Page 2 Georgia Auto Outlook At Auto Outlook, we strive to provide sound and accurate analyses and forecasts based upon the data available to us. However, our forecasts are derived from third-party data and contain a number of assumptions made by Auto Outlook and its management, including, without limitation, the accuracy of the data compiled. As a result, Auto Outlook can make no representation or warranty with respect to the accuracy or completeness of the data we provide or the forecasts or projections that we make based upon such data. Auto Outlook expressly disclaims any such warranties, and undue reliance should not be placed on any such data, forecasts, projections, or predictions. Auto Outlook undertakes no obligation to update or revise any predictions or forecasts, whether as a result of any new data, the occurrence of future events, or otherwise. Georgia Auto Outlook Published for: Georgia Automobile Dealers Association 2060 Powers Ferry Road, Atlanta, GA 30339 Phone: 770-432-1658 Email: info@gada.com Published by: Auto Outlook, Inc. PO Box 390, Exton, PA 19341 Phone: 610-640-1233 Editor: Jeffrey A. Foltz EMail: jfoltz@autooutlook.com Information quoted must be attributed to Georgia Auto Outlook, published by Auto Outlook, Inc. on behalf of the Georgia Automobile Dealers Association, and must also include the statement: “Data sourced from Experian Automotive.” Copyright Auto Outlook, Inc., July 2024 KEY TRENDS IN GEORGIA NEW VEHICLE MARKET Georgia UP 3.2% U.S. UP 3.4% % Change In New Retail Market YTD 2024 thru June vs. YTD 2023 New retail light vehicle registrations in the state increased 3.2% during the first six months of this year vs. year earlier, almost identical to the 3.4% improvement in the Nation. Data sourced from Experian Automotive. Data sourced from Experian Automotive. SAAR estimates: Auto Outlook. QUARTERLY RESULTS Georgia Quarterly Registrations Seasonally Adjusted Annual Rate, Converted to Equivalent U.S. New Vehicle Market SAAR (millions of units) The graph on the left provides an easily recognizable way to gauge the strength of the state market. It shows quarterly registrations based on a seasonally adjusted annual rate. These figures are then indexed to SAAR sales figures for the U.S. new vehicle market. So just like in the national market, when the quarterly SAAR is above 17 million units, the state market is strong, 15 million is about average, and below 13 million is weak. Equivalent SAAR levels in the state slipped from 15.4 million in the First Quarter of this year to 15.2 million in the Second Quarter. % Change in quarterly registrations vs. year earlier (2Q ‘24 vs. 2Q ‘23) UP 3.9% DOWN 0.6% % Change in registrations vs. previous quarter (2Q ‘24 vs. 1Q ‘24) STATE MARKET VS. U.S. 13.5 14.3 14.5 15.2 15.6 15.3 15.4 15.2 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q2 '24 Millions
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