7 1.1 0.8 0.5 0.6 0.7 0.3 0.2 0.1

Jeep Ford

10.5

10.2

11.1

2.1 6.8 7.4 5.8 2.4 1.1 1.7 0.9 1.7 0.8 1.9 2.6 1.8 2.4 2.5 2.5 0.3 0.8 0.9 0.4 1.0 1.2 0.2 0.3 0.1

4.4 4.4 2.0 5.5 3.2 5.2 1.4 3.8 2.2 1.2 2.2 2.6 1.7 1.6 1.3 1.0 0.6 0.8 1.7 0.4 0.3 0.2 0.2 0.2 0.2

Mercedes Chevrolet Subaru Hyundai

10.8

15.3

BMW Lexus Acura

In niti

Volkswagen

Audi GMC

Kia

Mazda

Chrysler

Dodge

Ram

Land Rover

Cadillac Lincoln

Volvo Buick

Mitsubishi

Porsche

MINI FIAT

Data Source: IHS Automotive

The top three counties for each brand are shaded.

MODELS NEW & USED VEHICLES

New Vehicles Top 25 New Models - YTD ‘15 thru April

Used Vehicles Top 25 Used Models - YTD ‘15 thru April

Honda Sonata BMW 3-Series Honda Pilot Toyota Corolla Nissan Rogue Honda CRV Honda Civic Toyota Camry Nissa Altima Honda Accord

Honda Accord Nissan Rogue Honda CRV

2,967

6,521

2,926

6,435 6,415

2,902

PG: 1 new york auto outlook : NEW & USED VEHICLE MARKET June 2015 Issue Honda Odyssey Nissan Sentra Mercedes C-Class Ford Explorer Ford Fusion Toyota Sienna JeepWrangler Chevrolet Equinox Toyota Corolla Ford Escape Lexus RX Toyota HIghlander Subaru Forester Hyundai Elantra Hyundai Sonata Jeep Cherokee Honda Pilot Toyota RAV4 Honda Civic Toyota Camry Nissan Altima Jeep Grand Cherokee

2,068

4,999

1,839

4,951

1,829

4,546 4,500

1,515

1,459

4,407

1,428 1,420

3,702

2,893

Mercedes E-Class Volkswagen Jetta Toyota RAV4 Mercedes C-Class Jeep Grand Cherokee

1,358

2,730

1,265

2,567 2,517

Honda CR-V moved back into the top spot as the best-selling new vehicle in the area market.

1,171

1,072 1,051

2,415 2,411 2,339

Accord, Altima, and Camry were separated by a narrow margin in the area used vehicle market.

Ford E-Series BMW 5-Series Nissan Maxima Nissan Sentra Toyota Sienna

1,028 1,015 1,003 951

2,305 2,298 2,296 2,287 2,274 2,250 2,240

895 890

Toyota Highlander Mercerdes M-Class In niti G Hyundai Elantra JeepWrangler

875 858

857 827

2,067 2,066

0

500 1,000 1,500 2,000 2,500 3,000

New retail light vehicle registrations 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000

Used registrations (vehicles six years old or newer)

Data Source: IHS Automotive

Data Source: IHS Automotive

HOW DATA IS COMPILED All data represents retail vehicle registrations in the twelve-county NewYork Metro Area and excludes eet and wholesale transactions. May 2015 gures were estimated by Auto Outlook based on recent trends in the Metro Area market, seasonal factors, and results in the National market. Please keep in mind that monthly registration gures can occasionally be subject to uctuations, resulting in over or under estimation of actual results. This usually occurs due to processing delays by governmental agencies. For this reason, the year-to-date gures will typically be more re ective of market results. For year-to-date gures, most recent month (May) is estimated and previous months are actual.

Any material quoted must be attributed to Auto Outlook and GNYADA, and must also include the statement “Data Source: IHS Automotive.” New and Used Vehicle Auto Outlook is produced by Auto Outlook Inc. for the Greater New York Automobile Dealers Association. Statements contained or incorporated by reference in this publication that are not historical facts (including those that GNYADA or Auto Outlook, Inc. believes, expects, anticipates, plans, intends, foresees, it appears, a fact portends that or other similar expressions) are forward-looking statements. These forward-looking statements are based on the current expectations and beliefs of GNYADA or Auto Outlook concerning future developments and their potential e ects on the automobile industry. There can be no assurance that future developments a ecting the automobile industry will be those anticipated by GNYADA or Auto Outlook, Inc. These forward-looking statements are based on the current expectations and beliefs of GNYADA and/or Auto Outlook concerning future developments and their potential e ects on the automobile industry. Consequently, Auto Outlook and GNYADA are not responsible for management decisions based on the content of New and Used Vehicle Auto Outlook. Data provided by: IHS Automotive GNYADA: 718.746.5900 • info@gnyada.com • 18-10 Whitestone Expressway, Whitestone, NY 11357 Media inquiries: Sams Crispe Communications • 212.560.9494 • questions@samscrispe.com

NEW YORK AUTO OUTLOOK Prepared by: Auto Outlook, Inc. PO Box 390 Exton, PA 19341 Editor: Je rey A. Foltz NewYork Auto Outlook is published by the Greater NewYork Automobile Dealers Association and is provided free of charge to all members as an added bene t of Association membership. Copyright GNYADA, June 2015