NYAO July Issue

Data Thru June 2014

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

June Vehicle Sales Report

metro area new retail car and light truck registrations

June Estimate*

May Actual

YTD thru June*

This table shows new retail light vehicle (car and light truck) registrations in the nine- county New York Metro Area. Figures exclude fleet transactions. * June 2014 figures were estimated by Auto Outlook. Data source: Polk.

2014 2013 % chg.

2014 2013 % chg.

2014 2013 % chg.

Industry Total

41,065 40,260 2.0% 44,702 43,515 2.7% 244,900 241,410 1.4%

Cars

21,215 21,275 -0.3% 22,499 23,150 -2.8% 117,904 127,691 -7.7% 19,850 18,985 4.6% 22,203 20,365 9.0% 126,996 113,719 11.7%

Light Trucks

Detroit Three

9,415 9,385 0.3% 10,784 10,155 6.2% 61,914 57,809 7.1% 7,810 7,701 1.4% 8,118 8,340 -2.7% 43,218 44,235 -2.3% 20,947 20,364 2.9% 22,737 21,832 4.1% 122,763 120,810 1.6% 2,893 2,810 3.0% 3,063 3,188 -3.9% 17,005 18,556 -8.4%

European Japanese

Korean

1.) Area new vehicle market increased an estimated 2% in June of 2014 versus a year earlier. U.S. market was up 1.3%. 2.) Area market increased 1.4% during the first six months of this year versus a year earlier, compared to 4.6% Nationally. 3.) The market is predicted to improve 3.7% from 2013 to 2014 . 4.) Light truck market share rose to 51.9% thru June 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 half of 2014 (see page 5). 6.) Area used vehicle market fell 4.7% for the first five months of this year.

THIS MONTH’S SUMMARY: As mentioned in the June release of Auto Outlook, new vehicle registrations in the Metro Area are at very high levels, which has made it difficult for the market to post a significant percentage increase this year. Auto Outlook is predicting that the market will increase by less than 4% for all of 2014. Industry registrations, however, are expected to exceed 508,000 units, which beats the 2007 total by more than 50,000 units

months 6

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.

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