The shortage of vehicles due to the chip crisis continues to bear its mark in the Israeli car market, but still the first quarter of the year was very strong. In January-March 2022, 100,594 private and commercial vehicles were delivered in Israel, a decrease of 10% compared to the corresponding period last year. In March alone, 27,788 vehicles were delivered in Israel, an increase of about 4% compared to March last year.
Hyundai’s first-quarter dedication was led by Hyundai with 18,402 dedications, a 16% increase over the first quarter last year. In second place is Toyota with 13,895 dedications, an increase of 6%. In third place is Kia with 12,518 dedications, an increase of 7%. Mazda in fourth place delivered 5,567 units in the quarter, down 4%; While Skoda, the only European representative in the opening five, suffered a sharp drop of 44% due to a severe shortage of inventory.
The leading manufacturer in the first quarter was Hyundai Motors, with the brands Hyundai and Kia, which captured a record share of about 34% of all deliveries.
In the first quarter, about 4,400 electric vehicles were also delivered in Israel, about 4.3% of all deliveries. Tesla led the electric vehicle dedication with 1,452 dedications and a market share of about 34%. In addition, about 4,450 plug-in cars were delivered, led by Kia Niro.
A large proportion of importers currently hold an order backlog, which stretched until the third quarter and even beyond.