New car deliveries soar in November

Israel's jammed roads

The number of vehicle deliveries in 2014 so far is up 17% over last year.

Israel's vehicle market is moving towards a new record. In November, 19,754 new cars were delivered, up 17% from November 2013.

The number of new vehicle deliveries in the first 11 months of the year was 229,294, up 14% from the corresponding period of 2013.

Hyundai is the leading carmaker in terms of deliveries in Israel with 27,980 new vehicles sold this year, down 4% on last year. In second place is Toyota with 23,687 delibveries, up 29% and in third place is Kia with 22,915 deliveries, up 26%. In fourth is Mazda with 15,405 deliveries, up 67% and in fifth is Skoda with 12,415 deliveries, up 4%. In sixth is Suzuki with 12,158 deliveries, up 37%.

Market sources believe that the 2015 price lists for new vehicles, which will be published, will include prices rises of 2-4%. This is because of the sharp depreciation of the shekel and a reduction in green tax benefits from the start of 2015. Leasing companies report that some car importers have already reduced the discounts that they have been given in the past.

Published by Globes [online], Israel business news - www.globes-online.com - on December 2, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

Israel's jammed roads
Israel's jammed roads
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