October 2014 NY Auto Outlook

USED VEHICLE REPORT

METRO AREA USED CAR AND LIGHT TRUCK REGISTRATIONS August JuneThru August YTDThru August 2014 2013 % change Current Previous % change 2014 2013 % change

57,806 45,171 28.0% 160,928 148,916 8.1% 396,406 396,011 0.1 %

INDUSTRY TOTAL

Cars

32,345 25,932 24.7% 90,319 84,913 6.4% 220,456 225,509 -2.2% 25,461 19,239 32.3% 70,609 64,003 10.3% 175,950 170,502 3.2% 19,945 16,193 23.2% 55,886 53,552 4.4% 140,730 146,369 -3.9% 9,334 6,848 36.3% 26,168 22,661 15.5% 62,253 59,389 4.8% 25,895 20,292 27.6% 71,717 66,705 7.5% 176,586 174,727 1.1% 2,632 1,838 43.2% 7,157 5,998 19.3% 16,837 15,526 8.4% 4,470 3,394 31.7% 11,685 10,623 10.0% 24,286 24,398 4,556 3,642 25.1% 12,059 11,351 6.2% 25,934 26,565 -2.4% 6,050 4,371 38.4% 17,527 15,221 15.2% 43,255 40,184 7.6% 2,252 1,706 32.0% 6,598 5,707 15.6% 18,678 16,794 11.2% 1,981 2,174 -8.9% 5,540 7,190 -22.9% 13,601 18,941 -28.2% 38,497 29,884 28.8% 107,519 98,824 8.8% 270,652 269,129 0.6% -0.5

Light Trucks

PG: 6 new york auto outlook : NEW & USED VEHICLE MARKET October 2014 Issue Detroit Three European Japanese Korean 2-year-old vehicles 3-year-old vehicles 4-year-old vehicles 5-year-old vehicles -15% -10% -5% 0% 5% 10% 15% 20% 12.0 YTD change in new vehicle registrations YTD change in used vehicle registrations

1-year-old or newer vehicles

6-year-old vehicles or older

Data Source: Polk.

As noted on page 8, monthly vehicle registration figures can occasionally be subject to fluctuations, typically due to processing delays by governmental agencies.This has likely contributed to the reported 28% increase in used vehicle registrationsYear-to-date figures will typically be more reflective and actual results.

Quarterly Percent Change in Area New and Used Vehicle Markets Second Quarter 2013 thru Third Quarter 2014

Used New

19.1

14.8

2.5

5.3

1.2

4.9

4.4

-5.6

-11.8

-11.5

-13.6

Q2 '13

Q3 '13

Q4 '13

Q1 '14

Q2 '14

Q3 '14

* New vehicle figures for theThird Quarter of 2014 are thru September. (September figures were estimated). Used vehicles include July and August only.

Year-To-Date Comparison (thru August)

Used up 0.1%

New up 3.6%

0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0%

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