October 2014 NY Auto Outlook
RECAP OF AUGUST RESULTS
12% 16% 20%
Percent Change in Area Registrations August 2014 vs. August 2013
0% 4% 8%
11%
8.2%
New retail light vehicle registrations in the Metro Area increased 8.2% in August of ’14 versus a year earlier. Auto Outlook projected that registrations would improve by 11%. Last month’s increase was expected since year- earlier results in the area market tailed off a bit in August. Auto Outlook is projecting that September sales increased by 4% versus a year earlier. We will report on the accuracy of that projection in the November release.
-8% -4%
-2%0 -16% -12%
PG: 2 new york auto outlook : NEW VEHICLE MARKET October 2014 Issue 0 100,000 200,000 300,000 400,000 500,000 600,000 Registrations 452,076 New vehicle registrations 0 10,000 20,000 30,000 40,000 50,000 Apr Mar Feb Jan
Auto Outlook projected % change
Actual % change
RECENT RESULTS IN NEWVEHICLE MARKET
Monthly New Retail Light Vehicle Sales 2013 and 2014*
Percent Change in Area and U.S. New Vehicle Sales
10%
Metro NY U.S.
The area market increased 3.6% thru September of this year, while the U.S. market was up 6.5%.
2014 2013
9.5
8%
8.2
6%
6.5
5.6
4%
3.6
4.0
Monthly registrations increased by an estimated 4% in September 2014.
2%
0%
Change September'14* vs. September '13
Change August '14 vs. August '13
Change YTD '14 thru September* vs. YTD '13
Jul
Oct
Jun
Dec
Sep
Nov
Aug
May
* Figures for September 2014 were estimated by Auto Outlook.
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 19,188 units in 2014.
508,500
489,312
2007 2008 2009 2010 2011 2012 2013 2014
452,076 410,906 351,809 397,196 413,207 461,113 489,312 508,500
-
461,113
410,906
-9.1%
413,207
397,196
-14.4% 12.9%
351,809
4.0%
11.6%
6.1% 3.9%
2007 2008 2009 2010 2011 2012 2013 2014 Forecast
Forecast
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