In the wake of the 17% drop in the shekel-euro exchange rate since the beginning of the year, Peugeot-Citroen importer David Lubinski Ltd. has slashed prices for a range of models to reflect the prevailing exchange rate and the carmaker's policies. Lubinski is the second importer of European cars to cut prices, following Mercedes Benz importer Colmobil Ltd.
Prices for low-end Peugeot 107 with an automatic gearbox were cut by NIS 5,000 to NIS 74,900, and the price for the model with a manual gearbox was cut 4% to NIS 71,990. A Peugeot 207 automatic with a 1.6-liter engine will now cost NIS 102,000.
The price of the seven-seater Peugeot 308SW automatic with a 1.6-liter engine and sun roof was cut by NIS 5,000 to NIS 149,990. The price of the Partner Extra commercial van was cut by NIS 7,000 to NIS 135,000.
The price of the Citroen Jumpy Van with a 2.0-liter engine and manual gearbox was cut by NIS 10,000 to NIS 184,000.
Lubinski VP sales Amir Manes said, "Due to a number of factors, including compensation in the euro exchange rate and the manufacturer's policy, we decided to offer a number of models especially attractive."
Published by Globes [online], Israel business news - www.globes-online.com - on May 24, 2010
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