Evolution of the Israeli car market
- The Israeli car market has evolved between 200,000 and 300,000 vehicles per year for the past ten years, the bar of 300,000 units having never been reached. However, it could be crossed in 2023 or 2024. In 2022, a volume of 269,504 vehicles were registered in this market, down slightly from 2021. Like the Saudi automotive market, the Israeli market is solely dependent on imports.
- The Israeli market is above all an SUV market, as these (especially C-segment) represent 147,000 units in 2022, i.e. 55% of total sales. Sedans represent 103,000 units (mainly C-segment) or 38% of total sales. The rest consists of 7,500 vans (3% of the market), 6,500 MPVs (2% of the market) and 5,500 pick-ups (2% of the market).
- By carmaker, the Korean group Hyundai-Kia consolidates its leading position in the Israeli market in 2022, with 30% of total sales, well ahead of the Toyota groups (14% of total sales) and Volkswagen (11% of total sales). Chinese brands already account for 7% of total sales. Despite the dominant position of Hyundai-Kia, we note that Japanese carmakers represent a total of 32% of the Israeli market, more than the Korean carmaker. Apart from Volkswagen and Stellantis, European carmakers are not very present in this market.
- By model, the Kia Picanto sold 12,968 units last year, ahead of the Toyota Corolla (10,748 units), Hyundai Tucson (7,443 units) and Mazda 2 (6,940 units). Note that battery electric vehicles were sold at 24,693 units (9% of total sales), full hybrids at 11,117 units and plug-in hybrids at 5,067 units.