Covering Second Quarter 2023 Page 3 San Diego County New Vehicle Market Dashboard San Diego County New Vehicle Market Dashboard TRACKING ECONOMIC INDICATORS Up $0.57 vs. year earlier MAY 2022 SU MO TU WE TH FR SA 2.9% Monthly Unemployment Rates in San Diego County APRIL 2023 SU MO TU WE TH FR SA 3.3% MAY 2023 SU MO TU WE TH FR SA 3.5% Average Hourly Earnings for All Workers in County - May 2023 $36.76 Sources: Bureau of Labor Statistics, University of Michigan, and U.S. Bureau of Econ. Analysis. Estimated 45,516 new vehicle purchases will be postponed between 2020 & 2023 representing 36% of sales in an average year PENT-UP DEMAND Actual and forecast new retail light vehicle registrations versus hypothetical levels if pandemic and ensuing supply chain shortages had not occurred Data sourced from Experian Automotive. Projections: Auto Outlook. The county unemployment rate was less than 4% in May of this year. Wages were up versus year earlier. Consumer sentiment has stabilized and total household wealth increased in 1Q ‘23. 0.0 40.0 80.0 120.0 160.0 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 Quarters shown for each year Household Net Worth Trillions of $ (U.S.) 145000 146500 149400 155400 129281 145995 131908 143600 2020 2021 2022 2022 Hypothetical if pandemic did not occur Actual results and forecast University of Michigan Consumer Sentiment (U.S.) Key Values During Past 10 Years 10 year high - 101.4 (Mar. 2018) Most recent - 63.9 (June 2023) 12 month high - 67.0 (Feb. 2023) 10 year low - 50.0 (Jun. 2022) NCDA.COM 23
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