Israel. In 2019 vehicle market kept declining (-5.2%)

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Israel Vehicles Market in 2019 signed the 3rd year of decline in a row. Indeed, Total sales have been 253.819, down 5.1%, holding a flat trend in December at 5.035 (-1.3%). Hyundai held the market crown, reaching a peak of 15.9% of share and widening the gap from the follower, Toyota.

 

Economic Environment

Israeli economic growth was robust in the third quarter on strong private consumption, while fixed investment and exports contracted sharply. However, volatile vehicle purchases distorted the reading—as has been the case so far this year—while a rise in inventories also flattered the headline GDP figure, and underlying momentum was likely more modest. The economy had a largely soft start to the fourth quarter: In October, both consumer and business sentiment flagged, while merchandise exports plunged.

Meanwhile, in politics, the chance of further elections rose when Benny Gantz, leader of the Blue and White alliance, failed to form a government on 20 November, triggering a 21-day period to find an alternative path forward. However, political uncertainty is unlikely to have a major impact on growth for the time being.

Market Trend

During the last decade the Israeli car market has consistently grew up fueled by the continue development of the country. The all time record series ended in the 2016 with 286.701 sales. Then the market was filled and even if economic environment unchanged the demand slowered and sales declined moderately at 281.557 (2017) and 267.477 (2018).

In the 2019, according to the data released by the Israeli Department of Transportation System, the market persisted on the same line of the previous year, signing the 3rd consecutive year of loss.

Indeed, Total sales have been 253.819, down 5.1%, holding a flat trend in December at 5.035 (-1.3%).

Hyundai held the market crown, reaching a peak of 15.9% of share and widening the gap from the follower, Toyota. However, great attention is focused on Kia, which has raised its market share from near 10% in 2013 to 12.6%. Behind, after having gained more than 3 points of share in the last decade, Skoda has slightly lost terrain, holding 7.1% of the market.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.

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