There were more than 21,000 deliveries of new vehicles in May, 11% more than May 2013. Business in new vehicle sales in Israel remains brisk despite the fall being felt in many sectors of the economy. Between January and May 112,425 new vehicles were delivered in Israel, up 19.6% from the corresponding period of 2013.
In the sector sources believe that the brisk sales are in part a result of the continued strength of the shekel against the currencies of car manufacturing countries allowing importers to offer attractive discounts right across the market. At the same time, leasing companies are taking advantage of the discounts to top up inventories, and estimates are that the same rate of sales cannot be sustained in the second half of 2014.
Hyundai reclaimed first place as the bestselling car in Israel with 14,989 deliveries since the beginning of 2014, down 3.6% from the corresponding period, followed by Toyota in second place with 13,028 deliveries, up 63%. In third place is Kia with 11,032 deliveries, up 30%, followed by Mazda (8,404 up 58%), Suzuki (6,472 up 45%).
Published by Globes [online], Israel business news - www.globes-online.com - on June 2, 2014
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