William Maley

Cadillac was one of the first brands to launch a subscription service. Called Book, the service allowed users to access Cadillac's lineup including the Escalade and CTS-V for a monthly fee. But only a year after it launched the program, General Motors is pulling the plug. The Wall Street Journal broke the news this afternoon, learning from sources that the company will end operations of Book by the end of the year. Subscribers will have a 30-day window from the time they notified to turn in their vehicles. A GM spokesman confirmed the closure. According to sources, certain aspects of Book proved to be quite costly. A key example was some of the back-end technology used to support the service "made some customer-service functions tedious and time-consuming, adding costs for the company." This move comes a few days after GM announced that it would be offering voluntary buyouts to 18,000 salaried workers. Analysts say car subscriptions bring a number of headaches with trying to deal with the logistics of keeping vehicles repaired, cleaned, and delivering them within a short time frame. “Some of these services will even transfer your stuff from car to car, from your phone charger to your kid’s stroller. The problems posed in offering that level of service at scale are vast,” said Ivan Drury, senior analyst with Edmunds.com. The GM spokesman told the Wall Street Journal that the program could restart in the future. “We are hitting the pause button for a brief time to make some tweaks to Book [by Cadillac] based on our learnings,” he said. Cadillac isn't the only brand that is rethinking the whole subscription model. Hyundai closed down their program which offered Ioniq Electrics only in California, though the brand is planning a revamped version to appear in the future. Lincoln is looking into making changes to their service which offers off-lease vehicles. Source: Wall Street Journal (Subscription Required) View full article

A new report from the German publication Handelsblatt says that Ford and Volkswagen are considering expanding their partnership "that stands to change the German industry.” The two are reportedly looking into working together on autonomous tech and electric vehicle development. There are a number of ideas under consideration between two. One example is for Volkswagem's Moia self-driving subsidiary to take a 50 percent stake into Ford’s Autonomous Vehicles LLC. In return, Volkswagen could share their MEB toolkit with Ford on electric vehicles. The expansion in the partnership could also see Volkswagen buying combustion engines from Ford in an effort to reduce investments into diesel engines. Why are the two considering this expansion? For one, it would allow the two companies to pool their efforts to catch up with various competitors such as Tesla and Waymo, while saving cash. It is also being seen as a survival tactic in certain markets. Ford is struggling in Europe and South America, while Volkswagen is having issues in North America. Volkswagen's supervisory board will be holding a meeting later this month to consider whether or not it will expand this partnership. Source: Handelsblatt Global View full article

General Motors took a page out Fiat Chrysler Automobiles' playbook by continuing the build the outgoing-generation Chevrolet Silverado and GMC Sierra alongside the next-generation models in an effort to keep sales up. But sooner or later, the previous-generation models will end production. When is that? During GM's third-quarter earnings call, CFO Dhivya Suryadevarat said the automaker would begin winding down production the K2 crew cab models early next year, followed by double cab and regular cab models beginning in "the early second half of next year." GM's Oshawa, Ontario plant has been helping with the production of the outgoing models. According to Automotive News, Oshawa receives unfinished Silverado and Sierra double cab bodies from the Fort Wayne, Indiana plant. Models are painted and undergo final assembly. Known as the "Oshawa shuttle," it started at the beginning of the year and would add heavy-duty pickups and a second production shift in the summer. GM spokeswoman Kim Carpenter told AN the program is expected to "run into late 2019 based on market demand." Production of the next-generation (T1) pickups began in July at Fort Wayne, followed by double cab models last month. GM's Silao, Mexico plant will begin production of the regular and crew cab models in January. Unlike FCA, which experienced a number of problems with the launch of the next-generation Ram 1500, GM was able to deliver 45,000 next-generation pickups in the third-quarter. The big question is what happens to the hourly workers building the trucks at Oshawa. GM declined to comment, but AN speculates they could be laid off or moved to other positions. Source: Automotive News (Subscription Required) View full article

Hyundai Motor America Reports October 2018 Sales Total Sales Up Slightly Retail Sales Increased by 8 Percent October Sales Records for Tucson, Elantra, Ioniq and Total SUV FOUNTAIN VALLEY, Calif., Nov. 1, 2018 – Hyundai Motor America reported October sales of Hyundai- and Genesis-branded vehicles of 53,025 units, a slight increase in comparison with October 2017. Retail deliveries were up 8 percent for the month, while fleet sales were down 22 percent compared with last year. October was the fifth straight month of retails sales growth and total sales have increased in five out of the last six months. Sales by Brand Oct-18 Oct-17 2018 YTD 2017 YTD Hyundai 52,653 51,224 545,445 547,880 Genesis 372 1,786 9,281 16,870 TOTAL 53,025 53,010 554,726 564,750 Hyundai Brand Highlights Hyundai-branded vehicle sales increased by 3 percent, led again by a monthly SUV sales record that rose 8 percent compared with the prior year. Tucson set another monthly record, making it 20 months in a row, with a 32 percent increase. SUV retail sales in October represented 49 percent of total volume versus 40 percent last October. Elantra established a new October high with 18,312 units sold, its sixth straight monthly increase with sales growth of 24 percent. Veloster and Ioniq rounded out the Hyundai models with rising sales, up 55 percent and 25 percent respectively year-over-year. “Hyundai and all of our dealer partners are laser-focused on retail sales and we were pleased to achieve an 8 percent increase in a month we anticipate the retail industry will be down overall,” said John Angevine, director, National Sales, Hyundai Motor America. “In October, we continued our new product blitz, successfully launching Kona Electric, the Nexo fuel cell and the Veloster N. These products are a perfect example of the broad spectrum of Hyundai products that are meeting the needs of eco-friendly and enthusiast customers alike. Our refreshed lineup is successfully driving retail results growth in the back half of this year.” Hyundai Model Sales Vehicle Oct-18 Oct-17 2018 YTD 2017 YTD Accent 1,483 5,485 23,303 50,126 Azera 0 162 627 2,773 Elantra 18,312 14,733 167,191 157,800 Ioniq 1,121 898 12,727 9,327 Kona 4,330 0 32,795 0 Santa Fe 7,728 13,024 96,697 108,679 Sonata 7,265 7,595 88,240 115,313 Tucson 11,493 8,731 115,007 91,570 Veloster 921 596 8,857 11,122 Genesis Model Sales Vehicle Oct-18 Oct-17 2018 YTD 2017 YTD G70 51 0 52 0 G80 217 1,408 7,141 13,246 G90 104 378 2,088 3,624

Mercedes-Benz reports October sales of 27,537 units MBUSA posts 31,814, up 0.9% this month Nov 1, 2018 – ATLANTA: Mercedes-Benz USA (MBUSA) today reported October sales of 27,537 Mercedes- Benz models, a decrease of 4.9% from October 2017. Mercedes-Benz Vans reported best-ever October of 4,182 units (up 71.0%) and smart reported 95 units, bringing MBUSA to a grand total of 31,814 vehicles for the month (up 0.9%). On a year-to-date basis, sales of Mercedes-Benz vehicles totaled 252,921, with an additional 32,205 units for Vans and 1,054 vehicles for smart, bringing the sales volume to 286,180, a decrease of 5.1% from last year. "With increased availability of our MY2019 models over the past weeks, we expect continued momentum in the final months of the year," said Dietmar Exler, president and CEO of MBUSA. Mercedes-Benz volume leaders in October included the GLC, C-Class and E-Class model lines. The GLC took the lead at 5,649, followed by C-Class sales of 5,581. The E-Class rounded out the top three with 4,186 units sold. October sales of Mercedes-AMG high-performance totaled 1,000 units, with 21,738 vehicles sold year-to-date. Mercedes-Benz Passenger Vehicles Oct-18 Oct-17 Monthly % YTD 2018 YTD 2017 Yearly % B-CLASS 1 59 _ 134 602 -77.7% CLA 1,868 1,814 3.0% 19,016 16,506 15.2% C-CLASS 5,581 5,996 -6.9% 47,833 64,946 -26.3% E-CLASS/CLS 4,186 4,681 -10.6% 36,199 41,192 -12.1% S-CLASS 1,486 1,228 21.0% 11,820 11,901 -0.7% SLC 186 192 -3.1% 1,692 2,380 -28.9% SL 218 331 -34.1% 1,787 2,406 -25.7% AMG GT 79 245 -67.8% 1,286 1,144 12.4% GLA 2,093 2,219 -5.7% 19,328 19,236 0.5% GLC 5,649 4,245 33.1% 56,234 37,134 51.4% GLE 3,671 4,817 -23.8% 38,288 43,858 -12.7% GLS 2,142 2,920 -26.6% 16,547 26,381 -37.3% G-CLASS 377 208 81.3% 2,757 3,519 -21.7% TOTAL 27,537 28,955 -4.9% 252,921 271,205 -6.7% Vans1 4,182 2,446 71.0% 32,205 27,673 16.4% smart 95 140 -32.1% 1,054 2,775 -62.0% MBUSA Combined Total Oct-18 Oct-17 Monthly % YTD 2018 YTD 2017 Yearly % GRAND TOTAL 31,814 31,541 0.9% 286,180 301,653 -5.1% 1 Mercedes-Benz, Freightliner Sprinter and Metris Vans are sold and marketed in the U.S. by Mercedes-Benz USA and Daimler Vans USA, respectively.

Subaru of America Reports Record October Sales Record October – monthly sales increase 2.5 percent 83 consecutive months of yearly month-over-month growth Best October ever for Ascent, Crosstrek and Forester 56 consecutive months of more than 10,000 Outbacks sold 63 consecutive months of more than 10,000 Foresters sold November 1, 2018 , Camden, N.J. - Subaru of America, Inc. today reported 55,394 vehicle sales for October 2018, a 2.5 percent increase compared to October 2017. The company also reported year-to-date sales of 558,812 vehicles, a 4.9 percent gain compared to the same period in 2017. October marked the 56th consecutive month of 40,000+ vehicle sales for the company. Ascent, Crosstrek and Forester sales were notably strong as each model achieved its best October ever. Crosstrek posted a 1.6 percent increase, while Forester posted a 19 percent increase compared to October 2017. In addition, 6,008 of the all-new 3-row Ascent SUVs were delivered in October. “In closing out October, we proudly reflect on 83 consecutive months of yearly, month-over-month sales increases for the Subaru brand,” said Thomas J. Doll, President and CEO of Subaru of America, Inc. “Our continued success and monthly sales records are a tribute to the unwavering support of our dedicated retailer network across the country.” “In its first full month of sales, strong momentum from the all-new 2019 Forester helped Subaru achieve another month of sales gains,” said Jeff Walters, Senior Vice President of Sales. “Paired with the continued success of the Ascent, Subaru is well positioned for a promising final quarter of 2018.” Carline Oct-18 Oct-17 % Chg Oct-18 Oct-17 % Chg MTD MTD MTD YTD YTD YTD Forester 15,981 13,430 19.0% 137,905 145,460 -5.2% Impreza 5,499 6,733 -18.3% 65,039 71,322 -8.8% WRX/STI 2,277 2,416 -5.8% 24,234 26,572 -8.8% Ascent 6,008 0 0.0% 22,588 0 0.0% Legacy 2,752 4,538 -39.4% 33,832 41,999 -19.5% Outback 11,574 15,786 -26.7% 149,566 156,277 -4.3% BRZ 254 271 -6.3% 3,184 3,578 -11.0% Crosstrek 11,049 10,871 1.6% 122,464 87,685 39.7% TOTAL 55,394 54,045 2.5% 558,812 532,893 4.9%

Mazda Reports October Sales Results IRVINE, Calif., Nov. 1, 2018 /PRNewswire/ -- Mazda North American Operations (MNAO) today reported total October sales of more than 18,000 vehicles, a decrease of 10 percent compared to October 2017. Year-to-date (YTD) sales through October saw an increase of 8 percent, with more than 232,500 vehicles sold. With 26 selling days in October 2018, versus 25 the year prior, the company posted a decrease of 13 percent on a Daily Selling Rate (DSR) basis. Month-To-Date Year-To-Date October October % % MTD October October % % YTD 2018 2017 Change DSR 2018 2017 Change DSR Mazda3 4,093 4,534 (9.7)% (13.2)% 50,752 58,529 (13.3)% (22.1)% Mazda6 1,856 2,125 (12.7)% (16.0)% 24,474 26,939 (9.2)% (18.4)% MX-5 Miata 553 597 (7.4)% (10.9)% 7,257 9,468 (23.4)% (31.1)% CX-3 1,052 1,278 (17.7)% (20.8)% 13,548 11,806 14.8% 3.1% CX-5 9,271 10,306 (10.0)% (13.5)% 115,461 90,416 27.7% 14.7% CX-9 1,848 1,971 (6.2)% (9.8)% 21,046 18,203 15.6% 3.9% Total Vehicles CARS 6,502 7,257 (10.4)% (13.8)% 82,483 94,946 (13.1)% (21.9)% TRUCKS 12,171 13,555 (10.2)% (13.7)% 150,055 120,425 24.6% 11.9% TOTAL 18,673 20,812 (10.3)% (13.7)% 232,538 215,371 8.0% (3.0)% Selling Days 26 25 256 230

Kia Motors America Announces October Sales Best-Ever October Sales for the Forte Compact IRVINE, Calif., November 1, 2018 – Kia Motors America today announced October sales of 45,102 vehicles, led by Forte with 9,537 units sold, the highest October sales total in company history for the nameplate. In addition, the brand’s popular Rio, Niro and Sportage models each posted double-digit gains of 45-, 11- and 10-percent, respectively, over the same period last year. “With the Forte’s best-ever October sales and three additional models realizing double-digit sales growth, we are confident that Kia’s sales momentum will remain positive well into the first quarter of 2019,” said Bill Peffer, vice president, sales operations, Kia Motors America. “This upward trajectory will be bolstered by the wide variety of new product introductions Kia has scheduled over the coming months that will continue driving traffic and attracting new customers to the Kia brand.” MONTH OF OCTOBER YEAR-TO-DATE Model 2018 2017 2018 2017 Rio 2,405 1,657 19,696 13,609 Forte 9,537 9,219 84,425 101,311 Optima 7,280 7,554 87,125 92,258 Cadenza 207 1,021 4,158 5,464 Stinger 1,345 N/A 14,344 N/A K900 17 23 277 375 Niro 2,164 1,935 24,264 22,605 Sportage 6,626 5,979 68,898 61,736 Sorento 6,560 6,478 92,252 83,791 Sedona 1,010 1,277 15,866 21,197 Soul 7,951 9,254 85,839 99,981 Total 45,102 44,397 497,144 502,327

Porsche Reports October 2018 U.S. Sales Another record month puts Porsche ahead 3.2 percent for first 10 months of the year ATLANTA, Nov. 1, 2018 /PRNewswire/ -- Porsche Cars North America, Inc. (PCNA), importer and distributor of the Porsche 911, 718 Boxster and Cayman, Panamera, Cayenne, and Macan model lines, today announced October retail sales of 4,817 vehicles. This was 2.2 percent higher year-over-year and an all-time October record. For the first 10 months of 2018, U.S. retail sales were up 3.2 percent compared to the same period last year, totaling 47,443. October sales were driven principally by three model lines. Deliveries of the iconic Porsche 911 increased 14.2 percent year-over-year. The Macan was up 9.9 percent and the Cayenne, with the new generation now in showrooms, rose 1.1 percent. "Porsche is having an exciting year as we find new ways to connect with customers," said Klaus Zellmer, President and CEO of PCNA. "Whether it is the powerful new Cayenne or the expanded selection of enthusiast-focused 911 variants, we are thrilled that more drivers and their families want to add a Porsche crest to their lives." Model October Sales Year-to-Date 2018 2017 2018 2017 ALL 911 789 691 7,802 7,221 ALL 718 317 399 4,617 4,264 ALL PANAMERA 541 644 6,910 5,547 ALL CAYENNE 1,215 1,202 8,056 10,916 ALL MACAN 1,955 1,779 20,058 18,004 GRAND TOTALS 4,817 4,715 47,443 45,952

Mitsubishi Motors October sales up 8.4 Percent November 01, 2018 — CYPRESS, California: Mitsubishi Motors North America, Inc. (MMNA) reported October 2018 sales of 8,002 up 8.4 percent compared to October 2017 and its best October since 2007. Calendar years sales are 101,400 units sold an increase of 17.1 percent over the same period in 2017. The volume leader for the month was Outlander Sport with 2,605 units sold, up 2.7 percent over last October. For the year, Outlander Sport is up 28.1 percent. Mitsubishi's family of CUVs are up 27.1 percent through October over the same period in 2017. Oct. YTD 2018 2017 2018 2017 Mirage 1730 1768 21046 20155 Lancer 0 679 3302 11312 Outlander Sport Sport 2605 2537 34012 26551 Outlander 2152 2397 32962 28552 Outlander PHEV 309 0 3359 0 Eclipse Cross 1206 0 6719 0 Total 8002 7381 101400 86576

VOLKSWAGEN OF AMERICA REPORTS OCTOBER 2018 SALES RESULTS Sales totaled 29,000 units, an increase of 4.6 percent compared to October 2017 Year-to-date sales totaled 295,228 units, an increase of 5.4 percent over 2017 SUV sales totaled 12,419, making up 43 percent of sales Sales of the all-new Tiguan totaled 7,097 units Jetta sales totaled 10,148 units Atlas sales totaled 4,725 units CPO sales totaled 8,062 units, an increase of 32 percent over 2017 Herndon, VA — (Nov. 1, 2018) Volkswagen of America, Inc. (VWoA) today reported sales of 29,000 units in October, an increase of 4.6 percent over October 2017. With 295,228 units year-to-date, sales have now risen 5.4 percent this year to date. Led by Atlas and Tiguan, SUVs made up 43 percent of VWoA’s sales. The total of 12,419 SUVs sold last month marks a 38 percent increase over October 2017, when SUV sales made up just 33 percent of sales. Through October, the all-new Tiguan is the volume leader with 74,329 units sold year-to-date. Atlas sales reached 47,727 for the year. “Our SUVs have given us a lift all year,” said Derrick Hatami, executive vice president of sales, marketing and after sales for VWoA. “As we've shifted the portfolio over the past year with the Atlas and the new Tiguan, we’ve been able to move fairly quickly to be more in line with demand and consumers are responding.” Jetta sales led the brand for the month of October with 10,148 units, up 10 percent over 2018, as the all-new 2019 model continued to hit its stride with consumers. October 2018 Sales Oct. 18 Oct. 17 Yr/Yr% change Oct. 18 YTD Oct. 17 YTD Yr/Yr% change Golf 390 857 -55% 6,061 11,994 -50% GTI 1,293 2,006 -36% 14,594 18,820 -23% Golf R 144 31 365% 3,264 2,686 22% e-Golf 62 203 -70% 902 2,902 -69% Golf SportWagen 1,116 1,600 -30% 12,537 23,771 -47% Total Golf Family 3,005 4,697 -36% 37,358 60,173 -38% Jetta Sedan 10,148 9,217 10% 71,266 100,213 -29% Jetta SportWagen (now Golf SportWagen) N/A N/A N/A 71 N/A N/A Total Jetta 10,148 9,217 10% 71,337 100,212 -29% Beetle Coupe 458 489 -6% 7,843 7,361 7% Beetle Convertible 338 307 10% 5,103 5,904 -14% Total Beetle 796 796 0% 12,946 13,265 -2% EOS* N/A N/A N/A N/A 1 N/A Passat 2,602 3,937 -34% 36,129 54,567 -34% CC 30 58 -48% 439 1,240 -65% Tiguan Limited 489 1,263 -61% 13,084 21,943 -40% 2018 Tiguan 7,097 3,848 84% 74,329 10,032 641% Touareg 108 252 -57% 1,879 2,860 -34% Atlas 4,725 3,664 29% 47,727 15,895 200% Total Car 16,581 18,705 -11% 158,206 229,458 -31% Total SUV 12,419 9,027 38% 137,019 50,730 170% TOTAL 29,000 27,732 5% 295,228 280,188 5% *Eos production ended in July 2015

Jaguar Land Rover North America - Up 25.4% (10,494 Vehicles Sold This Month, 96,803 Vehicles Sold This Year) FCA US LLC - Up 16% (177,391 Vehicles Sold This Month, 1,857,374 Vehicles Sold This Year) Mitsubishi Motors North America - Up 8.4% (8,002 Vehicles Sold This Month, 101,400 Vehicles Sold This Year) Volkswagen of America - Up 5% (29,000 Vehicles Sold This Month, 295,228 Vehicles Sold This Year) Subaru of America, Inc. - Up 2.5% (55,394 Vehicles Sold This Month, 558,812 Vehicles Sold This Year) Porsche Cars North America, Inc. - Up 2.2% (4,817 Vehicles Sold This Month, 47,443 Vehicles Sold This Year) Kia Motors America - Up 1.59% (45,102 Vehicles Sold This Month, 497,144 Vehicles Sold This Year) Toyota Motor North America - Up 1.4% (191,102 Vehicles Sold This Month, 2,015,339 Vehicles Sold This Year) Mercedes-Benz USA - Up 0.9% (31,814 Vehicles Sold This Month, 286,180 Vehicles Sold This Year) Hyundai Motor America - 0.0% (53,025 Vehicles Sold This Month, 554,726 Vehicles Sold This Year) Ford Motor Company - Down 3.9% (192,616 Vehicles Sold This Month, 2,080,241 Vehicles Sold This Year) American Honda Motor Co. - Down 4.1% (122,182 Vehicles Sold This Month, 1,329,179 Vehicles Sold This Year) Mazda North American Operations - Down 10.3% (18,673 Vehicles Sold This Month, 232,538 Vehicles Sold This Year) Nissan North America - Down 10.6% (109,962 Vehicles Sold This Month, 1,234,644 Vehicles Sold This Year) Audi of America - BMW Group U.S. - Volvo Cars of North America, LLC - Brands: Acura - Up 7.3% (13,624 Vehicles Sold This Month, 128,107 Vehicles Sold This Year) Alfa Romeo - Up 44% (1,737 Vehicles Sold This Month, 19,917 Vehicles Sold This Year) Audi - BMW - Chrysler - Up 21% (13,289 Vehicles Sold This Month, 140,445 Vehicles Sold This Year) Dodge - Up 38% (33,872 Vehicles Sold This Month, 393,600 Vehicles Sold This Year) Fiat - Down 35% (1,151 Vehicles Sold This Month, 13,235 Vehicles Sold This Year) Ford - Down 3.4% (185,042 Vehicles Sold This Month, 1,997,387 Vehicles Sold This Year) Genesis - Down 79.2% (372 Vehicles Sold This Month, 9,281 Vehicles Sold This Year) Honda - Down 5.3% (108,558 Vehicles Sold This Month, 1,201,072 Vehicles Sold This Year) Hyundai - Up 2.8% (52,653 Vehicles Sold This Month, 545,444 Vehicles Sold This Year) Infiniti - Up 15.4% (11,880 Vehicles Sold This Month, 117,129 Vehicles Sold This Year) Jaguar - Down 8.4% (2,648 Vehicles Sold This Month, 23,824 Vehicles Sold This Year) Jeep - Up 9% (72,800 Vehicles Sold This Month, 818,994 Vehicles Sold This Year) Kia - Up 1.59% (45,102 Vehicles Sold This Month, 497,144 Vehicles Sold This Year) Land Rover - Up 43.3% (7,846 Vehicles Sold This Month, 72,979 Vehicles Sold This Year) Lexus - Down 0.8% (22,716 Vehicles Sold This Month, 236,340 Vehicles Sold This Year) Lincoln - Down 15% (7,574 Vehicles Sold This Month, 82,854 Vehicles Sold This Year) Mazda - Down 10.3% (18,673 Vehicles Sold This Month, 232,538 Vehicles Sold This Year) Mercedes-Benz - Down 4.9% (27,537 Vehicles Sold This Month, 252,921 Vehicles Sold This Year) Mercedes-Benz Vans - Up 71% (4,182 Vehicles Sold This Month, 32,205 Vehicles Sold This Year) MINI - Mitsubishi - Up 8.4% (8,002 Vehicles Sold This Month, 101,400 Vehicles Sold This Year) Nissan - Down 13% (98,082 Vehicles Sold This Month, 1,117,515 Vehicles Sold This Year) Porsche - Up 2.2% (4,817 Vehicles Sold This Month, 47,443 Vehicles Sold This Year) Ram Trucks - Up 14% (54,542 Vehicles Sold This Month, 471,203 Vehicles Sold This Year) Smart - Down 32.1% (95 Vehicles Sold This Month, 1,054 Vehicles Sold This Year) Subaru - Up 2.5% (55,394 Vehicles Sold This Month, 558,812 Vehicles Sold This Year) Toyota - Up 1.7% (168,386 Vehicles Sold This Month, 1,778,999 Vehicles Sold This Year) Volkswagen - Up 5% (29,000 Vehicles Sold This Month, 295,228 Vehicles Sold This Year) Volvo - View full article

Nissan Group reports October 2018 U.S. sales NASHVILLE, Tenn. – Nissan Group today announced total U.S. sales for October 2018 of 109,962 units, a decrease of 11 percent compared to the previous year. Nissan highlights: Nissan NV200 sales were 1,439 units, up 4 percent to achieve an October record. Several key models have shown strong gains in 2018: Murano (+18%), LEAF (+9%) and Frontier (+7%). NISSAN DIVISION OCT OCT Monthly CYTD CYTD CYTD 2018 2017 % chg 2018 2017 % chg Nissan Division Total 98,082 112,716 -13.0 1,117,515 1,195,243 -6.5 Versa 5,869 9,556 -38.6 63,952 92,373 -30.8 Sentra 17,611 18,341 -4.0 182,758 184,052 -0.7 Altima 13,406 17,863 -25.0 180,005 217,724 -17.3 Maxima 2,505 6,741 -62.8 34,207 56,418 -39.4 LEAF 1,234 213 479.3 11,920 10,953 8.8 Juke 7 461 -98.5 722 9,561 -92.4 370Z 290 410 -29.3 2,995 3,990 -24.9 GT-R 20 21 -4.8 490 503 -2.6 Total Car 40,942 53,606 -23.6 477,049 575,574 -17.1 Kicks 3,264 0 n/a 13,576 0 n/a Frontier 6,302 6,219 1.3 65,876 61,427 7.2 Titan 4,114 4,114 0.0 41,953 39,663 5.8 Xterra 0 0 n/a 0 1 -100.0 Pathfinder 5,195 6,708 -22.6 55,347 68,427 -19.1 Armada 2,072 3,473 -40.3 27,732 29,006 -4.4 Rogue 27,748 30,286 -8.4 337,727 327,213 3.2 Murano 5,737 5,714 0.4 68,962 58,621 17.6 Quest 0 3 -100.0 3 4,944 -99.9 NV 1,269 1,204 5.4 13,568 14,798 -8.3 NV200 1,439 1,389 3.6 15,722 15,569 1.0 Total Truck 57,140 59,110 -3.3 640,466 619,669 3.4 INFINITI OCT OCT Monthly CYTD CYTD CYTD 2018 2017 % chg 2018 2017 % chg Infiniti Total 11,880 10,296 15.4 117,129 124,010 -5.5 Infiniti Q50 2,074 2,791 -25.7 28,254 30,867 -8.5 Infiniti Q60 809 909 -11.0 7,765 9,065 -14.3 Infiniti Q70 302 378 -20.1 3,778 4,986 -24.2 Infiniti QX30 399 671 -40.5 7,038 12,652 -44.4 Infiniti QX50 3,160 1,307 141.8 19,051 13,450 41.6 Infiniti QX60 3,392 3,227 5.1 35,187 32,587 8.0 Infiniti QX70 7 151 -95.4 942 6,318 -85.1 Infiniti QX80 1,737 862 101.5 15,114 14,085 7.3 Total Car 3,185 4,078 -21.9 39,797 44,918 -11.4 Total Truck 8,695 6,218 39.8 77,332 79,092 -2.2 NISSAN GROUP OCT OCT Monthly CYTD CYTD CYTD 2018 2017 % chg 2018 2017 % chg TOTAL VEHICLE 109,962 123,012 -10.6 1,234,644 1,319,253 -6.4 Total Car 44,127 57,684 -23.5 516,846 620,492 -16.7 Total Truck 65,835 65,328 0.8 717,798 698,761 2.7 Selling days 26 25 256 255 # # #

Trucks and Electrified Vehicles Spark Strong October Sales for American Honda Nov 1, 2018 American Honda trucks gain 6.5% to set new October record Honda electrified vehicles have best month on record, exceeding 6,000 retail sales for second month in a row Honda Pilot sales climb 31% for best October sales; Odyssey rises 15% Acura trucks set new October record, gaining 15% Acura RDX records best October and second best single month in history, jumping 75% Honda Sales Highlights The Honda brand enjoyed its 4th best October sales month of all time as trucks again led Honda sales gains, while cars were quietly stealing the show as electrified vehicle sales defied gravity and Accord continued to gain momentum. Honda trucks gained 5.1% on sales of 57,169, a new October record: Pilot set a new October mark, gaining 31.1% on sales of 13,479. Odyssey sales rose 15.1% on sales of 8,403. CR-V sales totaled 27,825 for a gain of 0.2%. Electrified vehicle sales totaled 6,315 in October, setting a second consecutive best-ever monthly record while recording a 4th consecutive month of sales over 5,000 units. Acura Sales Highlights The Acura RDX nearly eclipsed its best-ever month (June 2018) as it continues to bring the heat to one of the industry’s hottest segments, helping the brand to a 7.3% gain and trucks to a new record in October. RDX sales leaped 75.3%, posting total sales of 6,193 for a best October and second best month ever. Acura trucks set a new October sales record, rising 15.1% on sales of 10,148 vehicles. Sales of the gateway model ILX topped 1,000 units for a 3% gain just as the redesigned and lower-priced 2019 model has begun arriving in Acura showrooms. American Honda Vehicle Sales for October 2018 Month-to-Date Year-to-Date October 2018 October 2017 DSR** % Change MoM % Change October 2018 October 2017 DSR** % Change YoY % Change American Honda Total 122,182 127,353 -7.8% -4.1% 1,329,179 1,358,956 -2.6% -2.2% Total Car Sales 54,865 64,162 -17.8% -14.5% 610,483 677,343 -10.2% -9.9% Total Truck Sales 67,317 63,191 2.4% 6.5% 718,696 681,613 5.0% 5.4% Honda Total Car Sales 51,389 60,283 -18.0% -14.8% 574,309 636,700 -10.2% -9.8% Honda Total Truck Sales 57,169 54,372 1.1% 5.1% 626,763 595,432 4.9% 5.3% Acura Total Car Sales 3,476 3,879 -13.8% -10.4% 36,174 40,643 -11.3% -11.0% Acura Total Truck Sales 10,148 8,819 10.6% 15.1% 91,933 86,181 6.3% 6.7% * Total Domestic Car Sales 44,202 58,334 -27.1% -24.2% 505,340 572,628 -12.1% -11.8% Honda Division 40,865 54,554 -28.0% -25.1% 470,722 532,907 -12.0% -11.7% Acura Division 3,337 3,780 -15.1% -11.7% 34,618 39,721 -13.2% -12.8% * Total Domestic Truck Sales 67,317 63,191 2.4% 6.5% 718,696 681,613 5.0% 5.4% Honda Division 57,169 54,372 1.1% 5.1% 626,763 595,432 4.9% 5.3% Acura Division 10,148 8,819 10.6% 15.1% 91,933 86,181 6.3% 6.7% Total Import Car Sales 10,663 5,828 75.9% 83.0% 105,143 104,715 0.0% 0.4% Honda Division 10,524 5,729 76.6% 83.7% 103,587 103,793 -0.6% -0.2% Acura Division 139 99 35.0% 40.4% 1,556 922 68.1% 68.8% Total Import Truck Sales 0 0 0.0% 0.0% 0 0 0.0% 0.0% Honda Division 0 0 0.0% 0.0% 0 0 0.0% 0.0% Acura Division 0 0 0.0% 0.0% 0 0 0.0% 0.0% MODEL BREAKOUT BY DIVISION Honda Division Total 108,558 114,655 -9.0% -5.3% 1,201,072 1,232,132 -2.9% -2.5% ACCORD 23,778 26,740 -14.5% -11.1% 239,077 277,542 -14.2% -13.9% CIVIC 22,450 30,319 -28.8% -26.0% 277,486 314,699 -12.2% -11.8% CLARITY 2,100 34 5,838.9% 6,076.5% 15,414 566 2,612.7% 2,623.3% CR-Z 1 18 -94.7% -94.4% 36 669 -94.6% -94.6% FIT 920 3,172 -72.1% -71.0% 33,854 43,221 -22.0% -21.7% INSIGHT 2,140 0 0.0% 0.0% 8,442 3 280,200.8% 281,300.0% CROSSTOUR 0 0 0.0% 0.0% 0 5 -100.0% -100.0% CR-V 27,825 27,773 -3.7% 0.2% 305,446 308,706 -1.4% -1.1% HR-V 4,961 6,304 -24.3% -21.3% 74,940 80,338 -7.1% -6.7% ODYSSEY 8,403 7,301 10.7% 15.1% 87,692 82,610 5.7% 6.2% PILOT 13,479 10,285 26.0% 31.1% 133,380 94,488 40.6% 41.2% RIDGELINE 2,501 2,709 -11.2% -7.7% 25,305 29,285 -13.9% -13.6% Acura Division Total 13,624 12,698 3.2% 7.3% 128,107 126,824 0.6% 1.0% ILX 1,056 1,025 -0.9% 3.0% 9,298 10,098 -8.3% -7.9% NSX 18 87 -80.1% -79.3% 140 442 -68.4% -68.3% RLX / RL 139 99 35.0% 40.4% 1,556 922 68.1% 68.8% TLX 2,263 2,668 -18.4% -15.2% 25,180 29,181 -14.0% -13.7% MDX 3,955 5,287 -28.1% -25.2% 41,142 43,469 -5.7% -5.4% RDX 6,193 3,532 68.6% 75.3% 50,791 42,712 18.5% 18.9% Selling Days 26 25 256 255 * Honda and Acura vehicles are made of domestic & globally-sourced parts ** Daily Selling Rate

Toyota Motor North America Reports U.S. Sales for October 2018 Toyota posted best-ever light truck sales for October Toyota Highlander, 4Runner posted best-ever October Lexus total RX, NXh posted best-ever October PLANO, Texas, Nov. 1, 2018 /PRNewswire/ -- Toyota Motor North America (TMNA) today reported October 2018 sales of 191,102 units. With one more selling day in October 2018 compared to October 2017, sales were up 1.4 percent on a volume basis and down 2.5 percent on a daily selling rate (DSR) basis. Toyota division posted October 2018 sales of 168,386 units, up 1.7 percent on a volume basis and down 2.2 percent on a DSR basis. Lexus posted October sales of 22,716 units, down 0.8 percent on a volume basis and down 4.6 percent on a DSR basis. October 2018 Highlights: Camry recorded sales of 26,914 units Corolla posted sales of 22,020 units Toyota division posted best-ever October for light truck sales RAV4 posted sales of 34,004 units Highlander sales increased by 17.7 percent, a best-ever October 4Runner sales increased by 13.2 percent, a best-ever October Tacoma sales increased by 29.9 percent Tundra posted sales of 9,571 units Lexus LUVs posted sales of 15,101 units NXh sales were up 232 percent, a best-ever October RX posted sales of 8,608 units, a best-ever October LS sales increased by 154.6 percent ES sales increased by 34.7 percent *Note: Unless otherwise stated, all figures reflect unadjusted raw sales volume TOYOTA U.S. SALES SUMMARY October 2018 -- CURRENT MONTH -- -- CALENDAR YEAR TO DATE -- 2018 2017 DSR % VOL % 2018 2017 DSR % VOL % TOTAL TOYOTA 191,102 188,434 -2.5 1.4 2,015,339 2,019,915 -0.6 -0.2 TOTAL TOYOTA DIV 168,386 165,540 -2.2 1.7 1,778,999 1,777,362 -0.3 0.1 TOTAL LEXUS 22,716 22,894 -4.6 -0.8 236,340 242,553 -2.9 -2.6 YARIS IA (INCL SCI IA) 1,102 2,676 -60.4 -58.8 22,665 31,270 -27.8 -27.5 YARIS LIFTBACK 207 202 -1.5 2.5 1,702 8,248 -79.4 -79.4 YARIS 146 0 0.0 0.0 154 0 0.0 0.0 TOTAL YARIS 1,455 2,878 -51.4 -49.4 24,521 39,518 -38.2 -37.9 iQ 0 0 0 0 0 0 0 0.0 xD 0 0 0 0 0 2 -100 -100.0 xB 0 0 0 0 1 0 0 0.0 tC 1 2 -51.9 -50.0 2 197 -99.0 -99.0 COROLLA IM (INCL SCI IM) 1,604 1,490 3.5 7.7 19,471 17,641 9.9 10.4 COROLLA SEDAN 20,416 23,177 -15.3 -11.9 237,717 272,299 -13.0 -12.7 TOTAL COROLLA 22,020 24,667 -14.2 -10.7 257,188 289,940 -11.6 -11.3 86 (INCL FR-S) 335 458 -29.7 -26.9 3,558 5,965 -40.6 -40.4 MIRAI 119 249 -54.0 -52.2 1,274 1,293 -1.9 -1.5 AVALON 2,163 2,648 -21.5 -18.3 28,817 27,703 3.6 4.0 PRIUS 6,306 7,710 -21.4 -18.2 75,231 91,032 -17.7 -17.4 CAMRY 26,914 26,252 -1.4 2.5 289,801 308,759 -6.5 -6.1 TOTAL TOYOTA DIV. CAR 59,313 64,864 -12.1 -8.6 680,393 764,409 -11.3 -11 CT 0 10 -100 -100 4 4,673 -99.9 -99.9 IS 1,511 1,972 -26.3 -23.4 18,904 21,247 -11.4 -11.0 RC 211 828 -75.5 -74.5 2,804 5,851 -52.3 -52.1 ES 4,531 3,365 29.5 34.7 38,877 42,440 -8.8 -8.4 GS 387 558 -33.3 -30.6 5,545 6,118 -9.7 -9.4 LS 835 328 144.8 154.6 7,507 3,430 118.0 118.9 LC 140 219 -39 -36 1,688 1917 -12 -12 LFA 0 1 -100 -100 2 3 -34 -33 TOTAL LEXUS CAR 7,615 7,281 0.6 4.6 75,331 85,679 -12.4 -12.1 TOTAL TOYOTA CAR 66,928 72,145 -10.8 -7.2 755,724 850,088 -11.4 -11.1 SIENNA 6,854 7,255 -9.2 -5.5 74,227 94,878 -22.1 -21.8 C-HR 3,683 3638 -3 1 41,613 18498 124.1 125 RAV4 34,004 34,086 -4.1 -0.2 353,151 346,316 1.6 2.0 FJ CRUISER 0 1 -100 -100 3 4 -25.3 -25 VENZA 0 0 0 0 0 14 -100 -100 HIGHLANDER 20,548 17,461 13.2 17.7 201,247 175,657 14.1 14.6 4RUNNER 12,624 11,153 8.8 13.2 114,891 106,239 7.7 8.1 SEQUOIA 892 996 -13.9 -10.4 8,997 9,995 -10.3 -10.0 LAND CRUISER 363 260 34.2 39.6 2,681 2,428 10.0 10.4 TOTAL TOYOTA DIV. SUV 72,114 67,595 2.6 6.7 722,583 659,151 9.2 9.6 TACOMA 20,534 15,804 24.9 29.9 204,443 163,225 24.8 25.3 TUNDRA 9,571 10,022 -8.2 -4.5 97,353 95,699 1.3 1.7 TOTAL TOYOTA DIV. PICKUP 30,105 25,826 12.1 16.6 301,796 258,924 16.1 16.6 TOTAL TOYOTA DIV. TRUCK 109,073 100,676 4.2 8.3 1,098,606 1,012,953 8.0 8.5 NX 4,180 4,540 -11.5 -7.9 47,693 46,527 2.1 2.5 RX 8,608 8,374 -1.2 2.8 88,171 84,254 4.2 4.6 GX 1,936 2090 -10.9 -7.4 21,033 21,433 -2.2 -1.9 LX 377 609 -40.5 -38.1 4,112 4,660 -12.1 -11.8 TOTAL LEXUS TRUCK 15,101 15,613 -7.0 -3.3 161,009 156,874 2.2 2.6 TOTAL TOYOTA TRUCK 124,174 116,289 2.7 6.8 1,259,615 1,169,827 7.3 7.7 Selling Days 26 25 256 255 DSR = Daily Selling Rate *NA Built Vehicles TOYOTA U.S. SALES SUMMARY October, 2018 -- CURRENT MONTH -- -- CALENDAR YEAR TO DATE -- 2018 2017 DSR % VOL % 2018 2017 DSR % VOL % COROLLA 20,416 23,177 -15.3 -11.9 237,717 272,299 -13.0 -12.7 CAMRY 26,550 19,631 30.0 35.2 274,625 284,090 -3.7 -3.3 AVALON 2,163 2,648 -21.5 -18.3 28,817 27,703 3.6 4.0 YARIS IA (INCL SCI IA) 1,102 2,676 -60.4 -58.8 22,665 31,270 -27.8 -27.5 RAV4 13,720 17,360 -24.0 -21.0 144,485 163,612 -12.0 -11.7 VENZA 0 0 0.0 0.0 0 14 -100.0 -100.0 HIGHLANDER 20,548 17,461 13.2 17.7 201,247 175,657 14.1 14.6 SIENNA 6,854 7,255 -9.2 -5.5 74,227 94,878 -22.1 -21.8 SEQUOIA 892 996 -13.9 -10.4 8,997 9,995 -10.3 -10.0 TACOMA 20,534 15,804 24.9 29.9 204,443 163,225 24.8 25.3 TUNDRA 9,571 10,022 -8.2 -4.5 97,353 95,699 1.3 1.7 ES 3,590 2,890 19.4 24.2 33,693 33,896 -1.0 -0.6 RX 6,129 8,042 -26.7 -23.8 66,180 79,292 -16.9 -16.5 TOTAL 132,215 127,962 -0.7 3.3 1,394,603 1,431,630 -3.0 -2.6 N.A VEHICLES % OF TOTAL 69.2% 67.9% 69.2% 70.9% TOYOTA DIV. IMPORT CAR 8,936 16,732 -48.6 -46.6 116,415 149,047 -22.2 -21.9 LEXUS IMPORT CAR 4,025 4,391 -11.9 -8.3 41,638 51,783 -19.9 -19.6 TOYOTA DIV NA BUILT CARS 50,377 48,132 0.6 4.7 563,978 615,362 -8.7 -8.4 LEXUS NA BUILT CARS 3,590 2,890 19.4 24.2 33,693 33,896 -1.0 -0.6 TOTAL TOYOTA CARS 66,928 72,145 -10.8 -7.2 755,724 850,088 -11.4 -11.1 TOYOTA DIV. IMPORT TRUCK 36,954 31,778 11.8 16.3 367,854 309,873 18.2 18.7 LEXUS IMPORT TRUCK 8,972 7,571 13.9 18.5 94,829 77,582 21.8 22.2 TOYOTA DIV NA BUILT TRUCK 72,119 68,898 0.6 4.7 730,752 703,080 3.5 3.9 LEXUS NA BUILT TRUCK 6,129 8,042 -26.7 -23.8 66,180 79,292 -16.9 -16.5 TOTAL TOYOTA TRUCK 124,174 116,289 2.7 6.8 1,259,615 1,169,827 7.3 7.7 Selling Days 26 25 256 255 TOYOTA U.S. HYBRID SALES SUMMARY October, 2018 -- Current Month -- -- Calendar Year To Date -- 2018 2017 DSR % 2018 2017 DSR % Toyota Prius Sedan 3,772 4,532 -20.0% 43,243 55,443 -22.3% Toyota Prius V(only) 1 652 -99.9% 2,058 8,299 -75.3% Toyota Prius C(only) 532 900 -43.2% 7,406 10,607 -30.5% Toyota Prius PRIME(only) 2,001 1,626 18.3% 22,524 16,683 34.5% Toyota RAV4 Hybrid 3,986 5,012 -23.5% 40,981 41,364 -1.3% Lexus NX Hybrid 656 190 232.0% 6,882 2,131 221.7% Lexus RX Hybrid 1,416 675 101.7% 11,850 6,848 72.4%

FCA US October 2018 Sales Rise 16 Percent Ram brand delivers historic October sales Jeep® Wrangler sets CYTD sales record Chrysler Pacifica posts record October sales Alfa Romeo sales rise 44 percent November 1, 2018 , Auburn Hills, Mich. - FCA US LLC today reported U.S. sales of 177,391 vehicles in October, a 16 percent increase compared with sales in October 2017 of 153,373 vehicles. Sales were driven by the Jeep®, Ram, Chrysler, Dodge and Alfa Romeo brands, which all posted increases over the same period a year ago. Dodge led the group with a 38 percent increase in sales. Retail sales in October totaled 141,200 vehicles. Fleet sales were 36,191 vehicles and accounted for 20 percent of total sales. Jeep® Brand Jeep brand sales rose 9 percent to 72,800 vehicles. Jeep Wrangler sales of 13,318 vehicles pushed the calendar-year-to-date totals to 204,269 vehicles. The results eclipse the 2015 CYTD record of 172,887 vehicles. Wrangler has now surpassed the full-year record of 202,266 vehicles set in 2015. Ram Brand Ram brand sales rose 14 percent to 54,542 vehicles, a historic high for October. It was also the eighth-straight month of record retail sales since the brand launched in 2009. Retail sales increased 12 percent to 42,138 vehicles. The Ram 1500 drove the performance as retail sales climbed 20 percent to 28,459 vehicles for a new October record. Alfa Romeo Brand Alfa Romeo brand sales rose 44 percent to 1,737 vehicles. Stelvio accounted for the majority of those sales with 902 vehicles sold. Dodge Brand Dodge brand sales jumped 38 percent to 33,872. The brand was driven by Challenger sales, which totaled 5,225 vehicles. Chrysler Brand Chrysler brand sales rose 21 percent to 13,289 vehicles as Pacifica sales increased 22 percent to 9,277 vehicles. The total set a new October record for Pacifica. FIAT Brand Sales of Fiat declined 35 percent to 1,151 vehicles. FCA US LLC Sales Summary October 2018 Month Sales Vol % CYTD Sales Vol % Model Curr Yr Pr Yr Change Curr Yr Pr Yr Change Compass 14,083 11,207 26% 146,757 65,142 125% Patriot 9 1,235 -99% 608 40,111 -98% Wrangler 13,318 13,391 -1% 204,269 163,533 25% Cherokee 18,598 16,138 15% 198,341 133,973 48% Grand Cherokee 19,109 17,215 11% 185,762 198,460 -6% Renegade 7,683 7,888 -3% 83,257 88,097 -5% JEEP BRAND 72,800 67,074 9% 818,994 689,316 19% Ram P/U 49,186 44,201 11% 424,769 419,102 1% Cargo Van 0 0 0% 0 0 ProMaster Van 4,305 2,638 63% 35,896 34,576 4% ProMaster City 1,051 992 6% 10,538 12,846 -18% RAM BRAND 54,542 47,831 14% 471,203 466,524 1% 200 26 499 -95% 1,026 17,766 -94% 300 3,986 2,917 37% 38,541 42,560 -9% Town & Country 0 9 -100% 6 566 -99% Pacifica 9,277 7,593 22% 100,872 93,935 7% CHRYSLER BRAND 13,289 11,018 21% 140,445 154,827 -9% Dart 3 172 -98% 382 9,815 -96% Avenger 0 0 100% 4 12 -67% Charger 6,316 8,096 -22% 65,624 75,474 -13% Challenger 5,225 3,893 34% 57,538 56,169 2% Viper 0 17 -100% 15 569 -97% Journey 5,835 4,719 24% 83,068 80,375 3% Caravan 11,110 2,431 357% 132,045 110,023 20% Durango 5,383 5,148 5% 54,924 57,829 -5% DODGE BRAND 33,872 24,476 38% 393,600 390,266 1% 500 528 801 -34% 4,245 11,236 -62% 500L 96 159 -40% 1,327 1,426 -7% 500X 308 561 -45% 4,529 6,436 -30% Spider 219 248 -12% 3,134 3,923 -20% FIAT BRAND 1,151 1,769 -35% 13,235 23,021 -43% Giulia 801 726 10% 9,734 7,136 36% Alfa 4C 34 45 -24% 217 354 -39% Stelvio 902 434 108% 9,946 1,067 832% ALFA ROMEO 1,737 1,205 44% 19,917 8,557 133% FCA US LLC 177,391 153,373 16% 1,857,374 1,732,511 7%

Ford SUV Sales On Record Pace – Expedition Up 74.7 Percent, Explorer Up 12.5 Percent; F-Series Passes 70,000-Truck Mark For Eighth Straight Month; Lincoln Navigator Up 70.0 Percent