24 San Diego Dealer Covering First Quarter 2022 Page 3 BMW 4.0% Hyundai 4.5% Subaru 4.6% Kia 4.7% Chevrolet 4.8% Nissan 5.2% Ford 7.9% Honda 10.4% Tesla 10.8% Toyota 16.8% Honda CR-V 1.8% Toyota Camry 2.0% Chevrolet Silverado 2.1% Toyota Corolla 2.2% Honda Accord 2.2% Toyota Tacoma 2.5% Honda Civic 3.1% Toyota RAV4 4.4% Tesla Model 3 4.8% Tesla Model Y 4.9% 1,530,118 1,272,661 1,437,078 1,434,722 1,522,813 Dec-19 May-20 Feb-21 Aug-21 Feb-22 Total Employment in Selected Months 3.0% 15.6% 7.2% 6.6% 4.0% Dec-19 May-20 Feb-21 Aug-21 Feb-22 Unemployment Rate in Selected Months $31.27 $33.25 $34.59 $35.32 $35.72 Dec-19 May-20 Feb-21 Aug-21 Feb-22 Average Hourly Earnings in Selected Months San Diego County New Vehicle Market Dashboard SNAPSHOT OF SAN DIEGO COUNTY ECONOMY As discussed on page one, surging inflation, rising gas prices, and declining consumer sentiment are headwinds for economic growth, but as shown on the three graphs to the left, the San Diego County economy has largely recovered from the downturn caused by the pandemic. Total employment is down just slightly from December of 2019 (before the onset of the pandemic) to February of this year. The unemployment rate was just 4.0%, and wages have increased. Source: U.S. Department of Labor TOP TEN RANKINGS IN COUNTY MARKET Market Share for Top Ten Selling Brands in County Market YTD 2022 thru March Market Share for Top Ten Selling Models in County Market YTD 2022 thru March Data Source: AutoCount data from Experian. Change in total employment from Dec. ‘19 to Feb. ‘22: down 7,305, a 0.4% drop. County unemployment rate was one percentage points higher in Feb. ‘22 vs. Dec. ‘19. Average hourly earnings increased by $4.45 during the past two years. Continued from page 3
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