Israel Vehicles Market in 2017 at the second best sales level ever, not hitting the previous year record just for few thousand units. While leadership was solid in the hands of Hyundai and Kia, the fastest growing brand had been Suzuki, Nissan and Dacia.
Preliminary showed full-year Israel economic growth slowing in 2017 from a year earlier, despite posting a sharp annualized acceleration in Q3—the most recent period for which quarterly data is available. Domestic demand experienced a broad-based slowdown in 2017, despite record-low interest rates throughout the year and strong leading data as it drew to a close: Unemployment was low through November, while survey data for consumer and business confidence hovered near record highs in November and December. Growth in exports of goods and services was broadly stable in 2017, showing resilience despite the appreciation of the shekel.
Israeli car market in the 2017 has broken the series of all time record. Indeed, during the previous five years light vehicles sales figures grew up uninterruptedly fueled by stable strong GDP growth and high level of investments, with the all time record signed last year at 286.000 units. In the 2017, according to the data released by the Israeli Department of Transportation System,the market consolidated the results, with the second best sales level, at 281.557 units (-1.8%).
2018 Outlook is still positive and the market is foreseen around the 300.000 units.
At brand-wise, the top four positions unchanged with Hyundai market leader with 13.1% of share, 36.775 sales (-5.9%) followed by Kia with 35.663 units (-6.3%), Toyota with 31.103 (+3.5%) and Skoda with 21.743 (+11.4%).
Up in fourth place Suzuki with 16.619 sales (+23.9%) followed by Nissan with 14.342 (+23.0%), Mazda with 13.033 (-8.9%), Renault with 13.006 (+20.6%), Mitsubishi with 10.863 (-39.6%) and in 10th place Seat with 8.471 (+1.3%).
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group.