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 MayAfter 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 TrendIn 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 TrendDuring 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 figuresIn the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.This content is for members only. Visit the site and log in/register to read.
Daily Habits Checklist #113
Wednesday July 08, 2020
Life in Vietnam has largely returned to normal. I’m very thankful for that. But I remain worried about (read: Twitter addicted to) the goings-on in the rest of the world. In particular, America seems to be undergoing the five stages of grief: Denial, Anger, Bargaining, Depression, Acceptance. It seems like the country has moved past […]
Ireland. Tesla boomed in May while the market collapsed 72.4%
Thursday June 18, 2020
Irish cars market reported another sharp drop in May 2020, as anti-Covid19 restrictions measures were only partially eased much later than other European countries. Indeed, 1.736 units were sold in May (-72.4%), leading Year to Date sales to 52.926 (-32.9%). Land Rover, Mini, Volvo and Fiat contained the losses. Irish Cars Market in MayAfter a complete […]
The post Ireland. Tesla boomed in May while the market collapsed 72.4% appeared first on Celadon Saigon.