In those 20.000 square km along the south east Mediterranean cost, where the independent state of Israel was created after the II World War, the stones are full of history, religion, deaths and hopes. The 7.5 million people, of which 75% are Jewish, live concentrated in their towns (urbanization index at 92%), living between peace and war.
The Israel economy is based on high technology activities, service, tourism and agriculture. The global financial crisis of 2008-09 marginally hit this country, thanks to the government's conservative economic policy based on strong control of cost and a resilient banking sector. The economy has recovered better than most advanced, comparably sized economies, with GDP increased 4.8% in 2010 and 2011. The pro capita income at US $ 31.000 is increasing year after year and the unemployment rate is declining (5.6% in the 2011). The infrastructure network is well developed with 49 airports, 1.000kms of railways and over 18.000 paved roadways.
April was really positive for the car market in Israel, with sales soared 20.0% from last year. Following the declining first quarter, the market recovered and year-to-date sales were up 2.1%. Toyota and Mazda posted an awful performance.
Following the 2012 9% decline, the car market in Israel started this year with the first quarter down 2.3% from last year, due to a double digit March loss. Nissan and Renault had been the quarter winners, gaining a total of 2 points of share.
Following the record volume posted in the previous year, in 2012 the car market in Israel had lost 9.2%. While Hyundai confirmed its leadership, Ford doubled sales surging in second place, while Mazda collapsed from 2nd to 6th place.
October was moderately positive for the car market in Israel after the sharp drop reported in the previous month. Hit by declining economy, the market dropped 6.7% in the first 10 months of the year. Ford and Kia posted an impressive month.
In August the Israel car market posted 17.726 sales, up 8.1% from last year, following the 4.3% increase posted in July. Year-to-date August sales were 147.834, down 5.4%. Hyundai was leading with 13%, while Toyota in 2nd was very close.
In the first part of 2012, the car market was renovating all the competitive positions, while declining in volumes from 2011 all-time record. The first half sales were 109.456, down 7%from last year. The former leader, Mazda, felt in 7th position.