New York Auto Outlook October 2013

Recent Results in NewVehicle Market

Monthly New Retail Light Vehicle Sales 2012 and 2013*

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

60,000

12%

Metro NY U.S.

2013 2012

The area market has improved at a faster pace than the Nation so far this year.

10.8

10%

10.4

50,000

8.8

PG: 2 new york auto outlook : New Vehicle Market October 2013 Issue 0 100,000 200,000 300,000 400,000 500,000 Registrations 452,076 New vehicle registrations 0 10,000 20,000 30,000 40,000 Mar Feb Jan

8%

8.0

6%

4%

2%

1.8

Monthly registrations were about the same as year earlier levels in September.

0%

-1.0

-2%

Change Sep '13* vs. Sep '12

Change Aug '13 vs. Aug '12

Change YTD '13 (Sep*) vs. YTD '12

Jul

Oct

Jun

Apr

Dec

Sep

Nov

Aug

May

* Figures for September 2013 were estimated by Auto Outlook. Historical data source: Polk.

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 more than 33,000 units in 2013.

495,000

461,785

413,622

410,906

2007

452,076

-

397,596

352,245

2008

410,906

-9.1%

2009

352,245

-14.3%

2010

397,596

12.9%

2011

413,622

4.0%

2012

461,785

11.6%

2013

495,000

7.2%

2007 2008 2009 2010 2011 2012 2013 Forecast

Forecast

Forecast projections derived by Auto Outlook. Historical data source: Polk.

How Data is Compiled All data represents retail vehicle registrations in the New York Metro Area and excludes fleet and wholesale transactions. September 2013 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 (September) is estimated and previous months are actual.