Continued from page 29 Covering Third Quarter 2022 Page 9 -14.5% -12.5% -24.3% -10.5% 10.3% 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 SAN DIEGO COUNTY USED VEHICLE MARKET County Used Vehicle Market Declined 12.5% Percent Change in New and Used Vehicle Registrations YTD 2022 thru September vs. YTD 2021 Data Source: AutoCount data from Experian. 650 693 707 735 802 836 906 914 985 1187 1438 1458 1552 1691 2223 Toyota Highlander Nissan Rogue Ford Fusion Chevrolet Silverado Honda CR-V Mazda CX-5 Nissan Sentra Tesla Model 3 Ford F-Series Honda Accord Toyota RAV4 Toyota Camry Toyota Tacoma Toyota Corolla Honda Civic TOP SELLING MODELS IN USED VEHICLE MARKET Honda Civic is Top Seller in County Used Vehicle Market The two graphs below show the top 15 selling models in San Diego County for two age classifications: vehicles 4 years old or newer, and 5 to 8 year old vehicles. Honda Civic ranked first in each category. Top 15 Selling Models for Vehicles 4 years Old or Newer YTD 2022 thru September Top 15 Selling Models for 5 to 8 Year Old Vehicles YTD 2022 thru September 462 471 482 515 528 543 545 553 557 566 589 682 729 795 1300 Chevrolet Silverado Ford Focus Kia Optima Bmw 3-Series Volkswagen Jetta Toyota Prius Nissan Sentra Ford F-Series Nissan Altima Toyota Camry Ford Fusion Toyota Tacoma Toyota Corolla Honda Accord Honda Civic TWO KEY TRENDS IN USED VEHICLE MARKET 01. 02. Used vehicle registrations in the county declined 12.5% during the first nine months of this year versus a year earlier, a smaller drop than the 14.5% fall in the new vehicle market. As the year has progressed, strong headwinds have emerged that have impacted used vehicle sales. All of these headwinds are related to vehicle supplies and pricing. Below average new vehicle sales during the past two years have reduced the availability of newer used cars and have resulted in fewer trade ins. In addition, escalating used vehicle prices in 2021 and the first half of this year, combined with a softening economy have cooled demand. Used vehicle prices have softened over the past several months, however, which should provide a mild boost. 30 SAN DIEGO DEALER
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