Drew Dowdell

FORD MOTOR COMPANY FOURTH QUARTER 2019 U.S. SALES 2019 Q4 2018 % Cha nge Year-to-Date 2019 2018 % Cha nge SALES BY BRAND Ford 568,507 581,386 -2.2 2,310,494 2,393,731 -3.5 Lincoln 33,355 28,307 17.8 112,204 103,587 8.3 Total vehicles 601,862 609,693 -1.3 2,422,698 2,497,318 -3.0 SALES BY TYPE Cars 63,400 107,491 -41.0 349,091 486,024 -28.2 SUVs 208,387 217,343 -4.1 830,471 872,215 -4.8 Trucks 330,075 284,859 15.9 1,243,136 1,139,079 9.1 Total vehicles 601,862 609,693 -1.3 2,422,698 2,497,318 -3.0 FORD BRAND Fiesta 7,315 15,212 -51.9 60,148 51,730 16.3 Focus 0 13,078 N/A 12,480 113,345 -89.0 C-MAX 0 213 N/A 38 6,683 -99.4 Fusion 32,137 48,636 -33.9 166,045 173,600 -4.4 Taurus 769 6,988 -89.0 9,924 28,706 -65.4 Police Interceptor Sedan 88 1,762 -95.0 3,427 7,382 -53.6 GT 42 24 75.0 229 126 81.7 Mustang 17,124 14,223 20.4 72,489 75,842 -4.4 Ford Cars 57,475 100,136 -42.6 324,780 457,414 -29.0 EcoSport 14,051 16,038 -12.4 64,708 54,348 19.1 Escape 47,587 62,178 -23.5 241,388 272,228 -11.3 Edge 37,621 35,184 6.9 138,515 134,122 3.3 Flex 6,147 4,150 48.1 24,484 20,308 20.6 Explorer 48,083 56,316 -14.6 168,309 227,732 -26.1 Police Interceptor Utility 3,201 8,385 -61.8 18,752 33,839 -44.6 Expedition 24,267 14,140 71.6 86,422 54,661 58.1 Ford SUVs 180,957 196,391 -7.9 742,578 797,238 -6.9 F-Series 233,952 230,312 1.6 896,526 909,330 -1.4 Ranger 33,059 0 N/A 89,571 0 N/A E-Series 12,837 11,387 12.7 45,063 47,936 -6.0 Transit 36,885 31,331 17.7 153,868 137,794 11.7 Transit Connect 10,208 8,705 17.3 41,598 31,923 30.3 Heavy trucks 3,134 3,124 0.3 16,510 12,096 36.5 Ford Trucks 330,075 284,859 15.9 1,243,136 1,139,079 9.1 Ford Brand 568,507 581,386 -2.2 2,310,494 2,393,731 -3.5 LINCOLN BRAND MKZ 4,080 4,931 -17.3 17,725 19,852 -10.7 Continental 1,845 2,424 -23.9 6,586 8,758 -24.8 Lincoln Cars 5,925 7,355 -19.4 24,311 28,610 -15.0 Corsair/MKC 7,549 6,971 8.3 25,815 26,241 -1.6 Nautilus/MKX 7,727 8,687 -11.1 31,711 28,573 11.0 MKT 275 540 -49.1 3,388 2,324 45.8 Aviator 6,424 0 N/A 8,323 0 N/A Navigator 5,455 4,754 14.7 18,656 17,839 4.6 Lincoln SUVs 27,430 20,952 30.9 87,893 74,977 17.2 Lincoln Brand 33,355 28,307 17.8 112,204 103,587 8.3

MONTH OF DECEMBER YEAR-TO-DATE Model 2019 2018 2019 2018 Rio 2,144 1,608 24,961 22,975 Forte 7,635 7,709 95,609 101,890 Optima 7,141 7,809 96,623 101,603 Cadenza 237 198 1,630 4,507 Stinger 1,034 1,289 13,861 16,806 K900 30 55 390 354 Soul 6,932 10,128 98,033 104,709 Niro 2,284 2,006 24,467 28,232 Sportage 8,426 6,998 89,278 82,823 Sorento 7,319 8,502 95,951 107,846 Telluride 6,496 N/A 58,604 N/A Sedona 1,551 1,126 15,931 17,928 Total 51,229 47,428 615,338 589,673

According to the Rumorpile, Toyota is working on bringing back the Venza, a car that went out of production after 2015. The original Venza did not sell very well, partially due to its wagon-like shape and also relatively high pricing. It also lacked any off-road pretense that typically comes with a crossover. The problem for Toyota is that there is a large Venza sized gap in their SUV lineup between the RAV-4 and Highlander. This time around, the Venza would ditch the wagon looks and instead be a true crossover along the lines of the Chevrolet Trailblazer, Honda Passport, and Ford Edge. There is a possibility that the Venza would come in only hybrid form using the same 2.5-liter setup with rear electric motor that the Highlander uses. If the rumors prove true, you could see a new Venza hit the auto show circuit as early as 2021. View full article

GMC had a hit on their hand when they introduced the GMC Canyon for the 2015 model year, but they've not done a lot to refresh the truck visually since then. Six years is a long time for a truck to go without a refresh, but in 2021 the Canyon will get one. In addition to the visual refresh, the Canyon is getting a new AT4 trim line like that of its big brother the Sierra. The AT4 designation brings new 31-inch Goodyear Wrangler DuraTrac tires on 17-inch aluminum wheels, an off-road tuned suspension with advanced hill descent control system, four-wheel drive standard along with a G80 rear automatic locking differential, and a transfer case skid plate. Visually, the grille is larger and there are now red recovery hooks. The seats have Kalahari stitching in AT4 headrest embroidery. The Denali is also getting some upgrades. The grille has been updated with a more sculpted and layered pattern. Chrome assist steps are standard along with a swath of other chrome accents. It is equipped with 20-inch diamond cut wheels and the look has been updated to match the Sierra. Inside there is now open-pore ash wood trim, aluminum trim, unique stitching, and a new cocoa/dark atmosphere color theme. Heated/Cooled seats and a heated steering wheel are standard. Both trims come standard with the 308 horsepower 3.6-liter V6 or the 2.8-liter diesel with 369 lb-ft of torque. The 2021 Canyon will go on sale later this year. View full article

Brand achieves 10.2 percent growth over 2018 with 108,234 cars sold Highest sales number since 2007 12,360 cars sold in December 2019; a 40 percent increase over December 2018 Refreshed XC90 sales continue to grow ROCKLEIGH, NJ (January 3, 2020) Today, Volvo Car USA announces double digit sales growth in 2019. Sales were up 10.2 percent over 2018 with a total of 108,234 cars retailed. This strong result reflects twelve consecutive months of year-over-year growth for the brand and marks the best full year result for Volvo Car USA since 2007. “We are very proud of our sales achievements in 2019,” said Anders Gustafsson, President and CEO of Volvo Car USA. “This result reflects the hard work of our team and retail partners.” The XC90 leads the brand in sales volume seeing a 13 percent rise in total sales over the previous year. The XC40 compact SUV also achieved a strong result with 17,654 cars sold in 2019; an increase of 42 percent in its second year on sale. For the month of December, the brand retailed 12,360 cars, representing a 40 percent increase over December 2018.

Dec. 2019 Dec. 2018 % i3 214 356 40.0% i8 51 97 -47.4% 2 Series 765 718 6.5% 3 Series 5,245 3,184 64.7% 4 Series 891 1,916 -53.5% 5 Series 2,733 4,756 -42.5% 6 Series 8 330 -97.6% 7 Series 763 983 -22.4% 8 Series 1,066 223 378.0% Z4 233 0 0.0% X1 1,788 3,411 -47.6% X2 1,093 1,454 -24.8% BMW passenger cars 14,850 17,428 -14.8% YTD Dec. 2019 YTD Dec. 2018 % 4,854 6,117 -20.6% 1,102 772 42.7% 8,015 9,208 -13.0% 47,827 44,578 7.3% 18,621 31,379 -40.7% 38,709 43,937 -11.9% 1,139 3,762 -69.7% 8,823 8,271 6.7% 4,410 223 1877.6% 2,941 4 73425.0% 17,815 29,060 -38.7% 11,293 16,154 -30.1% -14.4% X3 8,090 8,511 -4.9% X4 1,333 612 117.8% X5 7,757 7,323 5.9% X6 557 483 15.3% X7 3,159 0 0.0% BMW light trucks 20,896 16,929 23.4% 70,110 61,351 14.3% 8,758 4,323 102.6% 54,595 45,013 21.3% 4,240 6,862 -38.2% 21,574 0 0.0% 159,277 117,549 35.5% BMW brand 35,746 34,357 4.0% 324,826 311,014 4.4% Cooper /S Hardtop 2 Door 594 760 -21.8% Cooper /S Hardtop 4 Door 450 448 0.4% Cooper /S Convertible 247 134 84.3% Cooper /S Clubman 323 277 16.6% Countryman 696 1,178 -40.9% MINI brand 2,310 2,797 -17.4% 8,462 9,950 -15.0% 6,065 6,450 -6.0% 4,031 5,334 -24.4% 3,565 4,385 -18.7% 13,969 17,565 -20.5% 36,092 43,684 -17.4% TOTAL BMW of North America, LLC 38,056 37,154 2.4% 360,918 354,698 1.8%

Quarterly: Ford Motor Company - Down 1.3% for the quarter, Down 3.0% for the year General Motors Co. - Down 6.3% for the quarter, Down 2.3% for the year Tesla - Not yet Reported FCA US LLC - Down 2% for the quarter, Down 1% for the year Monthly: Audi of America - Up 14.0% for the month, Up 0.4% for the year BMW of North America - Up 2.4% for the month, Up 1.8% for the year Genesis Motor America - Up 262.4% for the month, Up 105.9% for the year Honda Motor Co. - Down 12.0% for the month, Up 0.2% for the year Hyundai Motor America - Down 0.6% for the month, Up 3.2% for the year Infiniti USA - Down 37.8% for the month, Down 21.1% for the year Jaguar Land Rover North America - Up 2.6% for the year Kia Motors America - Up 8.0% for the month, Up 4.4% for the year Mazda North American Operations - Up 6.5% for the month, Down 7.2% for the year Mercedes-Benz USA - Down 2.4% for the month, Up 1.0% for the year Mitsubishi Motors North America - Up 10.3% for the month, Up 2.5% for the year Nissan Group - Down 29.5% for the month, Down 9.9% for the year Porsche Cars North America Inc. - Up 15.8% for the month, Up 7.6% for the year Subaru of America, Inc. - Down 3.4% for the month, Up 2.9% for the year Toyota Motor North America - Down 6.1% for the month, Down 1.8% for the year Volkswagen of America - Down 13% for the month, Up 2.6% for the year Volvo Cars of North America, LLC - Up 40% for the month, Up 10.2% for the year Brands (Quarterly): Alfa Romeo - Down 12% Buick - Down 4.3% Cadillac - Down 2.2% Chevrolet - Down 6.1% Chrysler - Down 15% Dodge - Down 9% Ford - Down 2.2% Fiat - Down 49% GMC - Down 8.5% Jeep - Down 2% Lincoln - Up 17.8% Ram Trucks - Up 6% Tesla - Not yet Reported Brands (Monthly): Acura - Down 3.8% Audi - Up 14.0% BMW - Up 4.0% Genesis - Up 419.7% Honda - Down 12.9% Hyundai - Down 0.6% Infiniti - Down 37.8% Jaguar - Up 1.9% for the year Kia - Up 8.0% Land Rover - Up 2.8% for the year Lexus - Down 0.6% Mazda - Up 6.5% Mercedes-Benz - Down 5.4% Mercedes-Benz Vans - Up 21.1% MINI - Down 17.4% Mitsubishi - Up 10.3% Nissan - Down 28.4% Porsche - Up 14.8% Smart - No Longer Reported Subaru - Down 3.4% Toyota - Down 7.2% Volkswagen - Down 13.0% Volvo - Up 40% View full article

Volkswagen of America December 2019 Sales Dec. 19 Dec. 18 Yr/Yr% change Dec. 19 YTD Dec. 18 YTD Yr/Yr% change Golf 314 281 12% 5,644 6,642 -15% GTI 765 1,045 -27% 11,672 16,684 -30% Golf R 394 88 348% 4,223 3,468 22% e-Golf 264 222 19% 4,863 1,354 259% Golf SportWagen 927 789 17% 10,991 14,123 -22% Total Golf Family 2,664 2,425 10% 37,393 42,271 -12% Jetta Sedan 8,164 10,261 -20% 100,453 90,734 11% Jetta SportWagen (now Golf SportWagen) - - N/A - 71 N/A Total Jetta 8,164 10,261 -20% 100,453 90,805 11% Beetle Coupe 324 455 -29% 7,704 8,636 -11% Beetle Convertible 388 462 -16% 9,511 5,775 65% Total Beetle 712 917 -22% 17,215 14,411 19% Passat 714 3,116 -77% 14,123 41,401 -66% CC 2 11 -82% 58 455 -87% Arteon 283 - N/A 2,449 - N/A Tiguan Limited 1 189 -99% 391 13,546 -97% Tiguan 7,930 8,353 -5.1% 109,572 89,476 22% Total Tiguan 7,931 8,542 -7.2% 109,963 103,022 6.7% Touareg 7 58 -88% 160 2,022 -92% Atlas 7,400 6,717 10% 81,508 59,677 37% Total Car 12,539 16,730 -25% 171,691 189,343 -9.3% Total SUV 15,338 15,317 0.1% 191,631 164,721 16% TOTAL 27,877 32,047 -13% 363,322 354,064 2.6%

Carline Dec-19 Dec-18 % Chg Dec-19 Dec-18 % Chg MTD MTD MTD YTD YTD YTD Forester 16,436 17,642 -6.8% 180,179 171,613 5.0% Impreza 5,740 5,880 -2.4% 66,415 76,400 -13.1% WRX/STI 1,561 2,417 -35.4% 21,838 28,730 -24.0% Ascent 8,280 7,733 7.1% 81,958 36,211 126.3% Legacy 3,415 3,374 1.2% 35,063 40,109 -12.6% Outback 16,661 15,851 5.1% 181,178 178,854 1.3% BRZ 131 349 -62.5% 2,334 3,834 -39.1% Crosstrek 10,140 11,295 -10.2% 131,152 144,384 -9.2% TOTAL 62,364 64,541 -3.4% 700,117 680,135 2.9%

Model December Sales Year-to-Date 2019 2018 2019 2018 ALL 911 663 789 9,265 9,647 ALL 718 191 237 3,880 5,276 ALL TAYCAN 130 0 130 0 ALL PANAMERA 592 332 6,625 8,042 ALL CAYENNE 1,482 1,383 19,001 10,733 ALL MACAN 1,675 1,345 22,667 23,504 GRAND TOTALS 4,733 4,086 61,568 57,202

January 3, 2020 2019 2018 % chg Total December sales (units) 104,781 148,720 -29.5 Nissan Division sales 93,538 130,655 -28.4 INFINITI sales* 11,243 18,065 -37.8 Calendar Year Total Sales (units) 1,345,681 1,493,877 -9.9 Nissan Division sales 1,227,973 1,344,597 -8.7 INFINITI Sales* 117,708 149,280 -21.1 NASHVILLE, Tenn. – Nissan Group announced total U.S. sales for December 2019 of 104,781 units, a decrease of 29.5 percent versus the prior year. Nissan Group also announced total calendar year 2019 U.S. sales of 1,345,681 units, a decrease of 9.9 percent compared to the prior year. Nissan Division December highlights: Altima sales continue to rise with 19,132 units sold, up 12 percent. Sales of the Nissan Armada rose 3 percent in December to 2,967 units. Nissan Division calendar year highlights: Nissan Kicks showed strong gains during the full calendar year 2019, up 150 percent. Nissan set annual sales records with NV commercial van (+19 percent) and NV200 (+1 percent). *INFINITI sales total included for reference. For more information on INFINITI's December sales performance, please visit INFINITINews.com. NOTE: To ensure consistency in global sales reporting, Nissan North America calculates monthly variances on a straight-percentage basis, unadjusted for the number of selling days. December 2019 had 25 days, while December 2018 had 26 selling days. NISSAN DIVISION DECEMBER DECEMBER Monthly CYTD CYTD CYTD 2019 2018 % chg 2019 2018 % chg Nissan Division Total 93,538 130,655 -28.4 1,227,973 1,344,597 -8.7 Versa 3,265 6,735 -51.5 66,596 75,809 -12.2 Sentra 11,033 17,567 -37.2 184,618 213,046 -13.3 Altima 19,132 17,064 12.1 209,183 209,146 0.0 Maxima 3,387 5,600 -39.5 35,076 42,337 -17.2 LEAF 1,227 1,667 -26.4 12,365 14,715 -16.0 Juke 0 5 -100.0 11 731 -98.5 370Z 158 202 -21.8 2,384 3,468 -31.3 GT-R 17 25 -32.0 331 538 -38.5 Total Car 38,219 48,865 -21.8 510,564 559,790 -8.8 Kicks 4,123 5,704 -27.7 58,193 23,312 149.6 Frontier 4,720 7,492 -37.0 72,369 79,646 -9.1 Titan 1,916 4,661 -58.9 31,514 50,459 -37.5 Pathfinder 5,894 6,799 -13.3 65,691 67,550 -2.8 Armada 2,967 2,874 3.2 32,044 32,650 -1.9 Rogue 27,331 42,523 -35.7 350,447 412,110 -15.0 Murano 5,187 8,033 -35.4 68,361 83,547 -18.2 Quest 0 0 n/a 0 3 -100.0 NV 1,719 2,013 -14.6 20,022 16,902 18.5 NV200 1,462 1,691 -13.5 18,768 18,628 0.8 Total Truck 55,319 81,790 -32.4 717,409 784,807 -8.6 North American produced 73,510 96,695 -24.0 970,563 1,022,140 -5.0 Car 38,044 48,633 -21.8 507,838 555,053 -8.5 Truck 35,466 48,062 -26.2 462,725 467,087 -0.9 Import 20,028 33,960 -41.0 257,410 322,457 -20.2 Car 175 232 -24.6 2,726 4,737 -42.5 Truck 19,853 33,728 -41.1 197,372 317,720 -37.9 INFINITI Infiniti Total DECEMBER DECEMBER Monthly CYTD CYTD CYTD 2019 2018 % chg 2019 2018 % chg 11,243 18,065 -37.8 117,708 149,280 -21.1 Infiniti Q50 2,165 3,690 -41.3 25,987 34,763 -25.2 Infiniti Q60 430 662 -35.0 5,043 9,017 -44.1 Infiniti Q70 90 329 -72.6 2,552 4,479 -43.0 Infiniti QX30 50 647 -92.3 3,229 8,101 -60.1 Infiniti QX50 1,815 3,329 -45.5 18,616 25,389 -26.7 Infiniti QX60 4,113 7,032 -41.5 43,162 47,370 -8.9 Infiniti QX70 0 4 -100.0 6 954 -99.4 Infiniti QX80 2,580 2,372 8.8 19,113 19,207 -0.5 Total Car 2,685 4,681 -42.6 33,582 48,259 -30.4 Total Truck 8,558 13,384 -36.1 84,126 101,021 -16.7 NISSAN GROUP TOTAL VEHICLE DECEMBER DECEMBER Monthly CYTD CYTD CYTD 2019 2018 % chg 2019 2018 % chg 104,781 148,720 -29.5 1,345,681 1,493,877 -9.9 Total Car 40,904 53,546 -23.6 544,146 608,049 -10.5 Total Truck 63,877 95,174 -32.9 801,535 885,828 -9.5 Selling days 25 26 307 307 # # #

DECEMBER YTD 2019 2018 2019 2018 Mirage 1753 1748 26966 24316 Lancer1 0 0 0 3302 Outlander Sport 2496 2563 33644 39153 Outlander 3977 2647 37965 37652 Outlander PHEV 269 431 2810 4166 Eclipse Cross 1420 1597 19661 9485 Total 9915 8986 121046 118074