Israel Q1 car deliveries strong despite supply disruptions

Car deliveries were very strong in Israel in the first quarter of 2022, despite the shortage of chips and the resulting supply chain disruptions. In the first quarter of 2022, 100,594 new cars and commercial vehicles were delivered, 10% less than in the same period of 2021. There were 27,788 deliveries in March alone, an increase of 4% compared to March 2021.

In terms of brands, Hyundai led the way in the first quarter of 2022 with 18,402 deliveries, 16% more than in the first quarter of 2021. In second place was Toyota with 13,895 deliveries, an increase of 6% compared to the first quarter of 2021. and in third place was Kia with 12,518 deliveries, 7% more than last year. Mazda was fourth with 5,567 deliveries, down 4% and Skoda, the only European brand in the top five, saw deliveries fall by 44%.

Hyundai Motors, which also produces the Kia brand, dominates the Israeli market with 34% of new deliveries in the first quarter of 2022.

In the first quarter of 2022, 4,400 electric vehicles were delivered, accounting for 4.3% of all deliveries. Tesla led this sector with 1,452 deliveries and a 34% market share. In addition, 4,450 plug-in cars were delivered under the leadership of the Kia Niro.

Most major car importers in Israel have a backlog of new orders extending into the third quarter and beyond.

Published by Globes, Israel business news – en.globes.co.il – on April 5, 2022.

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