35 Page 8 California Auto Outlook California Used Vehicle Market Increased 6.7 Percent in 2021; Small Improvement Expected in 2022 Percent Change in New and Used Vehicle Registrations - 2021 vs. 2020 Used vehicle registrations in California were up 6.7 percent last year, below the 13.3 percent increase in the new vehicle market. Registrations of 4 to 6 year old vehicles increased 21.6 percent in 2021. The 7 to 10 year old market was up 25.2 percent. Tight supplies impacted registrations of 3 year old or newer vehicles, which fell 6 percent vs. 2020. Restricted inventories and record-high prices will likely limit gains in used vehicle sales over the next 12 months. Used vehicle registrations in 2022 should be close to 2021 levels. THREE KEY TRENDS IN USED VEHICLE MARKET 01. 02. Data Source: AutoCount data from Experian. CALIFORNIA USED VEHICLE MARKET 03. 13.3% 6.7% -6.0% 21.6% 25.2% 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 BEST SELLERS IN CALIFORNIA USED VEHICLE MARKET Market Share for Top 15 Selling Models in California Used Vehicle Market (only includes vehicles 6 yrs. old or newer) - 2021 Data Source: AutoCount data from Experian. The graph below shows market shares for the top 15 selling models in the California used vehicle market (only includes vehicles 6 years old or newer). Honda Civic is Top Seller in California Used Vehicle Market 4.3% 3.1% 3.0% 2.7% 2.1% 1.9% 1.7% 1.7% 1.6% 1.3% 1.3% 1.3% 1.3% 1.2% 1.1% Honda Civic Toyota Camry Honda Accord Toyota Corolla Toyota RAV4 Toyota Tacoma Nissan Sentra Chevrolet Silverado Nissan Altima Ford FSeries Ford Fusion Ram Pickup Honda CR-V BMW 3Series Nissan Rogue
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