Pub 5 2023 Issue 2

California Auto Outlook 0 50,000 100,000 150,000 200,000 250,000 300,000 Retail Light Trucks Retail Passenger Cars Fleet Light Trucks Fleet Passenger Cars Registrations YTD '21 YTD '22 YTD '23 BREAKDOWN OF RETAIL AND FLEET MARKETS California Fleet Market Posted Big Increase in First Quarter of This Year REGIONAL MARKETS IN CALIFORNIA Northern California Market Posted Larger Increase During First Three Months of 2023 San Francisco Bay Area Retail Market was Up by Nearly 10 Percent Data sourced from Experian Automotive. PERCENT CHANGE: YTD ‘23 thru Mar. vs. YTD ‘22 Retail cars: DOWN 1.7% Retail light trucks: UP 2.2% Fleet cars: UP 47.0% Fleet light trucks: UP 35.3% Percent Change in New Retail Registrations - YTD ‘23 vs. YTD ‘22 Northern California Cars UP 1.7% Light trucks UP 3.0% Southern California Cars DOWN 3.2% Light trucks UP 1.7% Data sourced from Experian Automotive. California New Car and Light Truck Retail and Fleet Registrations YTD ‘21, ‘22, & ‘23 thru March New Retail Light Vehicle Registrations (excluding fleets) YTD thru Mar. North and South California YTD '22 YTD '23 % chg. Statewide Total 370,232 373,752 1.0% Cars 117,720 115,777 -1.7% Light Trucks 252,512 257,975 2.2% Northern California 126,601 129,940 2.6% Cars 37,110 37,757 1.7% Light Trucks 89,491 92,183 3.0% Southern California 243,631 243,812 0.1% Cars 80,610 78,020 -3.2% Light Trucks 163,021 165,792 1.7% Selected Regional Markets San Francisco Bay 67,624 74,219 9.8% Cars 21,217 22,952 8.2% Light Trucks 46,407 51,267 10.5% LA and Orange Counties 138,357 140,892 1.8% Cars 47,907 46,734 -2.4% Light Trucks 90,450 94,158 4.1% San Diego County 33,813 33,984 0.5% Cars 9,859 9,586 -2.8% Light Trucks 23,954 24,398 1.9% 39 California New Car Dealer Quarterly

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