NYAO November Issue

USED VEHICLE REPORT

METRO AREA USED CAR AND LIGHT TRUCK REGISTRATIONS September JulyThru September YTDThru September 2014 2013 % change Current Previous % change 2014 2013 % change

45,185 56,197 -19.6% 149,673 159,403 -6.1% 441,591 452,208 -2.3 %

INDUSTRY TOTAL

Cars

25,072 31,766 -21.1% 83,717 90,885 -7.9% 245,528 257,275 -4.6% 20,113 24,431 -17.7% 65,956 68,518 -3.7% 196,063 194,933 0.6% 15,867 20,380 -22.1% 51,953 57,218 -9.2% 156,597 166,749 -6.1% 7,227 8,487 -14.8% 24,203 24,141 0.3% 69,480 67,876 2.4% 20,047 24,929 -19.6% 66,790 71,430 -6.5% 196,633 199,656 -1.5% 2,044 2,401 -14.9% 6,727 6,614 1.7% 18,881 17,927 5.3% 4,138 4,631 -10.6% 12,008 12,133 -1.0% 28,424 29,029 -2.1% 3,751 4,578 -18.1% 11,914 12,606 -5.5% 29,685 31,143 -4.7% 4,435 5,051 -12.2% 15,596 15,341 1.7% 47,690 45,235 5.4% 1,774 1,995 -11.1% 5,918 5,958 -0.7% 20,452 18,789 8.9% 1,551 2,649 -41.4% 5,149 7,645 -32.6% 15,152 21,590 -29.8% 29,536 37,293 -20.8% 99,088 105,720 -6.3% 300,188 306,422 -2.0%

Light Trucks

PG: 6 new york auto outlook : NEW & USED VEHICLE MARKET November 2014 Issue Detroit Three European Japanese Korean 2-year-old vehicles 3-year-old vehicles 4-year-old vehicles 5-year-old vehicles -15% -10% -5% 0% 5% 10% 15% 20% 12.0 YTD change in new vehicle registrations YTD change in used vehicle registrations

1-year-old or newer vehicles

6-year-old vehicles or older

Data Source: Polk.

As noted on page 8, monthly vehicle registration figures can occasionally be subject to fluctuations, typically due to processing delays by governmental agencies.This has likely contributed to the reported 19.6% decrease in used vehicle registrations.Year-to-date figures will typically be more reflective of actual results.

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

Used New

19.1

14.8

2.5

5.3

4.9

4.4

-5.6

-6.1

-11.8

-11.5

-13.6

Q2 '13

Q3 '13

Q4 '13

Q1 '14

Q2 '14

Q3 '14

Year-To-Date Comparison (thru September)

Used down 2.3%

New up 3.9%

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