NYAO September Issue

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