Pub. 3 2021-2022 Issue 3

33 Page 8 California Auto Outlook California Used Vehicle Market is Up 8.7% So Far This Year; Registrations for Older Vehicles Up Sharply Percent Change in New and Used Vehicle Registrations - YTD 2021 thru Sept. vs. YTD ‘20 Used vehicle registrations in California were up 8.7% during the first nine months of this year versus a year earlier, below the 23.8% increase in the new vehicle market. Used vehicle sales should hold up considerably better than new vehi- cles for the remainder of the year. Three year old or newer used vehicle registrations declined slightly during the first nine months of this, while registrations of older vehicles increased sharply THREE KEY TRENDS IN USED VEHICLE MARKET 01. 02. Data Source: AutoCount data from Experian. CALIFORNIA USED VEHICLE MARKET 23.8% 8.7% -2.9% 21.0% 26.0% New vehicles All used vehicles 3 year old or newer used vehicles 4 to 6 year old used vehicles 7 to 10 year old used vehicles 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 3 yrs. old or newer 4 to 6 yrs. old USED VEHICLE BRAND MARKET SHARE Brand Market Share for Top 15 Selling Brands, by Vehicle Age (YTD ‘21 thru September) Chevrolet market share was high- er for 4 to 6 year old vehicles. Data Source: AutoCount data from Experian. The graph below shows used light vehicle registrations by brand for two age categories: vehicles newer than three years old, and vehicles four to six years old. Brands are positioned from left to right based on market share for three year old or newer vehicles. Toyota was the best-selling brand for 3 year old or newer vehicles. Toyota is Top Seller in California Used Vehicle Market 03.