Israel January 2022: Hyundai (+14%), Kia (+6.6%) defy market down -22.7%

Hyundai sales are up 14% in a market down -22.7%.

According to our Israeli partner cartube.co.il, the Israeli new car market tumbles down -22.7% year-on-year in January to 37,404 units. However due to a 10 days delay in setting new license fee groups, importers only had 20 days and not a full month of sales, which explains part of the drop this month. Hyundai (+14%) and Kia (+6.6%) brave the difficult conditions to end the month at 22.4% and 14.3% share respectively vs. 14.9% and 13.7% over the Full Year 2021. Toyota (-21%) follows the market at #3 while Mazda (-7.4%) resists and gains six spots on December to #4. Mercedes (+26.9%) rallies back up 19 ranks on last month to #7 with 3.1% share vs. 1.2% over FY2021 and Citroen (-16.7%) outpaces the market but all remaining Top 10 members fall heavily: Mitsubishi (-48.8%), Subaru (-42.1%), Suzuki (-36.8%) and Skoda (-35.3%) are all in deep trouble. 

Previous post: Israel Full Year 2021: Market rallies back up 34.8%, Hyundai and Toyota Corolla stay on top

One year ago: Israel January 2021: Mazda, Renault headline record January (+15.6%), Seres lands

Full January 2022 Top 50 All-brands ranking below.