Pub 12 2023-2024 Issue 1

Page 2 San Diego Auto Outlook San Diego Auto Outlook Published by: Auto Outlook, Inc. PO Box 390, Exton, PA 19341 Phone: 610-640-1233 EMail: jfoltz@autooutlook.com Editor: Jeffrey A. Foltz Information quoted must be attributed to San Diego Auto Outlook, published by Auto Outlook, Inc. on behalf of the New Car Dealers Association San Diego County, and must also include the statement: “Data sourced from Experian Automotive.” At Auto Outlook, we strive to provide sound and accurate analyses and forecasts based upon the data available to us. However, our forecasts are derived from thirdparty data and contain a number of assumptions made by Auto Outlook and its management, including, without limitation, the accuracy of the data compiled. As a result, Auto Outlook can make no representation or warranty with respect to the accuracy or completeness of the data we provide or the forecasts or projections that we make based upon such data. Auto Outlook expressly disclaims any such warranties, and undue reliance should not be placed on any such data, forecasts, projections, or predictions. Auto Outlook undertakes no obligation to update or revise any predictions or forecasts, whether as a result of any new data, the occurrence of future events, or otherwise. San Diego County New Vehicle Market Dashboard San Diego County New Vehicle Market Dashboard -10.0 -5.0 0.0 5.0 10.0 21.1 21.2 21.3 21.4 22.1 22.2 22.3 22.4 23.1 23.2 Chg. vs. preceding quarter Quarter COUNTY MARKET VS. U.S. San Diego County UP 9.2% U.S. UP 7.0% % Change In New Retail Market YTD 2023 thru September vs. YTD 2022 New retail light vehicle registrations in San Diego County increased by 9.2% during the first nine months of this year, higher than the 7.0% improvement in the Nation. Data sourced from Experian Automotive. TRACKING ECONOMIC INDICATORS Up $0.38 vs. year earlier AUGUST 2022 SU MO TU WE TH FR SA 3.5% Monthly Unemployment Rates in San Diego County JULY 2023 SU MO TU WE TH FR SA 3.9% AUGUST 2023 SU MO TU WE TH FR SA 4.3% Average Hourly Earnings for All Workers in County - Aug. 2023 $36.36 Sources: Bureau of Labor Statistics, University of Michigan, and U.S. Bureau of Econ. Analysis. The county unemployment rate was 4.3% in August of this year. Wages were up slightly versus year earlier. Consumer sentiment remains subdued, while GDP growth has stayed positive during the past four quarters. University of Michigan Consumer Sentiment (U.S.) Key Values During Past 10 Years 10 year high - 101.4 (Mar. 2018) Most recent - 67.7 (Sept. 2023) 12 month high - 71.6 (July 2023) 10 year low - 50.0 (Jun. 2022) Percent Change in U.S. Gross Domestic Product Change vs. previous quarter NCDA.COM 25

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