March NY Auto Outlook

Data Thru February 2015

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

FEBRUARY VEHICLE SALES REPORT

metro area new retail car and light truck registrations

February Estimate*

January Actual

YTD thru Feb*

2015 2014 % chg.

2015 2014 % chg.

2015 2014 % chg.

Industry Total

39,104 36,546 7.0% 36,517 36,942 -1.2% 75,621 73,488 2.9%

Cars

15,713 15,837 -0.8% 15,965 16,732 -4.6% 31,678 32,569 -2.7% 23,391 20,709 13.0% 20,552 20,210 1.7% 43,943 40,919 7.4%

This table shows new retail light vehicle (car and light truck) registrations in the twelve-county New York Metro Area. Figures exclude fleet transactions. * February 2015 figures were estimated by Auto Outlook.

Light Trucks

Detroit Three

10,625 10,417 2.0% 10,308 10,372 -0.6% 20,933 20,789 0.7% 5,830 5,482 6.3% 5,651 5,865 -3.6% 11,481 11,347 1.2% 20,043 18,249 9.8% 18,369 18,195 1.0% 38,412 36,444 5.4% 2,606 2,398 8.7% 2,189 2,510 -12.8% 4,795 4,908 -2.3%

European Japanese

Korean

Data Source: IHS Automotive

THIS MONTH’S SUMMARY: After treading water in 2014, the Metro Area used vehicle market got off to a good start in 2015, with used registrations increasing 5.1% in January of this year versus a year earlier. Five-year-old vehicles led the recovery, with registrations improving 19.9%. Extremely cold weather held back the new vehicle market in January, as new retail registrations declined slightly versus a year earlier. The market is expected to post a small increase in February, with more increases likely in the Spring.

1.) Area new vehicle market increased an estimated 7% in February of 2015 versus a year earlier. 2.) Area market increased 2.9% from during the first two months of this year versus a year earlier, compared to 3.6% Nationally. The market is predicted to improve 3.2% from 2014 to 2015. 3.) SUV market share rose to 48.7% thru February of this year, up two percentage points from a year earlier. 4.) Chrysler , Lexus , GMC , Subaru , Acura , and Jeep registrations were up by more than 10% during the first two months of this year. 5.) Area used vehicle market increased 5.1% in January.

The Greater NewYork Automobile Dealers Association (GNYADA) represents nearly 400 franchised new car dealerships in Metro NewYork with combined annual sales totaling over $27 billion. GNYADAmembers 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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