Israel Auto Sales 2016 at new all time record again, third in a row and fifth out of the last seventh year. The impressive trend moved the country ranking up to the World’s 34th.
Market Outlook
Exports of goods and services swung back to a moderate expansion in 2016 after contracting in 2015, despite the strength of the shekel against the U.S. dollar and imports soaring—implying a remarkable improvement in the exporting sector. Household expenditure is expected to cool down in 2017 after rising strongly last year. FocusEconomics panelists expect growth of 3.3% in 2017, which is unchanged from last month’s forecast.
The domestic automotive sector kept the positive tone reporting the new all time record volume, third in a row and fifth out of the last seven years. consecutive year, raising sales near the 0.3 million units.
According to data released by the Israeli Department of Transportation System, in total new light vehicles sold in the year were 285.524 (+12.1%)
The market is now the World’s 34th, up two spots.
Competitive Arena
Market leader was Hyundai with 39.086 units (+25.1%) ahead of Kia and Toyota respectively up 13.0% and 2.6% at 38.069 sales and 30.040. Among the sharpest growths of the year were recorded for Ford, Dacia, Citroen, Mercedes and Honda, while the best performers were Jaguar and Smart, improving 132.4% and 400.0%
MG posted the worst performance losing 67.7% followed by Cadillac, Mazda and Infiniti.
The Kia Sportage was the first ever crossover on top of the models ranking with 14.072 units (+28.7%), outpacing the previous leader Kia Picanto with 13.332 (+5.0%). The Hyundai Tucson, the crossover imported in Israel by the company «Callmobile», ranked third with 11.856 sales.
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.
