The figures for car deliveries in Israel in October released last week look fairly tepid: slightly more than 19,000 new cars took to Israel’s roads last month, and October has seen higher figures in past years.

The cumulative figure of 288,000 vehicles for the year to date represents a rise of only 15% over the figure for the corresponding period of 2019, before the outbreak of the Covid-19 pandemic. In other words, the market has recovered the sales lost in 2020 because of lockdowns and the economic situation.

Net addition grows

In normal years a not insubstantial proportion of new vehicles that appear in the formal delivery lists do not actually reach the end customer and do not go onto the roads. This happens for example in the case of vehicles bought by leasing companies for their stocks in order to be sold to customers as “secondhand from leasing”, sometimes many months after the purchase, in what is known as the “zero kilometers market”.... Read More: Globes