Pub. 2 2020-2021 Issue 1

39 Covering Third Quarter 2019 Page 7 TRACKING THE CALIFORNIA USED VEHICLE MARKET Used Vehicle Market Increased By Less Than 1 Percent During First Nine Months of 2019 Comparison of California New and Used Vehicle Markets - Percent change in registrations (YTD ‘19 thru September vs. YTD ‘18) Percent Change For New Percent Change For Used Used light vehicle reg- istrations in the state were up 0.8 percent thru September of 2019. Used light truck reg- istrations were up 3.8 percent. Cars declined by 1.4 percent. Registrations for 6 year old or newer vehicles were up 5.0 percent so far this year. Honda Civic was the best seller in the six year old or newer mar- ket, while Toyota RAV4 had a big increase. 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% Up 0.8% 5 KEY TRENDS IN USED MARKET 01. 02. 03. 04. 05. ANALYSIS OF USED VEHICLE REGISTRATIONS BY VEHICLE AGE Market Share for 4 to 6 Year Old Vehicles Increases Used Vehicle Market Share by Age of Vehicle YTD ‘19 thru September vs. YTD ‘18 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 YTD '18 24.5% 12.8% 12.8% 49.9% YTD '19 24.4% 14.5% 12.4% 48.7% California Used Light Vehicle Registrations - YTD thru September Registrations % Change Market Share YTD '18 YTD '19 '18 TO '19 YTD '18 YTD '19 TOTAL 2,888,943 2,911,268 0.8% Cars 1,691,533 1,667,925 -1.4% 58.6% 57.3% Light Trucks 1,197,410 1,243,343 3.8% 41.4% 42.7% Domestic 1,019,290 1,013,650 -0.6% 35.3% 34.8% European 405,515 417,675 3.0% 14.0% 14.3% Japanese 1,327,886 1,341,586 1.0% 46.0% 46.1% Korean 136,252 138,357 1.5% 4.7% 4.8% Source: IHS Market share for 4 to 6 year old vehicles increased by 1.7 share points in ‘19. New vehicle market is 25.9 percent larger than 6 year old or newer used. 6 Year Old or Newer Used and New Vehicle Registrations YTD ‘19 thru September -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 1 Down 5.1% Data Source: IHS. 1,134,109 1,427,578 0 500,000 1,000,000 1,500,000 6 year old or newer used New vehicles