31 Page 8 California Auto Outlook -17.9% -12.0% -24.5% -8.5% 8.3% 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 California Used Vehicle Market Declined by 12 Percent During First Six Months of 2022 Percent Change in New and Used Vehicle Registrations - YTD ‘22 thru June vs. YTD ‘21 Used vehicle registrations in California fell 12 percent during the first six months of 2022 versus strong year earlier levels. The decline was not as sharp as the 17.9% drop in the new vehicle market. The state used vehicle market should remain relatively stable in 2022. Depleted new vehicle inventories will boost demand for used cars, but historically high prices will limit any possible sales gains. Lower than anticipated new vehicle sales during the past two years due to the pandemic are starting to impact supplies of late model used cars and light trucks. As shown on the graph, registrations for three year old or newer vehicles fell by 24.5 percent. THREE KEY TRENDS IN USED VEHICLE MARKET 01. 02. Data Source: AutoCount data from Experian. CALIFORNIA USED VEHICLE MARKET 03. BEST SELLERS IN CALIFORNIA USED VEHICLE MARKET Market Share for Top 15 Selling Models in State Used Vehicle Market (only includes vehicles 8 yrs. old or newer) - YTD ‘22 thru June 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 8 years old or newer). Honda Civic is Top Seller in California Used Vehicle Market 4.1% 3.1% 2.9% 2.7% 2.1% 1.9% 1.8% 1.6% 1.5% 1.5% 1.3% 1.3% 1.2% 1.1% 1.1% Honda Civic Honda Accord Toyota Camry Toyota Corolla Toyota Tacoma Chevrolet Silverado Toyota RAV4 Ford F-150 Nissan Altima Nissan Sentra Honda CR-V Ford Fusion Ram 1500 Ford Explorer BMW 3-Series
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