Israel Vehicles Market strongly recovered in May after the April’s awful performance, as lockdown measures were eased. Indeed, 10.347 units were sold in May (-51.2%), leading Year to Date figures to 98.021 (-21.4%). Hyundai matched the market trend, while holding 18.8% share.
Israel Vehicles Market in May
After the halt in April, where registrations plummeted 88.7%, the car market has definitely improved in May. Indeed, the ease of lockdown measure throughout the country allowed business activities to reopen and the market reported a strong recovery.
Indeed, 10.347 units were sold in May (-51.2%), leading Year to Date figures to 98.021, down 21.4% from the previous year.
In the competitive landscape, the leader Hyundai matched the market trend in May, while holding 18.8% share. Chevrolet signed the best top 10 performance, together with Seat, actually 6th – up 4 spots from 2019 – in the year to date ranking.
Post Covid19 Market Trend
In order to tackle the Coronavirus outbreak throughout the country, the Israeli Government initially imposed closure for non-essential businesses from March 15, while the national state of emergency and stricter regulations were introduced from March 19.
As a result, the light vehicles market dropped 36.1% in March with 18.594 units sold, ending the first quarter at 85.111, down 7.1%.
In April, the market reported almost a complete halt, with registrations at 2.563 (-88.7%).
Medium Terms Market Trend
During the last decade, the Israeli car market has steadily grown, fueled by the country’s consistent development. In 2016 auto sales hit the new all-time record, with 286.701 units sold. Then the market reached saturation and – despite the economic environment was unchanged – the demand decelerated and sales declined three years in a row, with 253.800 registrations in 2019.
In the beginning of 2020, according to the data released by the Israeli Department of Transportation System, the market started with a positive tone, with Year to Date February sales at 66.157, up 6.5%.
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.