Delivery of new cars fell by 13% in the first half of 2022

The decline in supplies of new cars in Israel is attributed to global supply chain problems rather than a dampening of demand for new cars.


159,000 new cars were delivered in Israel in the first half of 2022, a decrease of 13% from 2021. The decrease is attributed to global supply chain problems rather than a dampening of demand for new cars. The sharp rise in new cars coming on Israeli roads over the past 18 months is part of a global trend that started during the Covid pandemic.

This global trend was highlighted in a research study published last week by Continental. The study, which focused on Germany, the United States, China, Japan and other countries, concluded that the car would remain the primary mode of transportation for the foreseeable future. Continental found that in the countries surveyed – countries with more developed road infrastructure than Israel – only one in ten people used public transport on a daily basis.







But since the study was conducted, a new obstacle has emerged regarding travel by car, which could dampen the demand for new cars – the price of gasoline soaring worldwide in the wake of the war between Russia and Ukraine. Last week, the price of 95 octane petrol at self-service pumps in Israel will increase by 0.36 NIS to 8.08 NIS per liter and is rapidly approaching its record high of 8.25 NIS per liter. liters 10 years ago.

Published by Globes, Israel business news – en.globes.co.il – on July 4, 2022.

© Copyright by Globes Publisher Itonut (1983) Ltd., 2022.



Gas Station Line Credit: Cadya Levy

Gas Station Line Credit: Cadya Levy

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