New motor vehicles sales reached an all-time high of 226,000 in 2011, 4.3% more than in 2010.
New motor vehicles sales reached an all-time high of 226,000 in 2011, according to initial and unofficial figures collated by "Globes", 4.3% more than in 2010.
The slowdown in motor vehicle sales continued in December, with just 14,000 sales. However, importers say that their orders backlog for January-February from leasing companies and individuals is huge. The waiting list for some models is weeks and even months.
Motor vehicle industry sources believe that most buyers are still waiting for the Zelekha committee to publish its recommendations for increasing competition in the motor vehicles import and distribution market, and for clarification on prices. In addition, the Ministry of Finance has not yet published its updated Green Taxes regulations, which will raise prices for many of the most popular models on the market. The new regulations will probably be published in February.
Published by Globes [online], Israel business news - www.globes-online.com - on January 1, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012