Pub. 1 2019-2020 Issue 2

35 Covering Fourth Quarter 2018 Page 7 TRACKING THE CALIFORNIA USED VEHICLE MARKET Used Vehicle Market Holds Steady in 2018 Comparison of California New and Used Vehicle Markets - Percent change in registrations (2018 vs. 2017) Percent Change For New Percent Change For Used Used light vehicle reg- istrations in the state fell by 0.4 percent from 2017 to 2018. Used light truck reg- istrations were up 1.6 percent. Cars declined by 1.7 percent. Registrations for 6 year old or newer vehicles were up 5.5 in 2018 vs. 2017 Honda Civic had a big lead over Toyota Camry in the six year old or newer market. Toyota was the brand leader in the six year old or newer market. Ford was second. Source: IHS Source: IHS -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% Down 0.4% 5 KEY TRENDS IN USED MARKET 01. 02. 03. 04. 05. ANALYSIS OF USED VEHICLE REGISTRATIONS BY VEHICLE AGE Three Year Old or Newer Vehicles Accounted for 25.2 Percent of Used Vehicle Market in 2018 Used Vehicle Market Share by Age of Vehicle 2017 and 2018 0.0% 30.0% 60.0% 3 years old or newer 4 to 6 years old 7 to 10 years old Older than 10 years 2017 24.1% 11.7% 14.7% 49.6% 2018 25.2% 12.7% 12.8% 49.3% California Used Light Vehicle Registrations - Annual Totals Registrations % Change Market Share 2017 2018 '17 TO '18 2017 2018 TOTAL 3,735,975 3,722,856 -0.4% Cars 2,208,534 2,171,504 -1.7% 59.1% 58.3% Light Trucks 1,527,441 1,551,352 1.6% 40.9% 41.7% Domestic 1,360,323 1,310,959 -3.6% 36.4% 35.2% European 504,431 524,990 4.1% 13.5% 14.1% Japanese 1,704,789 1,712,407 0.4% 45.6% 46.0% Korean 166,432 174,500 4.8% 4.5% 4.7% Source: IHS Market shares for newer vehicles increased during 2018. New vehicle market is 42 percent larger than 6 year old or newer used. 6 Year Old or Newer Used and New Vehicle Registrations 2018 -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 1 Down 2.2% Data Source: IHS . 1,409,139 2,001,995 0 1,000,000 2,000,000 6 year old or newer used New vehicles