March NY Auto Outlook

USED VEHICLE REPORT

METRO AREA USED CAR AND LIGHT TRUCK REGISTRATIONS January November‘14Thru January‘15 AnnualTotals 2015 2014 % change Current Previous % change 2014 2013 % change

41,920 39,902 5.1% 141,325 131,526 7.5% 655,824 653,380 0.4 %

INDUSTRY TOTAL

Cars

22,671 21,733 4.3% 76,886 72,553 6.0% 364,564 371,292 -1.8% 19,249 18,169 5.9% 64,439 58,973 9.3% 291,260 282,088 3.3% 15,206 14,707 3.4% 51,684 49,486 4.4% 239,053 245,907 -2.8% 6,573 5,897 11.5% 21,776 19,474 11.8% 100,408 96,171 4.4% 18,349 17,586 4.3% 61,711 56,971 8.3% 287,526 284,589 1.0% 1,792 1,712 4.7% 6,154 5,595 10.0% 28,837 26,713 8.0% 2,382 2,012 18.4% 13,518 11,346 19.1% 48,562 46,898 3.5% 2,696 2,489 8.3% 11,942 11,243 6.2% 47,611 48,219 -1.3% 4,261 4,405 -3.3% 12,104 11,118 8.9% 65,944 61,178 7.8% 2,956 2,639 12.0% 6,853 5,923 15.7% 29,328 26,173 12.1% 1,701 1,419 19.9% 5,093 5,797 -12.1% 22,423 31,232 -28.2% 27,924 26,938 3.7% 91,815 86,099 6.6% 441,956 439,680 0.5%

Light Trucks

PG: 6 new york auto outlook : NEW & USED VEHICLE MARKET March 2015 Issue Detroit Three European Japanese Korean 2-year-old vehicles 3-year-old vehicles 4-year-old vehicles 5-year-old vehicles -15% -12% -9% -6% -3% 0% 3% 6% 9% -10.4 January change in used vehicle registrations January change in new vehicle registrations

1-year-old or newer vehicles

6-year-old vehicles or older

Data Source: IHS Automotive

Quarterly Percent Change in Area New and Used Vehicle Markets Fourth Quarter 2013 thru First Quarter 2015

Used New

7.5

7.3

6.4

5.2

5.1

4.2

2.9

2.6

-4.8

-5.5

-12.7

Q4 '13

Q1 '14

Q2 '14

Q3 '14

Q4 '14

Q1 '15*

* New vehicle figures for the First Quarter of 2015 are thru February. (February figures were estimated). Used vehicles include January only. Data Source: IHS Automotive

January Comparison

New down 1.2

Used up 5.1%

5%

1%

4%

-1%

0%

3%

6%

2%

-2%

Data Source: IHS Automotive