NEWYORK AUTOOUTLOOK tm a monthly report on vehicle sales in metro new york
AUGUST VEHICLE SALES REPORT
metro area new retail car and light truck registrations
YTD thru August*
This table shows new retail light vehicle (car and light truck) registrations in the nine- county New York Metro Area. Figures exclude fleet transactions. * August 2014 figures were estimated by Auto Outlook. Data source: Polk.
1.) Area new vehicle market increased an estimated 11% in August of 2014 versus a year earlier. U.S. market was up 5.6%. 2.) Area market increased 3.9% during the first eight months of this year versus a year earlier, compared to 6.1% Nationally. 3.) The market is predicted to improve 4% from 2013 to 2014. 4.) Light truck market share rose to 51.8% thru August of this year, up 4.6 points . 5.) Honda , Toyota , Nissan , Jeep , and Ford were the new vehicle market share leaders during the first eight months of 2014 (see page 5). 6.) Area used vehicle market fell 3.5% for the first seven months of this year. months 8
THIS MONTH’S SUMMARY: Registrations in July of this year were down 1.6% compared to 2013. The market rebounded in August with registrations increasing an estimated 11%. The annual total this year should easily exceed 500,000 units and increase around 4% from 2013.
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.
RECAP OF JULY RESULTS
12% 16% 20%
Percent Change in Area Registrations July 2014 vs. July 2013
0% 4% 8%
New retail light vehicle registrations in the Metro Area slipped 1.6% in July of ’14 versus a year earlier. Auto Outlook projected that registrations would increase by 8%.Why the discrepancy? Registrations were particularly strong in July of 2013, and as a result, the market was unable to exceed those levels in July of this year. As expected the market continued its strong performance in July, with registrations exceeding 46,000 units, but that total was not quite high enough to exceed strong year-earlier results.
-20% -16% -12%
PG: 2 new york auto outlook : NEW VEHICLE MARKET September 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 50,000 Apr Mar Feb Jan
Auto Outlook projected % change
Actual % change
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 3.9% thru August of this year, while the U.S. market was up 6.1%.
Monthly registrations increased by an estimated 11% in August 2014.
Change August '14* vs. August '13
Change July '14 vs. July '13
Change YTD '14 thru August* vs. YTD '13
* Figures for August 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 19,688 units in 2014.
BRAND REGISTRATIONS REPORT Metro Area New Retail Car and Light Truck Registrations
Three Month Period (Jun‘14 thru Aug‘14)
YTD thru August*
2013 % change
2013 % change
2013 % change
PG: 4 new york auto outlook : NEW VEHICLE MARKET September 2014 Issue TOTAL 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 September 2014 Issue Detroit Three European Japanese Korean 2-year-old vehicles 3-year-old vehicles 4-year-old vehicles 5-year-old vehicles -20% -15% -10% -5% 0% 5% 10% 15% 20% 12.0
1-year-old or newer vehicles
6-year-old vehicles or older
Data Source: Polk.
Quarterly Percent Change in Area New and Used Vehicle Markets Second Quarter 2013 thru Third Quarter 2014
* New vehicle figures for theThird Quarter of 2014 are thru August. (August figures were estimated). Used vehicles include July ‘14 only.
New Vehicles Top 25 New Models - YTD 2014 thru July
Used Vehicles Top 25 Used Models - YTD 2014 thru July
Honda Civic Honda CR-V Honda Accord
Toyota Corolla BMW 3-Series Nissan Rogue Honda CR-V Honda Civic Toyota Camry Nissan Altima Honda Accord
PG: 8 new york auto outlook : NEW & USED VEHICLE MARKET September 2014 Issue 0 Ford Fusion BMW 3-Series Hyunadai Elantra Ford Explorer Nissan Sentra JeepWrangler Toyota Highlander Toyota Corolla Subaru Forester Honda Odyssey Ford Escape Mercedes E-Class Lexus RX Honda Pilot Toyota Sienna Jeep Cherokee Hyundai Sonata Toyota RAV4 Nissan Rogue Toyota Camry Jeep Grand Cherokee Nissan Altima 3,739 3,590 3,540 3,401 3,384 32,32 3,202
Mercedes M-Class In niti G Hyundai Elantra Ford Escape Honda Odyssey Nissan Maxima Mercedes E-Class Volkswagen Jetta Nissan Sentra BMW 5-Series Ford E-Series Toyota RAV4 Jeep Grand Cherokee Toyota Sienna Mercedes C-Class Honda Pilot Hyundai Sonata
Mid Sized cars are the leaders in the used vehicle market. Accord, Altima, and Camry were ranked rst thru third, respectively.
2,017 1,971 1,933 1,882
4,292 4,179 4,129
Three Hondas were at the top of the new vehicle sales chart this year (Accord, CR-V, and Civic).
3,991 3,985 3,929
1,606 1,572 1,564
1,551 1,524 1,478
1,000 1,380 1,340
9,000 12,000 15,000
Used light vehicle registrations
New retail light vehicle registrations
HOW DATA IS COMPILED All data represents retail vehicle registrations in the New York Metro Area and excludes fleet and wholesale transactions. August 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 (August) is estimated and previous months are actual. Historical registration figures were recently updated by Polk, and will differ slightly from those presented in previous issues.
Any material quoted must be attributed to Auto Outlook and GNYADA. New and Used Vehicle 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 • email@example.com • 18-10 Whitestone Expressway, Whitestone, NY 11357 Media inquiries: Sams Crispe Communications • 212.560.9494 • firstname.lastname@example.org
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, September 2014