NYAO August Issue

Data Thru July 2014

newyork autooutlook tm a monthly report on vehicle sales in metro new york

July Vehicle Sales Report

metro area new retail car and light truck registrations

July Estimate*

June Actual

YTD thru July*

This table shows new retail light vehicle (car and light truck) registrations in the nine- county New York Metro Area. Figures exclude

2014 2013 % chg.

2014 2013 % chg.

2014 2013 % chg.

Industry Total

50,853 47,087 8.0% 46,953 40,260 16.6% 301,641 288,497 4.6%

Cars

25,416 24,508 3.7% 22,604 21,275 6.2% 144,709 152,199 -4.9% 25,437 22,579 12.7% 24,349 18,985 28.3% 156,932 136,298 15.1%

fleet transactions. * July 2014 figures were estimated by Auto Outlook. Data source: Polk.

Light Trucks

Detroit Three

12,501 11,042 13.2% 12,257 9,385 30.6% 77,257 68,851 12.2% 9,004 8,606 4.6% 8,941 7,701 16.1% 53,353 52,841 1.0% 25,578 23,739 7.7% 22,620 20,364 11.1% 150,014 144,549 3.8% 3,770 3,700 1.9% 3,135 2,810 11.6% 21,017 22,256 -5.6%

European Japanese

Korean

1.) Area new vehicle market increased an estimated 8% in July of 2014 versus a year earlier. U.S. market was up 9.3%. 2.) Area market increased 4.6% during the first seven months of this year versus a year earlier, compared to 6.7% Nationally. 3.) The market is predicted to improve 3.9% from 2013 to 2014. 4.) Light truck market share rose to 52% thru July of this year, up 4.8 points (see page 3). 5.) Honda , Toyota , Nissan , Ford , and Jeep were the new vehicle market share leaders during the first seven months of 2014 (see page 5). 6.) Area used vehicle market fell 0.3% for the first six months of this year.

THIS MONTH’S SUMMARY: The area new vehicle market hit the gas pedal in June of this year. Area new retail light vehicle registrations increased 16.6% in June of 2014 compared to a year earlier, and July is projected to be up 8%. The annual total could approach an impressive 510,000 units.

months 7

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.

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