NYAO September Issue

Data Thru August 2014

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

August Estimate*

July Actual

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.

2014 2013 % chg.

2014 2013 % chg.

2014 2013 % chg.

Industry Total

48,149 43,378 11.0% 46,286 47,046 -1.6% 344,683 331,648 3.9%

Cars

24,735 23,018 7.5% 22,492 24,513 -8.2% 166,290 175,179 -5.1% 23,414 20,360 15.0% 23,794 22,533 5.6% 178,393 156,469 14.0%

Light Trucks

Detroit Three

10,795 9,860 9.5% 12,013 11,001 9.2% 87,132 78,520 11.0% 8,265 7,578 9.1% 8,089 8,653 -6.5% 60,878 60,544 0.6% 25,941 23,102 12.3% 22,920 23,692 -3.3% 173,014 167,489 3.3% 3,148 2,838 10.9% 3,264 3,700 -11.8% 23,659 25,095 -5.7%

European Japanese

Korean

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%

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.

-1.6%

-8% -4%

-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

12%

Metro NY U.S.

2014 2013

The area market increased 3.9% thru August of this year, while the U.S. market was up 6.1%.

10%

11.0

8%

6%

6.4

6.1

5.6

4%

3.9

2%

Monthly registrations increased by an estimated 11% in August 2014.

0%

-1.6

-2%

Change August '14* vs. August '13

Change July '14 vs. July '13

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

Jul

Oct

Jun

Dec

Nov

Aug

May

Sept

* 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.

509,000

489,312

2007 2008 2009 2010 2011 2012 2013 2014

452,076 410,906 351,809 397,196 413,207 461,113 489,312 509,000

-

461,113

410,906

-9.1%

413,207

397,196

-14.3% 12.9%

351,809

4.0%

11.6%

6.0% 4.0%

2007 2008 2009 2010 2011 2012 2013 2014 Forecast

Forecast

NEWVEHICLE SEGMENTS

PG: 3 NEW VEHICLE MARKET : new york auto outlook September 2014 Issue

Detroit Three, European, Japanese, and Korean Brands

Detroit Three Share of Area Market Moves Higher in 2014

60%

Detroit Three

1.6

Korean European DetroitThree Japanese

50%

Japanese

-0.3

40%

30%

European

-0.6

20% Marketshare

10%

Korean

-0.7

0%

1.0

2.0

0.5

1.5

0.0

-1.0

-0.5

*Figures for August 2014 were estimated by Auto Outlook. *Figures for August 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-13

Aug-14

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

Passenger Cars, SUVs, Pickups/Vans

Passenger car market share stays below 50%

60%

SUVs

Pickups/Vans SUVs Passenger Cars

4.3

50%

40%

Pickups/Vans

0.3

30%

20% Marketshare

Passenger Cars

-4.6

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-13

Aug-14

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

Hybrid, Diesel, and Electric Powertrains

Hybrid powertrain vehicle market share holds steady

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

0.0

Marketshare

Hybrid

-0.1

0.00

0.05

0.10

0.15

0.20

-0.10

-0.05

Jul-13

Jul-14

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 July vs. YTD ‘13

NEWVEHICLE BRANDS

BRAND REGISTRATIONS REPORT Metro Area New Retail Car and Light Truck Registrations

August Estimate*

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

YTD thru August*

2014*

2013 % change

2014*

2013 % change

2014*

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

48,149 43,378 11.0% 141,357 130,653 8.2% 344,683 331,648 3.9%

24,735 23,018

7.5%

69,818 68,802

1.5%

166,290 175,179 -5.1%

23,414 20,360

15.0%

71,539 61,851

15.7%

178,393 156,469 14.0%

10,795 9,860

9.5%

35,058 30,222

16.0%

87,132 78,520 11.0%

8,265

7,578

9.1%

25,283 23,958

5.5%

60,878 60,544 0.6%

25,941 23,102

12.3%

71,469 67,125

6.5%

173,014 167,489 3.3%

3,148

2,838

10.9%

9,547

9,348

2.1%

23,659 25,095 -5.7%

1,163 1,064 2,184

1,231

-5.5% 27.0% 15.5% -6.8% -14.5%

2,970 3,015 6,487 1,825 6,038 1,936 2,068 896

3,454 2,613 5,965 1,910 5,603 2,337 1,948 844

-14.0% 15.4%

7,766 7,352

8,823 -12.0% 6,502 13.1%

838

1,891

8.8% 6.2% -4.5% 7.8%

15,391 14,881 3.4%

290 600

311 702

2,195 4,368

2,159

1.7%

4,811 -9.2%

1,925

1,868

3.1% 8.0% -1.8%

14,614 14,360 1.8%

718 558 105

665 568 126

-17.2%

4,882 5,282

5,182 -5.8% 5,305 -0.4%

6.2%

-16.7%

348

416

-16.3%

930

966

-3.7%

2,645

2,530

4.5%

8,395 2,216

7,912 1,702

6.1%

21,712 21,840 -0.6%

660

574

15.0%

30.2% -0.8% 2.0% -7.8% -27.2% 59.6%

5,355

4,638 15.5%

7,979 2,148

7,559 1,949

5.6%

21,083 21,244

49,721 51,490 -3.4% 16,665 18,281 -8.8%

10.2% -19.8% -28.0% 54.8% 9.3% -5.4% 14.6% 15.9% 15.2% -13.4% 33.6% 20.0% 42.3% 44.3% 27.3% 61.9% 10.0% -9.2% -6.4% 69.6% 3.7%

6,732 2,460

6,601 2,667

684

853

6,890

6,856

0.5%

67

93

209

287

560

711

-21.2%

2,945

1,903

9,309 2,787 1,025 5,017 1,051 2,637 7,806

5,833 2,747

22,336 14,919 49.7%

972 297

889 314

1.5%

6,966 2,528

6,814 2,340

2.2% 8.0%

898

14.1% 18.6%

1,770

1,545

4,230

11,953 10,154 17.7%

366 833

353 719

982

7.0%

2,609 6,367

2,325 12.2% 5,362 18.7%

2,145 6,543

22.9% 19.3% -5.7% 45.5% 36.8% 62.1% 28.6% 16.5% -22.7% -18.1% 68.9% 6.6% 7.9%

2,363

2,051

19,026 16,905 12.5%

155 155

179 116

634 556

672 382

1,416 1,443

1,622 -12.7% 1,088 32.6%

5,410

4,510

14,081 13,212

35,534 33,793 5.2%

259 518

182 359

811

593

1,779 3,894

1,661

7.1%

1,639 5,064

1,011 3,939

2,522 54.4%

1,661

1,305

12,171 9,880 23.2%

34

21

134

115

303

392

-22.7%

5,786 1,407

5,260 1,550

17,097 15,841

40,658 39,989 1.7% 8,556 11,451 -25.3%

3,530

4,564 1,076

233 195

249 115

881 620

2,050 1,411

2,649 -22.6%

367

977

44.4%

Top ten ranked brands are shaded.

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

PG: 5 NEW VEHICLE MARKET : new york auto outlook September 2014 Issue

NEWVEHICLE BRANDS

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

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

10.0

Jeep

49.7

Honda

14.4

U.S. Area

13.5

Subaru

23.2

Toyota

11.8

7.7

Mazda

18.7

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

Nissan

10.3

4.4

17.7

Lexus

Jeep

6.5

12.6

GMC

15.5

Ford

6.3

Mercedes’area market share was 5.5% versus 2.1% in the Nation.

2.1

Audi

13.1

Mercedes

5.5

4.4

Mercedes

Hyundai

12.5

4.8

2.1

5.2

Nissan

BMW

4.5

10.4

BMW

3.4

Chevrolet

4.2

2.1

Kia

2.2

Lexus

3.5 3.6 3.5

1.8

Chevrolet

Subaru

2.3 2.5 1.1 2.3

1.7

Toyota

Volkswagen

In niti

0.5

Acura

1.2

-0.4

Dodge

Audi

2.1

0.8

-0.6

Ford

In niti

2.0

3.8

Honda

-3.4

Kia

2.0 2.1

Chrysler

-5.8

Mazda

1.8

3.0

Hyundai

GMC

-8.8

1.6

3.2

-12.0

Acura

Dodge

1.5

1.3

Volkswagen

-25.3

Chrysler

1.4

-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 August ‘14 were estimated by Auto Outlook.

USED VEHICLE REPORT

METRO AREA USED CAR AND LIGHT TRUCK REGISTRATIONS July MayThru July YTDThru July 2014 2013 % change Current Previous % change 2014 2013 % change

46,682 58,035 -19.6% 149,694 150,230 -0.4% 338,600 350,840 -3.5 %

INDUSTRY TOTAL

Cars

26,300 33,187 -20.8% 84,011 85,476 -1.7% 188,111 199,577 -5.7% 20,382 24,848 -18.0% 65,683 64,754 1.4% 150,489 151,263 -0.5% 16,141 20,645 -21.8% 52,468 54,497 -3.7% 120,785 130,176 -7.2% 7,642 8,806 -13.2% 24,343 22,945 6.1% 52,919 52,541 0.7% 20,848 26,209 -20.5% 66,379 66,844 -0.7% 150,691 154,435 -2.4% 2,051 2,375 -13.6% 6,504 5,944 9.4% 14,205 13,688 3.8% 3,400 4,108 -17.2% 10,099 10,270 -1.7% 19,816 21,004 -5.7% 3,607 4,386 -17.8% 10,522 10,857 -3.1% 21,378 22,923 -6.7% 5,111 5,919 -13.7% 16,761 15,926 5.2% 37,205 35,813 3.9% 1,892 2,257 -16.2% 6,458 5,893 9.6% 16,426 15,088 8.9% 1,617 2,822 -42.7% 5,153 7,240 -28.8% 11,620 16,767 -30.7% 31,055 38,543 -19.4% 100,701 100,044 0.7% 232,155 239,245 -3.0%

Light Trucks

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

Used New

19.1

14.8

2.5

4.9

5.3

4.4

-5.6

-11.5

-11.8

-13.6

-19.6

Q2 '13

Q3 '13

Q4 '13

Q1 '14

Q2 '14

Q3 '14

* New vehicle figures for theThird Quarter of 2014 are thru August. (August figures were estimated). Used vehicles include July ‘14 only.

Year-To-Date Comparison (thru July)

YTD change in used vehicle registrations

Used down -3.5%

YTD change in new vehicle registrations

New up 2.9%

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

COUNTY MARKETS (NEW & USED VEHICLES)

PG: 7 NEW & USED VEHICLE MARKET : new york auto outlook September 2014 Issue

COUNTY NEW AND USED MARKETS

New Retail Registrations

Used Retail Registrations

May ‘14 May ‘13

YTD ‘14

YTD ‘13

May ’14 May ‘13

YTD ‘14

YTD ‘13

Thru

Thru

%

Thru

Thru

%

Thru

Thru

%

Thru

Thru

%

Jul ’14 Jul ‘13 Change

Jul

Jul

Change

Jul ’14 Jul ‘13 Change

Jul

Jul

change

Bronx

5,622 5,000 12% 12,079 11,032 9% 11,870 11,560 3% 27,944 13,530 12,788 6% 28,684 27,914 3% 17,023 16,900 1% 38,044

27,801 1% 39,613 -4% 18,031 -10% 53,928 -7% 58,371 -4% 12,856 0% 16,432 -10% 85,632 -2% 38,176 1%

Brooklyn

Manhattan

7,957 7,475 6% 16,182 15,571 4%

7,503 7,850 -4% 16,243

Nassau Queens

29,010 28,296 3% 63,281 63,656 -1% 22,101 22,806 -3% 50,037 19,305 17,871 8% 40,657 38,805 5% 24,441 25,081 -3% 55,832

Rockland

6,007 5,604 7% 12,790 12,306 4% 9,398 8,955 5% 20,827 20,727 0%

5,628 5,589 1% 12,831 6,443 6,751 -5% 14,810

Staten Island

Suffolk

28,549 26,865 6% 62,716 59,542 5% 37,338 36,922 1% 84,259 18,227 17,903 2% 39,318 38,717 2% 17,347 16,771 3% 38,600

Westchester

TOTAL

137,605 130,757 5% 296,534 288,270 3% 149,694 150,230 0% 338,600 350,840 -3%

Data Source: Polk.

Top three are shaded.

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

Brand

Bronx

Brooklyn Manhattan

Nassau

Queens

Rockland Staten Island Suffolk

Westchester

Honda Toyota Nissan

17.4 18.0 12.8

17.9 16.0 10.5

9.2

12.6

16.6 16.9 13.3

13.7 15.1 10.2

14.8

12.0 10.3 10.0

15.0

10.4

9.3

8.5

9.0 6.3 7.3 6.2 6.4 3.2 6.2 3.8 6.8 3.8 2.2 4.0 3.0 2.2 1.6 1.8 1.2 1.7 0.7 1.0 0.8 0.8 0.8 0.7 0.9 0.6 0.3 0.7 0.4

5.0 6.0 4.9 2.4 9.8 2.3 2.9 4.3 2.6 2.1 5.5 1.3 0.9 1.3 1.2 1.1 0.7 1.3 0.3 0.6 2.9 0.3 1.3 2.2 0.3 1.0 1.4

10.7

12.2

Jeep Ford

5.1 6.2 3.0 5.6 2.5 4.3 2.6 2.2 2.1 3.0 0.8 1.3 2.4 1.3 2.5 1.1 1.2 0.8 0.3 0.5 0.3 0.7 0.2 0.1 1.0 0.2 0.2

4.4 5.2 4.7 3.2 4.1 3.0 2.4 5.6 2.0 2.0 1.3 3.2 1.7 1.3 1.6 0.8 3.3 0.7 0.5 0.7 0.9 0.3 0.5 0.4 0.6 0.4 0.5

7.2 5.9 6.8 5.3 4.8 4.0 3.0 3.5 2.4 2.2 2.6 2.3 1.7 2.2 1.5 2.5 1.3 1.8 1.2 0.7 0.8 0.9 0.7 0.5 0.3 0.3 0.4

5.1 4.4 4.9 5.1 3.6 3.7 2.9 3.4 2.2 2.4 1.4 2.1 1.8 1.5 1.7 0.9 1.3 0.9 0.6 0.5 0.6 0.5 0.3 0.3 0.4 0.4 0.3

5.4 7.4 4.8 5.2 3.3 3.3 6.1 2.9 1.6 1.8 1.6 1.4 2.6 2.0 1.5 1.4 2.6 0.9 1.0 0.8 0.4 0.7 0.7 0.2 0.3 0.4 0.4

6.3 9.8 4.7 5.7 3.3 3.6 2.1 4.2 2.5 1.2 1.1 3.1 4.2 1.9 1.5 1.7 1.3 1.2 0.9 1.5 0.5 0.5 0.4 0.3 0.3 0.2 0.3

8.1 8.1 4.1 6.4 3.4 6.7 3.2 2.2 3.0 1.4 1.7 1.5 2.3 2.2 1.9 1.7 1.1 1.5 2.4 0.8 0.5 0.7 0.5 0.4 0.7 0.4 0.2

Mercedes Hyundai

12.6

BMW

Chevrolet

Subaru

Lexus

Volkswagen

Acura

Audi

Infiniti

Kia

Mazda Dodge

GMC

Chrysler Cadillac

Ram

Lincoln

Land Rover

Buick Volvo

Porsche

Mitsubishi

MINI Other

Data Source: Polk.

The top three counties for each brand are shaded.

MODELS (NEW & USED VEHICLES)

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

4,718

12,292

4,240

11,493

4,128

8,895 8,863

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

3,448

8,584

3,187

7,752

2,843

2,791

7,619

6,936

2,301

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

5,683

2,141

Mid Sized cars are the leaders in the used vehicle market. Accord, Altima, and Camry were ranked rst thru third, respectively.

4,446

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

1,866

1,786

1,606 1,572 1,564

3,881 3,878

1,551 1,524 1,478

1,461 1,425

1,000 1,380 1,340

3,000

6,000

9,000 12,000 15,000

0

2,000

3,000

4,000

5,000

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 • info@gnyada.com • 18-10 Whitestone Expressway, Whitestone, NY 11357 Media inquiries: Sams Crispe Communications • 212.560.9494 • questions@samscrispe.com

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