Covering data thru June, 2023 Page 3 Georgia New Vehicle Market Dashboard TRACKING ECONOMIC INDICATORS Up $0.68 vs. year earlier MAY 2022 SU MO TU WE TH FR SA 2.9% Monthly Unemployment Rates in Georgia APRIL 2023 SU MO TU WE TH FR SA 3.1% MAY 2023 SU MO TU WE TH FR SA 3.2% Average Hourly Earnings for All Workers in State - May 2023 $30.27 Sources: Bureau of Labor Statistics, University of Michigan, and U.S. Bureau of Econ. Analysis. Estimated 118,771 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 and ensuing supply chain shortages had not occurred Data sourced from Experian Automotive. Projections: Auto Outlook. The Georgia unemployment rate was 3.2% in May of this year. Wages were up versus year earlier. Consumer sentiment has stabilized and total household wealth increased in the First Quarter of this year. 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.) 380000 387600 399200 411200 352616 403087 342926 360600 2020 2021 2022 2023 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) 45 THE GENERATOR
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