NYAO_November_Issue

Data Thru October 2014

NEWYORK AUTOOUTLOOK tm a monthly report on vehicle sales in metro new york

OCTOBER VEHICLE SALES REPORT

metro area new retail car and light truck registrations

October Estimate*

September Actual

YTD thru October*

This table shows new retail light vehicle (car and light truck) registrations in the nine- county New York Metro Area. Figures exclude fleet transactions. * October 2014 figures were estimated by Auto Outlook. Data source: Polk.

2014 2013 % chg.

2014 2013 % chg.

2014 2013 % chg.

Industry Total

40,761 37,742 8.0% 44,793 42,070 6.5% 429,002 411,460 4.3%

Cars

20,455 19,507 4.9% 21,384 21,685 -1.4% 206,502 216,371 -4.6% 20,306 18,235 11.4% 23,409 20,385 14.8% 222,500 195,089 14.1%

Light Trucks

Detroit Three

9,847 9,314 5.7% 11,968 10,290 16.3% 109,867 98,124 12.0% 8,328 7,784 7.0% 7,426 7,478 -0.7% 75,755 75,806 -0.1% 19,857 17,989 10.4% 22,396 21,107 6.1% 213,959 206,585 3.6% 2,729 2,655 2.8% 3,003 3,195 -6.0% 29,421 30,945 -4.9%

European Japanese

Korean

THIS MONTH’S SUMMARY The Metro Area new vehicle market continued its steady growth in September and October of this year, with registrations in both months increasing by more than 6%. The market is on pace to improve by 4% for all of this year versus 2013. EXPANDED COVERAGE BEGINNING WITH NEXT RELEASE OF AUTO OUTLOOK GNYADA now represents three new counties in New York State—Dutchess, Putnam, and Orange. Starting with the December issue of New York Auto Outlook, we will include specific information on those markets.

1. Metro New York area new vehicle market increased an estimated 8% in October of 2014 versus a year earlier. U.S. market was up 6.2%. 2. Area market increased 4.3% during the first ten months of this year versus a year earlier, compared to 6.3% Nationally. 3. The market is predicted to improve 4% from 2013 to 2014. 4. SUV market share rose to 43.3% thru October of this year, up 4.1 points . 5. Jeep , Subaru , Mazda , Lexus , GMC , and Audi registrations increased by 14% or more during the first ten months of 2014. 6. Area used vehicle market was down 2.3% for the first nine months of this year.

months 10

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.

Made with