Pub. 2 2014 Issue 3

Covering Fourth Quarter 2013 San Diego Auto Outlook '08 to '09 '09 to '10 '10 to '11 '11 to '12 YTD '12 to YTD '13 New -24.3% 12.8% 13.3% 27.5% 10.0% Used 14.7% -5.0% 0.8% 2.8% -7.9% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% -13.2% -16.8% -22.8% -45.8% 21.6% -0.9% 15% -80.0% -60.0% -40.0% -20.0% 0.0% 20.0% 40.0% 7 yrs. old 6 yrs. old 5 yrs. old 4 yrs. old 3 yrs. old 2 yrs. old 1 yr. or newer Percent Change in San Diego County New and Used Retail Registrations USED VEHICLE MARKET REPORT County Retail Used Vehicle Market Fell in 2013 Used vehicle registrations declined 7.9% thru November of 2013 Below is a list of key trends in the San Diego County retail used vehicle market: • Retail used registrations in the county declined 7.9% during the first eleven months of 2013 versus a year earlier. • As shown on the graph below, the county new vehicle market has been growing at a faster pace than the used market for the past four years. New vehicle regis- trations increased by double digit percentages in each of the past four years, while used registrations either declined, or increased slightly. • The sharp decline in new vehicle sales for 2009 has led to short supplies of four year old vehicles, leading to the 45.8% drop in four year old vehicle registrations. • Used light truck registrations fell 9.1%, while cars were off 7.1%. • Toyota Corolla was the best-selling model in the county among 2009 model year vehicles. BMW 3-Series was the leader for 2011 models. • Among the top 15 selling brands, Lexus and Hyundai were the only two to have an increase in used registra- tions last year. Percent Change in County Retail Used Registrations by Vehicle Age, YTD 2013 thru November vs. YTD 2012 San Diego County Retail Used Light Vehicle Registrations YTD thru November Registrations % Change Market Share YTD '12 YTD '13 '12 TO '13 YTD '12 YTD '13 TOTAL 279,649 257,602 -7.9% Cars 167,046 155,218 -7.1% 59.7% 60.3% Light Trucks 112,603 102,384 -9.1% 40.3% 39.7% Detroit Three 108,686 95,805 -11.9% 38.9% 37.2% European 40,870 39,892 -2.4% 14.6% 15.5% Japanese 119,990 111,871 -6.8% 42.9% 43.4% Korean 10,103 10,034 -0.7% 3.6% 3.9% Source: Polk. Source: Polk. Source: Polk. YTD used registrations are thru August. YTD new registrations are thru September. (September was estimated.)