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.
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
Metro NY U.S.
The area market increased 4.6% thru July of this year,
while the U.S. market was up 6.7%.
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
Monthly registrations increased 16.6% in June 2014.
Change July '14* vs. July '13
Change June '14 vs. June '13
Change YTD '14 thru July* vs. YTD '13
* 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.
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.
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
Korean European DetroitThree Japanese
*Figures for July 2014 were estimated by Auto Outlook. *Figures for July 2014 were estimated by Auto Outlook.
Change in share: YTD ‘14 thru July vs. YTD ‘13
Passenger Cars, SUVs, Pickups/Vans
Passenger car market share declines by nearly 5 points
Pickups/Vans SUVs Passenger Cars
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
Change in share: YTD ‘14 thru June vs. YTD ‘13
Brand Registrations Report Metro Area New Retail Car and Light Truck Registrations
Three Month Period (May‘14 thru July‘14)
YTD thru July*
2013 % change
2013 % change
2013 % change
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
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
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
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
Accord, Altima, and Camry ranked rst, second, and third for used vehicles, followed by Civic and CR-V.
Honda Accord was the best selling new vehicle, followed by CR-V, Altima, and Civic.
1,633 1,604 1,594
1,362 1,329 1,324
1,306 1,299 1,281
2,000 4,000 6,000 8,000 10,000 12,000
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 • firstname.lastname@example.org • 18-10 Whitestone Expressway, Whitestone, NY 11357 Media inquiries: Sams Crispe Communications • 212.560.9494 • email@example.com