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.

Recent Results in NewVehicle Market

Monthly New Retail Light Vehicle Sales 2013 and 2014*

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

50,000

8%

Metro NY U.S.

2014 2013

The area market increased 1.4% thru June of this year, while the U.S. market was up 4.6%.

7%

7.4

40,000

6%

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

5%

4%

4.6

3%

2%

Monthly registrations increased slightly in June 2014.

2.7

2.0

1%

1.4

1.3

0%

Change June '14* vs. June '13

Change May '14 vs. May '13

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

Jul

Oct

Jun

Dec

Sep

Nov

Aug

May

* Figures for June 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 18,300 units in 2014.

508,000

489,700

2007 2008 2009 2010 2011 2012 2013 2014

452,076 410,906 352,245 397,596 413,622 461,785 489,700 508,000

-

461,785

-9.1%

410,906

413,622

397,596

-14.3% 12.9%

352,245

4.0%

11.6%

6.0% 3.7%

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. June 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 (June) is estimated and previous months are actual.

NewVehicle Segments

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

Detroit Three, European, Japanese, and Korean Brands

Detroit Three Share of Area Market Moves Higher

60%

Detroit Three

1.4

Korean European DetroitThree Japanese

50%

Japanese

0.1

40%

30%

European

-0.7

20% Marketshare

10%

Korean

-0.8

0%

0.3

0.6

0.9

1.2

1.5

0.0

-0.9

-0.6

-0.3

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

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

Passenger Cars, SUVs, Pickups/Vans

SUV market share increases 4.5 points thru June of this year

60%

SUVs

Pickups/Vans SUVs Passenger Cars

4.5

50%

40%

Pickups/Vans

0.3

30%

20% Marketshare

Passenger Cars

-4.8

10%

0%

4.5

7.0

2.0

-5.5

-0.5

-8.0

-3.0

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

Hybrid, Diesel, and Electric Powertrains

Hybrid and electric vehicle market share improves in May

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

Jul-12

Jul-13

-0.10

-0.05

Jan-13

Jan-14

Sep-12

Sep-13

Nov-12

Nov-13

Mar-13

Mar-14

May-13

May-14

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

newvehicle brands

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

June Estimate*

Three Month Period (Apr‘ 14 thru Jun‘14)

YTD thru June*

2014*

2013 % change

2014*

2013 % change

2014*

2013 % change

TOTAL

41,065 40,260

2.0% 129,622 128,939 0.5% 244,900 241,410 1.4%

PG: 4 new york auto outlook : New Vehicle Market July 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

21,215 21,275

-0.3%

65,196 68,545

-4.9%

117,904 127,691 -7.7%

19,850 18,985

4.6%

64,426 60,394

6.7%

126,996 113,719 11.7%

9,415

9,385

0.3%

31,083 30,715

1.2%

61,914 57,809 7.1%

7,810

7,701

1.4%

24,273 24,264

0.0%

43,218 44,235 -2.3%

20,947 20,364

2.9%

64,941 64,273

1.0%

122,763 120,810 1.6

2,893

2,810

3.0%

9,325

9,687

-3.7%

17,005 18,556 -8.4%

865

1,063

-18.6% 23.1% 11.7% 18.5%

2,929 3,231 6,154 1,480 5,510 1,812 2,085 811

3,474 2,649 5,910 1,788 5,672 2,348 2,068 835

-15.7% 22.0%

5,663 5,458

6,432 -12.0% 4,775 14.3%

1,086 2,048

882

1,834

4.1% -2.9%

10,832 10,701 1.2%

308 489

260 488

1,606 3,026

1,573

2.1%

0.2% -2.5%

-17.2%

3,392 -10.8%

1,738

1,782

-2.9%

10,360 10,568 -2.0%

656 655 125

743 648 113

-11.7%

-22.8%

3,609 3,921

3,594

0.4%

1.1%

0.8% 4.2% -6.4% -2.3% -1.9% -8.7% 7.0%

4,005 -2.1%

10.6% -5.8% 10.7% -4.3% 3.7% -5.8% -22.6% 27.9% 16.7% 10.3% -2.4% 16.6% 0.3%

401

385

707

663

6.6%

2,405

2,552

7,917 1,735

8,454 1,775

16,024 16,552 -3.2%

561

507

3,702

3,446

7.4%

6,657 2,103

6,954 2,027

20,044 20,430

35,303 37,203 -5.1% 12,036 13,707 -12.2%

6,566 2,834

7,194 2,648

919

976

5,377

5,168

4.0%

65

84

217

259

-16.2% 35.8% 10.5% 17.2%

419

509

-17.7%

2,225

1,740

7,663 2,754

5,644 2,493

15,267 10,830 41.0%

785 300

783 257

4,964 1,814 8,310 1,840 4,511

4,849 1,706

2.4% 6.3%

983

839

1,364

1,237

4,017

3,670

9.5% 2.6%

7,162 16.0% 1,638 12.3% 3,887 16.1%

281 781

288 670

955

931

2,473 7,205

2,181 6,690

13.4%

2,194

2,015

8.9%

7.7%

13,300 12,352 7.7%

185 122

227 107

-18.5% 14.0%

567 496

766 393

-26.0% 26.2% -3.8% 1.1% 25.9%

971

1,179 -17.6%

1,009

813

24.1%

3,530

3,316

6.5%

11,550 12,010

25,096 23,949 4.8%

242 345

218 302

11.0% 14.2%

732

724

1,210 2,602 8,311

1,287 -6.0% 1,815 43.4% 7,079 17.4%

1,260 4,216

1,001 3,835

1,197

1,134

5.6%

9.9% -7.1% 1.8%

74

65

13.8%

156

168

243

343

-29.2%

5,030 1,253

4,905 1,605

2.5%

15,898 15,617

28,694 29,071 -1.3%

-21.9% -10.2% 25.2%

3,583

4,673 1,002

-23.3% -16.4% 33.2%

6,285 1,470

8,492 -26.0% 1,919 -23.4%

308 169

343 135

838 550

413

960

751

27.8%

Top ten ranked brands are shaded.

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

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

newvehicle brands

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

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

14.4

Jeep

41.0

Honda

9.9

U.S. Area

11.7

Subaru

17.4

Toyota

13.4

10.2

Mazda

16.1

Nissan

7.6

6.5

16.0

Lexus

Ford

12.7

6.2

Audi

14.3

Jeep

4.3

Jeep’s area market share was 6.2% versus 4.3% in the Nation.

5.4

Mercedes

7.7

Mercedes

2.2

4.4 4.9

7.4

GMC

Hyundai

4.4

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

4.8

Nissan

BMW

2.2

4.2

In niti

4.0

Chevrolet

10.5

3.4

Kia

2.4

Lexus

2

3.4 3.4

1.2

BMW

Subaru

2.6

0.4

Chrysler

Volkswagen

2.3

2.3

Toyota

-1.3

Acura

1.1

2.2

-2.0

Chevrolet

Audi

1.2

2.2

-2.1

Dodge

In niti

0.8

2.0

Ford

-3.2

Kia

3.8

1.8

Honda

-5.1

Mazda

2.1

1.6

Acura

Dodge

-12.0

3.3

1.5

-12.2

Hyundai

Chrysler

1.3

1.5

Volkswagen

-26.0

GMC

3.0

-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 June ‘14 were estimated by Auto Outlook.

USED VEHICLE REPORT

METRO AREA USED CAR AND LIGHT TRUCK REGISTRATIONS May MarchThru May YTDThru May 2014 2013 % change Current Previous % change 2014 2013 % change

INDUSTRY TOTAL

46,572 46,485 0.2% 154,451 157,339 -1.8% 235,478 247,095 -4.7%

Cars

26,037 26,495 -1.7% 86,198 90,037 -4.3% 130,137 140,596 -7.4 % 20,535 19,990 2.7% 68,253 67,302 1.4% 105,341 106,499 -1.1 %

Light Trucks

Detroit Three

92,817 -8.6 % 36,728 -1.8 %

16,527 17,138 -3.6% 55,405 58,382 -5.1% 84,844

European Japanese

7,509

7,132

5.3% 24,259 23,831 1.8% 36,085

20,557 20,431 0.6% 68,473 69,086 -0.9% 104,869 108,022 -2.9 %

PG: 6 new york auto outlook : New & used Vehicle Market July 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 -5% YTD change in new vehicle registrations YTD change in used vehicle registrations

1.6 %

1,979

1,784 10.9% 6,314

6,040

4.5%

9,680

9,528

1-year-old or newer vehicles

13,775 -8.5 % 15,214 -8.8 %

2,884 3,019 5,284 2,112 1,594

3,041 3,148 5,076

-5.2% 8,584 -4.1% 9,245

9,312 -7.8% 12,601 9,940 -7.0% 13,875

3.1 % 9.0 %

4.1% 17,207 16,365 5.1% 25,728

24,963 11,087

1,892 11.6% 7,305 2,224 -28.3% 5,303

6,573 11.1% 12,080 7,405 -28.4% 8,061

11,751 -31.4 %

31,679 31,104 1.8% 106,807 107,744 -0.9% 163,133 170,305 -4.2 %

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

0.5

2.5

-3.3

-5.6

-11.5

-11.8 -13.6

Q2 '13

Q3 '13

Q4 '13*

Q1 '14*

Q2 '14*

* New vehicle figures are thru June. (June figures were estimated). Used vehicles include April and May ‘14 only.

Year-To-Date Comparison (thru June)

Used down 4.7%

New up 1.3%

1%

-2%

-1%

2%

-3%

0%

-4%

County Markets (New & used vehicles)

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

COUNTY NEW AND USED MARKETS

New Retail Registrations

Used Retail Registrations

Mar‘14 Mar‘13

YTD ‘14

YTD ‘13

Mar’14 Mar‘13

YTD ‘14

YTD ‘13

Thru

Thru

%

Thru May

Thru May

%

Thru

Thru

%

Thru May

Thru May

%

May’14 May‘13 Change

Change

May’14 May‘13 Change

change

Bronx

19,923 -1 % 27,906 -6 % 12,625 -12 % 38,141 -9 % 40,962 -5 %

5,766 5,001 15% 8,355 13,338 12,485 7% 19,705

7,680

9% 2% 2%

13,025 12,900 1% 19,799 17,301 17,657 -2% 26,325

Brooklyn

19,361 10,662

Manhattan

7,486 7,117

5% 10,863

7,499

7,985 -6% 11,100

Nassau Queens

28,594 28,281 1% 43,477 19,092 17,286 10% 27,940

44,810 -3%

22,677 23,697 -4% 34,789 25,838 26,098 -1% 39,016

26,958

4% 2%

Rockland

0 %

5,859 5,578 9,506 9,117

5%

8,784

8,588

5,823 6,786

5,700

2%

8,927

8,957

Staten Island

11,848 -13 % 60,223 -3 %

4% 14,463

14,683 -1%

7,203 -6% 10,342

Suffolk

28,630 27,020 6% 43,332 17,993 17,389 3% 26,916

41,677 26,731

4% 1%

38,167 39,010 -2% 58,595 17,335 17,089 1% 26,585

Westchester

0 %

26,510

TOTAL

136,264 129,274 5% 203,835 201,150 1% 154,451 157,339 -2% 235,478 247,095 -5%

Data Source: Polk.

Top three are shaded.

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

Brand

Bronx

Brooklyn Manhattan

Nassau

Queens

Rockland Staten Island Suffolk

Westchester

Honda Toyota Nissan

17.7 18.7 12.7

18.0 15.8 11.1

9.3

12.4

16.7 16.4 13.4

13.9 15.1 10.0

14.8

11.8 10.1 10.4

15.3

10.3

9.2

8.3

8.9 6.7 6.2 7.2 6.1 3.1 6.0 3.8 6.8 3.7 2.2 4.3 2.2 3.0 1.6 1.7 1.1 1.6 0.8 1.1 0.8 0.9 0.8 0.7 0.9 0.6 0.2 0.4 0.6

5.2 5.5 5.5 2.3 9.8 2.3 2.7 4.2 2.6 2.2 1.4 5.6 0.8 1.2 1.4 1.2 0.7 1.2 0.3 0.7 3.0 0.3 1.3 2.0 0.3 1.3 0.8

11.3

13.2

Ford Jeep

6.4 5.1 2.9 5.4 2.2 4.1 2.7 2.0 1.9 3.1 1.4 0.8 2.5 1.3 2.6 1.1 1.1 0.8 0.3 0.6 0.4 0.7 0.2 0.1 0.8 0.3 0.2

5.3 4.1 4.5 3.2 3.9 2.9 2.3 5.6 2.0 2.1 3.4 1.3 1.8 1.2 1.8 0.7 3.3 0.7 0.4 0.7 0.8 0.3 0.4 0.4 0.6 0.4 0.4

6.0 7.2 6.6 5.2 4.6 4.0 3.1 3.5 2.5 2.4 2.4 2.7 1.7 2.2 1.4 2.4 1.4 1.8 1.2 0.7 0.8 0.9 0.7 0.5 0.3 0.4 0.3

5.1 5.0 4.7 5.0 3.5 3.7 2.9 3.2 2.3 2.5 2.1 1.4 1.8 1.5 1.7 0.9 1.4 0.9 0.6 0.5 0.5 0.5 0.2 0.4 0.4 0.3 0.4

7.4 5.4 4.6 5.4 3.2 3.4 5.9 2.9 1.8 2.0 1.4 2.0 2.6 2.1 1.4 1.2 2.8 0.8 1.1 0.8 0.4 0.6 0.6 0.1 0.3 0.4 0.3

9.9 5.9 4.3 5.7 3.2 3.4 2.0 4.2 2.7 1.3 3.2 1.1 4.1 1.9 1.4 1.8 1.3 1.1 0.8 1.4 0.5 0.6 0.4 0.3 0.3 0.3 0.1

8.4 7.9 3.9 6.6 3.3 6.6 3.2 2.2 3.1 1.5 1.7 1.8 2.4 2.2 1.9 1.6 1.1 1.5 2.3 0.8 0.5 0.7 0.5 0.4 0.7 0.2 0.4

Mercedes Hyundai

13.0

BMW

Chevrolet

Subaru

Lexus

Volkswagen

Acura

Infiniti

Audi

Kia

Mazda Dodge

GMC

Chrysler Cadillac

Ram

Lincoln

Land Rover

Buick Volvo

Porsche

Mitsubishi

Other MINI

Data Source: Polk.

The three brands with the highest market share in each county 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 Nissan Altima Toyota Camry Honda Accord

3,150

8,402

2,903

8,014

2,837

6,444

2,357

5,987

2,170

5,821 5,766

1,959

1,923

5,261

4,620

1,557

PG: 8 new york auto outlook : New & used Vehicle Market July 2014 Issue 0 2,000 Nissan Path nder Ford Fusion JeepWrangler Nissan Sentra Hyundai Elantra Ford Explorer Mercedes E-Class Toyota Highlander Subaru Forester Toyota Corolla Honda Odyssey Ford Escape Honda Pilot Lexus RX Toyota Sienna Jeep Cherokee Hyundai Sonata 3,795 3,033 2,915 2,863 2,840 2,821 2,768 2,756 2,621 2,620 2,537 2,431 2,380 2,368 2,259 2,235 2,187

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

1,411

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

1,357 1,339

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

1,308 1,306 1,280

1,180

1,097 1,095 1,080

1,034 1,031 1,002

966 960

913 896

0 500 1,000 1,500 2,000 2,500 3,000 3,500

4,000

6,000

8,000 10,000

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, July 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