1 | Global automotive marketCONTAINMENT: DECLINE IN REGISTRATIONS, BUT GROWTH OF ALTERNATIVE ENERGIES...

Light vehicles (passenger cars & light commercial vehicles of -3.5t): Containment measures do not spare the sale of light vehicles. In France, registrations fell by 42% in Q2 2020, compared to Q2 2019 (413 227 registrations, versus 712 860 registrations in Q2 2019).

Passenger cars (PCs): The passenger car market recorded a 42.7% drop in registrations (351 185 registrations versus (613 120 in 2019). The corporate market (channel AUT-STE) PC represents 20.9% of sales, or 73 372 registrations. Light Commercial Vehicles (LCVs): the market recorded a decline of 37.8% (compared to Q2 2019) and stands at 62 042 registrations in Q2 2020.

Light vehicle energies: The market for alternative energy vehicles is holding its own and gaining Market Share (MS). Registrations of alternative-energy vehicles represent 16.1% of the MSs of the global automobile market, with 66 404 registrations.

Despite the containment, the evolution of the energy mix of the car fleet as a whole continues. Compared to Q2 2019, Electric vehicle registrations increase by 65.7% to represent 5.1% of MS (1.8% in Q2 2019, an increase of more than 4 points) and stand at 21 105 registrations this quarter.

2nd quarter 2020

CONTENTS1 |2 |3 |4 |5 |

THE LONG TERM RENTAL MARKET

The letter Sesamlld / 01

2 | The long term rental marketLTR REGISTRATIONS DO BETTER THAN THE REST OF THE AUTOMOTIVE MARKET.

The LTR market is more spared than the rest of the market. Despite an overall decline in registrations, this quarter saw 100 514 new vehicles registered in LTR. The LTR market recorded a better variation (0.35 point of percentage) than the overall automotive market. LTR vehicles thus represent 24.3% of total automotive market sales.

Although the containment measures were lifted as of May 11, regulatory restrictions are impediments to implementation of business. In this context, the LTR ensures a better performance than the rest of the automotive total market. Certainly, the LTR registrations decreased in April 2020, but they show a growth rate of 4.9% in June, the last month of the quarter.

With 77 949 registrations in Q2 2020, the passenger car segment of the market LTR is in line with the downturn in the global automotive market. Registration of 22 565 ULV in LTR follows the downward trend, with a variation 0.6 percentage points higher than the global automotive market.

*The list of registering companies has been updated in the 2nd quarter 2019 (hence the difference on LTR registrations communicated before the 2nd quarter 2019).

The global automotive marketThe LTR marketThe energy mix of vehicles in LTRThe top 10 vehicles in LTRThe LTR in figures (SesamLLD Members data)

The letter

Immeuble ARC en Ciel - Bât B17 rue de la Vanne - 92 120 Montrougewww.sesamlld.com

FIGURES

Q22019

Q22020

LIGHT VEHICLES REGISTRATIONSTOTAL MARKET VS LTR MARKET:

100 514new long term

rentals registered. This represents 24.3%

of all registrations in the automotive market

312 713Registrations excluding LTR

540 503Registrations excluding LTR

172 357new long term

rentals registered. This represents 24.2%

of all registrations in the automotive market

LTR COMPANIES’S CAR REGISTRATION

57,8 %of company vehicles(1)

are registered under LTR

(1) Excluding short-term rentals, demonstration vehicles, self-registration.

Source :

Sesamlld Organisation : Founded in 1978, the SNLVLD became Sesamlld in 2018. It represents commercial companies engaged in the long-term rental of vehicles in France. Sesamlld’s members represent 92,5% of the sector’s activity in France. The long-term rental of vehicles (passenger cars and commercial vehicles) has established its legitimacy in the corporate sector, since it provides a flexible solution to the organisational and management needs of companies. It provides significant support to the automotive industry.

The letter Sesamlld / 02

3 | The energy mix of vehicles in long term rental

Source :

SHARP DECLINE IN DIESEL AND GASOLINE IN LTR FLEETS The registrations of Diesel LTR vehicles are decreasing significantly: 58.8% of the light vehicles in long-term leasing registered in Q2 2020 are Diesel vehicles compared with 63.4% in Q2 2019. The share of gasoline-powered vehicles in LTR fleets decrease less than that of Diesel. Nevertheless, there was a 2.5 percentage point compared to the same quarter of the previous year: 29.3% of LV petrol in Q2 2020, compared with 31.8% petrol registrations over the same period in 2019.

THE CAFE STANDARD ACCELERATES THE EVOLUTION OF THE ENERGY MIX The share of vehicles running on alternative energies is increasing significantly in the LTR fleets, which account for around 12% of registrations in Q2 2020, or more than 7 additional points than in Q2 2019, in particular in anticipation of the CAFE standard. Hybrid vehicles are driving this growth: 8.3% of light vehicles LLCs registered in Q2 2020 are hybrid vehicles, whereas they were only 3.3% in Q2 2019.

FOCUS CO2: THE LTR BEHAVES BETTER THAN THE GLOBAL MARKETFleets with long-term leasing are at the forefront of the fight against C02 emissions, and are therefore more virtuous than those of the global market. The average CO2 emissions from vehicles registered in long-term leasing remains lower than those of the automotive market excluding LTR. The average CO2 rate of vehicles registered in long-term rental in the 2nd quarter of 2020 is 134.3 g/CO2 per km, compared to 136.7 g/CO2 per km for the rest of the market. Emissions from the LTR fleet are therefore 1.8% lower than emissions from the rest of the automotive market.

58.8% (59 099)

29.3% (29 471)

11.9% (11 944)

63.4% (109 270)

31.8% (54 813)

4.8% (8 255)

Q2 2020

Q2 2019

DIESEL registrations GASOLINE registrations ELECTRIC + HYBRID registrations

In brackets : number of registrations

4 | The LTR in figures(SesamLLD Members data)

PASSENGER CAR . TOP 10 LIGHT COMMERCIAL VEHICLE . TOP 10

Q2 2020 Remind Q2 2019

1 RENAULT CLIO RENAULT CLIO

2 PEUGEOT 208 PEUGEOT 208

3 RENAULT MEGANE RENAULT MEGANE

4 RENAULT TWINGO PEUGEOT 3008

5 PEUGEOT 3008 RENAULT CAPTUR

6 CITROEN C3 PEUGEOT 308

7 RENAULT CAPTUR CITROEN C3

8 RENAULT KADJAR RENAULT SCENIC

9 PEUGOT 308 RENAULT TWINGO

10 MERCEDES CLASSE A RENAULT KADJAR

Q2 2020 Remind Q2 2019

1 RENAULT KANGOO RENAULT KANGOO

2 RENAULT TRAFIC CITROEN BERLINGO

3 CITROEN BERLINGO RENAULT TRAFIC

4 RENAULT PARTNER PEUGEOT PARTNER

5 PEUGEOT EXPERT PEUGEOT EXPERT

6 CITROEN JUMPY CITROEN JUMPY

7 MERCEDES VITO PEUGEOT BOXER

8 PEUGEOT BOXER MERCEDES VITO

9 FORD TRANSIT CONNECT RENAULT TRANSIT

10 FORD TRANSIT CUSTOM

FORD TRANSIT CUSTOM

VP VUL & VS

RENAULT KANGOO

RENAULTTRAFIC

CITROENBERLINGO

RENAULT CLIO

PEUGEOT208

RENAULT MEGANE

1

2 3

1

2 3

Source :

The letter Sesamlld / 03

Associated members

1 917 576TOTAL MANAGED STOCK

Sesam LTR’s member represent of

the global market

LTR STOCK MANAGED

5 | Long term rental data(Associated members data)

TOTAL PARC CIRCULANT LLD

Number of units

Change over the quarter

Change since the start of the current

year

Change over the last 12

months(Q2 2020/Q2 2019)

30.06.19 1 417 089 +2,2% +2,9% +5%

30.09.19 1 437 833 +1,5% +4,4% +5,2%

31.12.19 1 455 195 +1,2% +5,7% +5,7%

31.03.20 1 450 637 -0,3% -0,3% +4,6%

30.06.20 1 457 917 +0,5% +0,2% +2,9%

FLEET MANAGEMENT

Number of units

Change over the quarter

Change since the start of the current

year

Change over the last 12

months(Q2 2020/Q2 2019)

30.06.19 452 144 +3,1% +6,1% +12,6%

30.09.19 449 700 - 0,5% +5,6% + 9,4%

31.12.19 457 074 +1,6% +7,3% +7,3%

31.03.20 463 777 +1,4% +1,4% +5,7%

30.06.20 459 659 -0,9% +0,6% +1,7%

91 %

PARC TOTAL GÉRÉ Number of units

Change over the quarter

Change since the

start of the current year

Change over the last 12

months(Q2 2020/Q2 2019)

30.06.19 1 869 233 +2,4% +3,7% +6,7%

30.09.19 1 887 533 +1% +4,7% +6,1%

31.12.19 1 912 269 +1,3% +6% +6%

31.03.20 1 914 414 +0,1% +0,1% +4,9%

30.06.20 1 917 576 +0,2% +0,3% +2,6%

Members

The letter Sesamlld / 04

Source :