Israel Autos Report 2015 - Business Monitor International - Industry Reports

Israel Autos Report 2015

Israel Autos Report 2015 - Business Monitor International - Industry Reports
Israel Autos Report 2015
Published Dec 27, 2014
57 pages — Published Dec 27, 2014
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Abstract:

Although BMI had been concerned that the conflict in Gaza during Q--- would undermine new vehicle sales in Israel - which were down by --.- year-on-year (y-o-y) in the month of July - there was no lasting effect. So, based on current buoyant sales trends, BMI is targeting full-year total new vehicle sales of around ---,--- units, representing annual growth of around -- . ...Turning to private consumption, a key indicator of likely demand for new vehicles, we are forecasting growth of -.- , up from - in ----. Low interest rates - the Bank of Israel cut interest rates twice over Q--- to take the policy rate to -.-- - should also prove supportive to vehicle demand, as they feed into lower rates for car loans, which will aid those Israeli consumers dependent on auto financing for new car purchases. In this context, we believe that there may be a further -.- cut in Q---, with these ultra low rates set to endure across H---. ...One corollary of lower interest rates means that the shekel will continue to weaken against the dollar, which will increase the cost of US-built cars to Israeli citizens and could therefore continue to support the current dominance of Asian players on the local market. There is no significant domestic car production currently being carried out within Israel, although there are two locally-based manufacturers of military vehicles - AIL and Plasan - who produce a range of specialist vehicles for use by the Israeli Defence Forces.

...Aviv, known as HackCars, which allowed programmers, start-up companies and other IT entrepreneurs to present their ideas and apps for improving car safety and performance. There is speculation that other Japanese manufacturers may look to follow Toyota s lead and look to tie-up with Israeli tech companies in the future, to come up with new safety or performance applications within the auto sector. ...There is speculation that other Japanese manufacturers may look to follow Toyota s lead and look to tie-up with Israeli tech companies in the future, to come up with new safety or performance applications within the auto sector. Looking at the most recent sales data (for January-October ----), Hyundai Motor remains the leading player on the Israeli new light passenger vehicle market, selling --,--- units for a market share of --.- , according to figures from the IVIA. However, its market share is down from --.- in the January-October ---- period. ...There are company profiles (including SWOT Analysis) for Colmobil (Hyundai Motor, Mercedes-Benz, Mitsubishi Motors and Freightliner) and Delek Motors (Mazda, Ford, BMW and MINI) in this report. Among the leading sellers of heavy commercial vehicles (HCVs) on the Israeli market are German truckmaker Mercedes-Benz, alongside Swedish truckmaker Volvo Trucks and US automaker Chevrolet.

...However, the Israel Corporation is a -- shareholder (alongside Chery Automobile) in Qoros Auto, which was founded in ----. The company s first car - the Qoros -, a mid-size four-door sedan - was launched onto the Chinese market in early ---- and has now been joined by a hatchback version, with a sport utility vehicle (SUV) also reportedly ready to be launched before year-end. ...

  
Source:
Document ID
1748-9970
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Israel Autos Report 2015" Dec 27, 2014. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Israel-Autos-Report-2015-2026-1083>
  
APA:
Business Monitor International - Industry Reports. (2014). Israel Autos Report 2015 Dec 27, 2014. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Israel-Autos-Report-2015-2026-1083>
  
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