Continued from page 23 Covering Third Quarter 2022 Page 3 San Diego County New Vehicle Market Dashboard TRACKING ECONOMIC INDICATORS Up $0.83 vs. year earlier AUGUST 2021 SU MO TU WE TH FR SA 6.5% Monthly Unemployment Rates in San Diego County JULY 2022 SU MO TU WE TH FR SA 3.1% AUGUST 2022 SU MO TU WE TH FR SA 3.4% Average Hourly Earnings for All Workers in County - Aug. 2022 $36.15 University of Michigan Consumer Sentiment (U.S.) Key Values During Past 10 Years Sources: Bureau of Labor Statistics, University of Michigan, and U.S. Bureau of Econ. Analysis. Percent Change in U.S. Gross Domestic Product Change vs. previous quarter 10 year high - 101.4 (Mar. 2018) Most recent - 58.6 (Sep. 2022) 12 month high - 71.7 (Oct. 2021) Estimated 41,624 new vehicle purchases will be postponed between 2020 & 2023 representing 35% of sales in an average year PENT-UP DEMAND Actual and forecast new retail light vehicle registrations versus hypothetical levels if pandemic did not occur Historical Data Source: AutoCount data from Experian. Projections: Auto Outlook. The County unemployment rate was less than 3.5% in July and August of this year. Wages were up versus year earlier. Consumer sentiment has deteriorated and GDP growth turned negative in 2022. 10 year low - 50.0 (Jun. 2022) -10.0 -5.0 0.0 5.0 10.0 21.1 21.2 21.3 21.4 22.1 22.2 Chg. vs. preceding quarter Quarters shown for each year 137000 138400 140500 143300 119841 139335 125500 132900 2020 2021 2022 2022 Hypothetical if pandemic did not occur Actual results and forecast 24 SAN DIEGO DEALER
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