Continued from page 29 Covering Second Quarter 2022 Page 9 -13.6% -9.8% -23.9% -8.4% 15.9% 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 SAN DIEGO COUNTY USED VEHICLE MARKET County Used Vehicle Market Declined 9.8% in First Half of 2021 Percent Change in New and Used Vehicle Registrations YTD 2022 thru June vs. YTD 2021 Data Source: AutoCount data from Experian. 3 KEY TRENDS IN USED VEHICLE MARKET 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 4 yrs. old or newer 5 to 8 yrs. old USED VEHICLE BRAND MARKET SHARE Toyota Stays On Top of County Used Vehicle Market Brand Market Share for Top 15 Selling Brands, by Vehicle Age (YTD 2022 thru June) Ford market share was higher for 5 to 8 year old vehicles. Data Source: AutoCount data from Experian. The graph below shows used light vehicle registrations by brand for two age categories: vehicles newer than four years old, and vehicles five to eight years old. Brands are positioned from left to right based on market share for four year old or newer vehicles. Toyota was the best-selling brand for 4 year old or newer vehicles. 01. Used vehicle registrations in San Diego County fell 9.8% during the first six months of 2022 versus strong year earlier levels. The decline was not as sharp as the 13.6% 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 23.9%. 02. 03. 30 San Diego Dealer
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