Despite worsening traffic jams and dwindling available parking, Israelis are still buying more cars than ever. In July, 23,000 new vehicles were delivered, up 17% from July 2014 and the highest July figure for five years. Since the start of 2015, 167,393 vehicles have been delivered, up 7.6% from last year, which was itself a record year.
The continued rise is due to orders from the leasing companies for operate leasing, rentals and resale. Prices can be as much as 30% under the price list due to the strength of the shekel against the dollar and especially the euro. Low interest rates also encourage buyers to take loans to purchase cars.
Hyundai continues to lead in terms of numbers of new cars delivered in Israel with 21,861 deliveries since the start of the year, up 3.7% on last year. Kia is in second place with 21,348 deliveries, up 33% from last year. Toyota is third with 18,937 deliveries, up 7.7% and Mazda is fourth with 11,567 deliveries, down 1%. In fifth is Mitsubishi with 10,577 deliveries, up 32% and in sixth is Skoda with 10,464 deliveries, up 16%.
Published by Globes [online], Israel business news - www.globes-online.com - on August 3, 2015
© Copyright of Globes Publisher Itonut (1983) Ltd. 2015