NYAO August Issue

Data Thru July 2014

newyork autooutlook tm a monthly report on vehicle sales in metro new york

July Vehicle Sales Report

metro area new retail car and light truck registrations

July Estimate*

June Actual

YTD thru July*

This table shows new retail light vehicle (car and light truck) registrations in the nine- county New York Metro Area. Figures exclude

2014 2013 % chg.

2014 2013 % chg.

2014 2013 % chg.

Industry Total

50,853 47,087 8.0% 46,953 40,260 16.6% 301,641 288,497 4.6%

Cars

25,416 24,508 3.7% 22,604 21,275 6.2% 144,709 152,199 -4.9% 25,437 22,579 12.7% 24,349 18,985 28.3% 156,932 136,298 15.1%

fleet transactions. * July 2014 figures were estimated by Auto Outlook. Data source: Polk.

Light Trucks

Detroit Three

12,501 11,042 13.2% 12,257 9,385 30.6% 77,257 68,851 12.2% 9,004 8,606 4.6% 8,941 7,701 16.1% 53,353 52,841 1.0% 25,578 23,739 7.7% 22,620 20,364 11.1% 150,014 144,549 3.8% 3,770 3,700 1.9% 3,135 2,810 11.6% 21,017 22,256 -5.6%

European Japanese

Korean

1.) Area new vehicle market increased an estimated 8% in July of 2014 versus a year earlier. U.S. market was up 9.3%. 2.) Area market increased 4.6% during the first seven months of this year versus a year earlier, compared to 6.7% Nationally. 3.) The market is predicted to improve 3.9% from 2013 to 2014. 4.) Light truck market share rose to 52% thru July of this year, up 4.8 points (see page 3). 5.) Honda , Toyota , Nissan , Ford , and Jeep were the new vehicle market share leaders during the first seven months of 2014 (see page 5). 6.) Area used vehicle market fell 0.3% for the first six months of this year.

THIS MONTH’S SUMMARY: The area new vehicle market hit the gas pedal in June of this year. Area new retail light vehicle registrations increased 16.6% in June of 2014 compared to a year earlier, and July is projected to be up 8%. The annual total could approach an impressive 510,000 units.

months 7

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

Recent Results in NewVehicle Market

Monthly New Retail Light Vehicle Sales 2013 and 2014*

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

60,000

20%

Metro NY U.S.

2014 2013

The area market increased 4.6% thru July of this year,

50,000

while the U.S. market was up 6.7%.

15%

PG: 2 new york auto outlook : New Vehicle Market August 2014 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 Apr Mar Feb Jan

16.6

10%

10.2

9.3

8.0

5%

Monthly registrations increased 16.6% in June 2014.

6.7

4.6

0%

Change July '14* vs. July '13

Change June '14 vs. June '13

Change YTD '14 thru July* vs. YTD '13

Jul

Oct

Jun

Dec

Nov

Aug

May

Sept

* Figures for July 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

Area registrations are predicted to increase by 19,300 units in 2014.

509,000

489,700

2007 2008 2009 2010 2011 2012 2013 2014

452,076 410,906 352,245 397,596 413,622 461,785 489,700 509,000

-

461,785

-9.1%

410,906

413,622

397,596

-14.3% 12.9%

352,245

4.0%

11.6%

6.0% 3.9%

2007 2008 2009 2010 2011 2012 2013 2014 Forecast

Forecast

How Data is Compiled All data represents retail vehicle registrations in the New York Metro Area and excludes fleet and wholesale transactions. July 2014 figures 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 figures can occasionally be subject to fluctuations, 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 figures will typically be more reflective of market results. For year-to-date figures, most recent month (July) is estimated and previous months are actual.

NewVehicle Segments

PG: 3 New Vehicle Market : new york auto outlook August 2014 Issue

Detroit Three, European, Japanese, and Korean Brands

Detroit Three Share of Area Market Improves 1.7 Share Points

60%

Detroit Three

1.7

Korean European DetroitThree Japanese

50%

Japanese

-0.4

40%

30%

European

-0.6

20% Marketshare

10%

Korean

-0.7

0%

1.0

2.0

0.5

1.5

0.0

-1.0

-0.5

*Figures for July 2014 were estimated by Auto Outlook. *Figures for July 2014 were estimated by Auto Outlook.

Jul-13

Jul-14

Jan-13

Jan-14

Sep-12

Nov-12

Nov-13

Mar-13

Mar-14

May-13

May-14

Sept-13

Change in share: YTD ‘14 thru July vs. YTD ‘13

Passenger Cars, SUVs, Pickups/Vans

Passenger car market share declines by nearly 5 points

60%

SUVs

Pickups/Vans SUVs Passenger Cars

4.5

50%

40%

Pickups/Vans

0.4

30%

20% Marketshare

Passenger Cars

-4.8

10%

0

4.5

7.0

2.0

-5.5

-0.5

-8.0

-3.0

Jul-13

Jul-14

Jan-13

Jan-14

Sep-12

Nov-12

Nov-13

Mar-13

Mar-14

May-13

May-14

Sept-13

Change in share: YTD ‘14 thru July vs. YTD ‘13

Hybrid, Diesel, and Electric Powertrains

Diesel powertrain vehicle market share increases in 2014

0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0%

Electric Diesel Hybrid

Diesel

0.2

Electric

-0.1

Marketshare

Hybrid

-0.1

0.00

0.05

0.10

0.15

0.20

-0.10

-0.05

Oct-12

Oct-13

Jun-13

Jun-14

Apr-13

Apr-14

Feb-13

Feb-14

Dec-12

Dec-13

Aug-12

Aug-13

Change in share: YTD ‘14 thru June vs. YTD ‘13

newvehicle brands

Brand Registrations Report Metro Area New Retail Car and Light Truck Registrations

July Estimate*

Three Month Period (May‘14 thru July‘14)

YTD thru July*

2014*

2013 % change

2014*

2013 % change

2014*

2013 % change

TOTAL

50,853 47,087

8.0% 142,508 130,862 8.9% 301,641 288,497 4.6%

PG: 4 new york auto outlook : New Vehicle Market August 2014 Issue Cars Light Trucks Domestic Brands European Brands Japanese Brands Korean Brands Acura Audi BMW Buick Cadillac Chevrolet Chrysler Dodge FIAT Ford GMC Honda Hyundai Infiniti Jaguar Jeep Kia Land Rover Lexus Lincoln Mazda Mercedes MINI Mitsubishi Nissan Porsche Ram Subaru Tesla Toyota Volkswagen Volvo Other

25,416 24,508

3.7%

70,519 68,933

2.3%

144,709 152,199 -4.9%

25,437 22,579

12.7%

71,989 61,929

16.2%

156,932 136,298 15.1%

12,501 11,042

13.2%

35,542 30,582

16.2%

77,257 68,851 12.2%

9,004

8,606

4.6%

26,063 24,647

5.7%

53,353 52,841 1.0%

25,578 23,739

7.7%

70,935 65,935

7.6%

150,014 144,549 3.8%

3,770

3,700

1.9%

9,968

9,698

2.8%

21,017 22,256 -5.6%

948 991

1,162

-18.4% 10.9% 8.9% 6.6% -3.6% 6.7% 16.3% 1.8% -0.6% 8.4% 20.9% -3.1% 13.4% 17.6% 12.4% 16.0% 14.0% -3.7% 19.5% 10.5% 10.8% 16.3% 25.9% 55.2% -15.3% -18.1% 93.3% 9.7% 0.6% 9.0% -27.9% 39.7% 5.8%

2,815 3,073 6,739 1,715 6,011 2,179 2,252 836

3,420 2,673 5,985 1,802 5,428 2,530 2,083 788

-17.7% 15.0% 12.6% 6.1% -4.8% 10.7% -13.9% 24.9% -2.6% -1.7% 13.7% -16.1% 54.6% 14.8% 17.0% 17.2% 17.7% 18.7% 21.2% -8.5% 41.9% 14.7% 11.6% 47.8% 28.8% 16.2% -28.0% -15.7% 59.4% 8.1% 10.0% 6.3% 7.8%

6,622 6,374

7,594 -12.8% 5,669 12.4%

894

2,373

2,179

13,522 12,880 5.0%

290 694

272 720

1,922 3,808

1,845

4.2%

4,112 -7.4%

2,094 1,080

1,962

12,827 12,530 2.4%

929 741 177

4,597 4,818

4,523 4,746

1.6% 1.5% 8.9%

754 176

461

419

915

840

3,112

2,870

8,879 2,072

8,351 1,659

19,605 19,422 0.9%

752

622

4,666

4,068 14.7%

6,528 2,642

6,736 2,625

20,119 20,652

41,771 43,939 -4.9% 14,774 16,332 -9.5%

6,906 2,863

7,024 2,518

922

846 111

6,409

6,014

6.6%

80

251

299

526

620

-15.2%

3,060 1,137

2,190 1,075

9,045 3,071 1,030 4,557 1,115 2,591 8,177

5,850 2,674

19,305 13,020 48.3%

6,252 2,235

5,924 2,035

5.5% 9.8%

373

329

880

1,703

1,448

3,887

10,207 8,610 18.5%

389 877

346 756

947

2,308 5,482

1,984 16.3% 4,643 18.1%

2,183 6,747

2,802

2,457

16,853 14,809 13.8%

257 190

267 159

700 576

765 406

1,291 1,274

1,446 -10.7%

972

31.1%

6,017

5,443

14,776 12,884

31,903 29,392 8.5%

215 407

194 350

750

672 962

1,465 3,243

1,481 -1.1% 2,165 49.8%

1,422 5,106

1,891

1,502

3,964

10,716 8,581 24.9%

45

29

172

148

293

372

-21.2%

6,232 1,193

5,682 1,409

17,257 16,010

35,350 34,753 1.7%

3,380

4,695 1,158

7,180 1,884 1,244

9,901 -27.5% 2,404 -21.6%

397 232

485 120

976 636

399

871

42.8%

Top ten ranked brands are shaded.

Data Source: Polk. *July ’14 figures are estimated.

PG: 5 New Vehicle Market : new york auto outlook August 2014 Issue

newvehicle brands

Percent Change in Area Registrations YTD ‘14 thru July* vs. YTD ‘13 Top 20 Selling Brands

Area and U.S. New Vehicle Market Share YTD ‘14 thru July* Top 20 Selling Brands

13.8

Jeep

48.3

Honda

9.7

U.S. Area

11.7

Subaru

24.9

Toyota

13.5

10.6

Lexus

18.5

Jeep, Subaru, Lexus, Mazda, and GMC each had big increases so far this year.

Nissan

7.7

6.5

18.1

Mazda

Ford

12.6

6.4

GMC

14.7

Jeep

4.4

Nissan’s area market share was 10.6% versus 7.7% in the Nation.

5.6

Mercedes

13.8

Mercedes

2.2

4.9

Audi

Hyundai

12.4

4.4

4.5

8.5

Nissan

BMW

2.2

4.3

In niti

6.6

Chevrolet

10.5

3.6 3.6

Kia

5.5

Subaru

3.4

5.0

BMW

Lexus

2.0

2.4

2.4

Chevrolet

Volkswagen

2.2

2.2

Toyota

1.7

Acura

1.1

2.1

1.6

Chrysler

Audi

1.2

2.1

1.5

Dodge

In niti

0.8

2.1

Ford

0.9

Kia

3.8

1.8

Honda

-4.9

Mazda

2.1

1.6

Hyundai

Dodge

-9.5

3.3

1.5

-12.8

Acura

Chrysler

1.3

1.5

Volkswagen

-27.5

GMC

3.1

-30% -20% -10% 0% 10% 20% 30% 40% 50%

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

Market Share

% change in new retail light vehicle registrations

Figures for July ‘14 were estimated by Auto Outlook.

USED VEHICLE REPORT

METRO AREA USED CAR AND LIGHT TRUCK REGISTRATIONS June AprilThru June YTDThru June 2014 2013 % change Current Previous % change 2014 2013 % change

INDUSTRY TOTAL

56,440 45,710 23.5% 150,101 142,579 5.3% 291,918 292,805 -0.3%

Cars

31,674 25,794 22.8% 84,067 81,147 3.6% 161,811 166,390 -2.8% 24,766 19,916 24.4% 66,034 61,432 7.5% 130,107 126,415 2.9% 19,800 16,714 18.5% 53,333 52,592 1.4% 104,644 109,531 -4.5% 9,192 7,007 31.2% 24,258 21,855 11.0% 45,277 43,735 3.5% 24,974 20,204 23.6% 66,082 62,562 5.6% 129,843 128,226 1.3% 2,474 1,785 38.6% 6,428 5,570 15.4% 12,154 11,313 7.4% 3,815 3,121 22.2% 9,371 9,153 2.4% 16,416 16,896 -2.8% 3,896 3,323 17.2% 9,760 9,624 1.4% 17,771 18,537 -4.1% 6,366 4,931 29.1% 16,953 15,256 11.1% 32,094 29,894 7.4% 2,454 1,744 40.7% 6,764 5,725 18.1% 14,534 12,831 13.3% 1,942 2,194 -11.5% 5,142 6,829 -24.7% 10,003 13,945 -28.3% 37,967 30,397 24.9% 102,111 95,992 6.4% 201,100 200,702 0.2%

Light Trucks

Detroit Three

European Japanese

PG: 6 new york auto outlook : New & used Vehicle Market August 2014 Issue Korean 2-year-old vehicles 3-year-old vehicles 4-year-old vehicles 5-year-old vehicles 6-year-old vehicles or older -15% -10% -5% 0% 5% 10% 15% 20% Q1 '13 8.2 -4.0 YTD change in new vehicle registrations YTD change in used vehicle registrations

1-year-old or newer vehicles

Data Source: Polk.

Quarterly Percent Change in Area New and Used Vehicle Markets First Quarter 2013 thru Second Quarter 2014

Used New

19.0

14.8

11.8

5.1

5.3

2.5

-5.6

-11.5

-11.8 -13.6

Q2 '13

Q3 '13

Q4 '13

Q1 '14

Q2 '14

Year-To-Date Comparison (thru June)

Used down 0.3%

New up 3.9%

-0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0%

County Markets (New & used vehicles)

PG: 7 New & used Vehicle Market : new york auto outlook August 2014 Issue

COUNTY NEW AND USED MARKETS

New Retail Registrations

Used Retail Registrations

Apr ‘14 Apr ‘13

YTD ‘14

YTD ‘13

Apr ’14 Apr ‘13

YTD ‘14

YTD ‘13

Thru

Thru

%

Thru Jun

Thru

%

Thru

Thru

%

Thru Jun

Thru

%

Jun ’14 Jun ‘13 Change

Jun Change

Jun ’14 Jun ‘13 Change

Jun change

Bronx

4 %

5,671 4,974 14% 10,238 13,457 12,711 6% 24,394

9,263

11% 12,249 11,319 8% 24,381

23,487

Brooklyn

33,158 -1 % 14,993 -7 % 45,097 -4 % 48,757 -1 %

23,522 12,993

4% 6%

16,948 16,088 5% 32,825

Manhattan

8,003 7,410

8% 13,785

7,422

7,323

1% 13,937

Nassau Queens

28,127 28,105 0% 53,194 19,104 17,350 10% 34,431

53,620 -1%

22,164 21,536 3% 43,118 24,756 23,809 4% 48,205

32,360 10,317 17,304 49,799 32,232

6% 5% 2% 7% 3%

Rockland

4 %

5,906 5,550 9,150 8,841

6% 10,857 3% 17,574

5,615 6,433

5,232

7% 11,049

10,649

Staten Island

13,889 -8 %

6,492 -1% 12,723

Suffolk

2 % 5 %

28,137 26,553 6% 53,106 17,955 17,445 3% 33,209

37,210 35,123 6% 72,548 17,304 15,657 11% 33,132

71,345 31,430

Westchester

TOTAL

135,510 128,939 5% 250,788 241,410 4% 150,101 142,579 5% 291,918 292,805 0%

Data Source: Polk.

Top three are shaded.

new vehicle market share in area counties Top 30 Selling Brands in Area, YTD 2014 Thru June

Brand

Bronx

Brooklyn Manhattan

Nassau

Queens

Rockland Staten Island Suffolk

Westchester

Honda Toyota Nissan

17.6 18.1 13.1

18.2 15.9 10.8

9.2

12.5

16.5 16.6 13.4

13.7 15.1 10.1

14.8

12.0 10.1 10.1

14.9

10.4

9.1

8.3

8.9 6.4 6.2 7.2 6.4 3.2 6.2 3.8 6.8 3.7 2.2 4.1 2.2 3.1 1.6 1.8 1.2 1.7 0.7 1.0 0.8 0.8 0.8 0.7 0.9 0.6 0.2 0.6 0.4

5.1 5.2 5.9 2.3 9.8 2.3 2.8 4.2 2.5 2.1 1.3 5.5 0.8 1.2 1.4 1.1 0.7 1.2 0.3 0.6 2.9 0.4 1.4 2.1 0.3 1.0 1.3

10.9

12.7

Ford Jeep

6.2 5.0 3.0 5.5 2.3 4.2 2.6 2.1 2.0 3.0 1.3 0.8 2.5 1.4 2.5 1.1 1.1 0.7 0.3 0.5 0.3 0.7 0.3 0.1 0.9 0.2 0.2

5.2 4.1 4.6 3.2 4.1 2.9 2.3 5.5 2.0 2.0 3.4 1.3 1.8 1.3 1.7 0.7 3.3 0.7 0.5 0.7 0.8 0.3 0.5 0.4 0.6 0.4 0.5

5.9 7.2 6.8 5.2 4.7 4.1 3.1 3.5 2.4 2.3 2.4 2.7 1.7 2.2 1.5 2.4 1.4 1.8 1.2 0.7 0.7 0.9 0.7 0.5 0.3 0.3 0.4

4.9 5.1 4.9 5.0 3.6 3.7 2.9 3.2 2.1 2.4 2.1 1.4 1.8 1.5 1.7 0.9 1.3 0.9 0.6 0.5 0.6 0.5 0.3 0.4 0.4 0.4 0.3

7.3 5.5 4.7 5.2 3.3 3.4 6.1 2.9 1.7 1.9 1.5 1.9 2.6 1.9 1.4 1.4 2.7 0.9 1.0 0.8 0.4 0.7 0.6 0.2 0.3 0.4 0.4

9.8 6.1 4.6 5.7 3.3 3.5 2.1 4.1 2.6 1.3 3.2 1.1 4.1 1.9 1.5 1.7 1.3 1.1 0.8 1.4 0.5 0.6 0.4 0.3 0.3 0.2 0.3

8.4 8.0 4.1 6.4 3.4 6.7 3.2 2.1 3.0 1.4 1.6 1.7 2.4 2.2 1.9 1.6 1.1 1.5 2.4 0.8 0.5 0.7 0.5 0.4 0.7 0.4 0.2

Mercedes Hyundai

12.6

BMW

Chevrolet

Subaru

Lexus

Volkswagen

Acura

Infiniti

Audi

Kia

Mazda Dodge

GMC

Chrysler Cadillac

Ram

Lincoln

Land Rover

Buick Volvo

Porsche

Mitsubishi

MINI Other

Data Source: Polk.

The top three counties for each brand are shaded.

Models (new & used vehicles)

New Vehicles Top 25 New Models - YTD 2014 thru June

Used Vehicles Top 25 Used Models - YTD 2014 thru June

Toyota RAV4 Toyota Camry Nissan Rogue Jeep Grand Cherokee Honda Civic Nissan Altima Honda CR-V Honda Accord

Toyota Corolla Nissan Rogue BMW 3-Series Honda CR-V Honda Civic Toyota Camry Nissan Altima Honda Accord

4,038

10,382

3,573

9,733

3,563

7,650

2,937

7,445

7,147 6,712

2,704

2,445

2,425

6,369

5,651

1,958

PG: 8 new york auto outlook : New & used Vehicle Market July 2014 Issue 0 Nissan Path nder Ford Fusion Hyunadai Elantra Ford Explorer JeepWrangler Nissan Sentra Toyota Highlander Subaru Forester Toyota Corolla Mercedes E-Class Ford Escape Honda Odyssey Lexus RX Honda Pilot Toyota Sienna Jeep Cherokee Hyundai Sonata 4,689 3,763 3,662 3,510 3,477 3,394 3,371 3,321 3,282 3,238 3,219 2,982 2,975 2,944 2,846 2,777 2,658

In niti G Lexus RX Hyundai Elantra Ford Escape Honda Odyseey Volkswagen Jetta Nissan Maxima Mercedes E-Class Nissan Sentra BMW 5-Series Ford E-Series Toyota RAV4 Jeep Grand Cherokee Mercedes C-Class Toyota Sienna Honda Pilot Hyundai Sonata

1,805

Accord, Altima, and Camry ranked rst, second, and third for used vehicles, followed by Civic and CR-V.

1,705 1,696

Honda Accord was the best selling new vehicle, followed by CR-V, Altima, and Civic.

1,633 1,604 1,594

1,511

1,362 1,329 1,324

1,306 1,299 1,281

1,230 1,217

1,155 1,137

2,000 4,000 6,000 8,000 10,000 12,000

0

1000

2000

3000

4000

5000

Used light vehicle registrations

New retail light vehicle registrations

NEW YORK AUTO OUTLOOK Prepared by: Auto Outlook, Inc. PO Box 390 Exton, PA 19341 Editor: Jeffrey 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 benefit of Association membership. Copyright GNYADA, August 2014

Any material quotedmust be attributed to Auto Outlook and GNYADA. New and UsedVehicle 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 effects on the automobile industry. There can be no assurance that future developments affecting 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 effects 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: Polk 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