Business Monitor International


Israel Autos Report

Published 13 December 2013

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Israel Autos Report

BMI holds a cautiously optimistic stance on the outlook for Israeli new vehicle sales as we enter 2014. The past year has been fairly positive for new passenger car sales, which were up by 4% as of end-October 2013 (most recent data available as this report was being compiled), at 184,305 units, according to figures from the Israeli Vehicle Importers Association (IVIA).

This headline figure was made up of 150,364 passenger cars, 20,689 sport utility vehicles (SUVs), 10,019 vans and 3,233 pick-ups. Separately, truck sales (over 3.5 tonnes) totalled 7,292 units over the 10-month period, with bus sales standing at 1,857 units over the first nine months of the year. This makes for a total of 193,454 new vehicles sold over the first 10 months of 2013. On current trends, this would imply total new vehicle sales of 231,820 units in 2013, an increase of around 8% y-o-y. Across 2013, a stronger economic backdrop and somewhat calmer security situation both helped to push new vehicle sales higher, even despite the impact of changes to car sales taxes imposed by the government.

BMI believes that passenger car sales growth in 2014 will be slower than that for commercial vehicles, which could benefit from direct and indirect business activity associated with the start of natural gas production in the Tamar gas field. Turning to the wider macroeconomic backdrop, BMI's Country Risk team is targeting 3.2% GDP growth for Israel in 2014. We believe that the domestic economy will remain in a soft patch, with continued austerity measures hitting private consumption hard. As such, we expect economic expansion to remain sluggish over the coming quarters.

With regard to demand for private vehicles, we are expecting a slowdown in private consumption over 2014, to 3% growth, from 3.5% estimated for 2013. Other leading indicators continue to paint a relatively mixed picture of the domestic economy. The Bank Hapoalim's Purchasing Managers Index continues to decline steadily, having come...

Table of Contents

Executive Summary
5
SWOT Analysis
6
Israel Autos Industry SWOT
6
Israel Political SWOT
7
Israel Economic SWOT
8
Israel Business Environment SWOT
9
Global Overview
10
UK Boosts Europe, But Favourites Still Outperform
10
Table: Passenger Car Sales 8M12
10
Incentive Boom For Japan, US Powers On
11
Regional Overview
15
Industry Risk/Reward Ratings
17
GCC States Still Dominant
17
Table: Middle East And North Africa Autos Risk/Reward Ratings
19
Macroeconomic Forecast Scenario
20
Table: Israel - Economic Activity, 2011-2016
22
Industry Forecast Scenario
23
Sales
23
Table: Automotive Sales - Historical Data & Forecasts, 2010-2017
24
Table: Automotive Fleet - Historical Data & Forecasts, 2010-2017
25
Production
26
Trade
27
Competitive Landscape
29
Passenger Cars
29
Commercial Vehicles
29
Alternative Fuels
30
Suppliers
33
Company Monitor
35
Company Profiles
37
Colmobil Group
37
Delek Motors
38
Demographic Outlook
39
Table: Israel's Population By Age Group, 1990-2020 ('000)
40
Table: Israel's Population By Age Group, 1990-2020 (% of total)
41
Table: Israel's Key Population Ratios, 1990-2020
42
Table: Israel's Rural And Urban Population, 1990-2020
42
BMI Methodology
43
How We Generate Our Industry Forecasts
43
Sources
44

The Israel Autos Report features the latest data and forecasts covering production, sales, imports and exports.

Business Monitor International (BMI)'s Israel Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Israel.

Key Benefits

  • Benchmark BMI's independent automotives industry forecasts on Israel to test other views - a key input for successful budgetary and planning in the Israeli automotives market.
  • Target business opportunities and risks in the Israeli automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Israel.
  • Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts and views, covering production, sales and the introduction of new technology or products.

Global, Regional and Country Industry Overviews

In-depth analysis of the major global and regional developments in the market, which can be linked with the country industry overview, providing cross-country investment, product and financing trends that will affect each market, supported by BMI’s global and regional industry forecasts.

Business Environment Rankings

BMI's proprietary Autos Business Environment Rankings are a unique country-comparative Risk-Reward Rankings index that separately analyses the risks and rewards of operating in each market. It is aimed at investors (including manufacturers, suppliers and dealers) who seek to either identify and compare market opportunities, or evaluate country-specific operational challenges.

The rankings methodology makes sophisticated use of over 40 industries, economic and demographic data points.

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Total production value (US$bn); total production of units; production by vehicle-type (including cars, commercial vehicles, trucks and buses); total sales value (US$bn); sales by vehicle-type, including passenger cars and commercial vehicles (vans and microbuses, pickups, trucks and buses, 4 wheel drive); total exports by value (US$bn) and by units; total imports by value (US$bn) and by units; contribution to GDP; employment in industry.

BMI Economic Forecasts

BMI forecasts to end-2018 for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

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