Deputy Seminar, Denver, CO

Auto & Light Truck Sales – H&I Effect (Source: Department of Commerce, in millions)

10 11 12 13 14

Auto Light Truck

4 5 6 7 8 9

Jul-00

Jul-01

Jul-02

Jul-03

Jul-04

Jul-05

Jul-06

Jul-07

Jul-08

Jul-09

Jul-10

Jul-11

Jul-12

Jul-13

Jul-14

Jul-15

Jul-16

Jul-17

Jan-00

Jan-01

Jan-02

Jan-03

Jan-04

Jan-05

Jan-06

Jan-07

Jan-08

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Jan-14

Jan-15

Jan-16

Jan-17

Jan-18

CSBS - 2018 DEPUTY SEMINAR Denver, CO– July 16, 2018

Auto Inventory (Source: Department of Commerce)

5.0

4.5

Inv/Sales

4.0

3.5

3.0

2.5

2.0

1.5

1.0

Jul-07

Jul-08

Jul-09

Jul-10

Jul-11

Jul-12

Jul-13

Jul-14

Jul-15

Jul-16

Jul-17

Jan-07

Jan-08

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Jan-14

Jan-15

Jan-16

Jan-17

Jan-18

CSBS - 2018 DEPUTY SEMINAR Denver, CO– July 16, 2018