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Follow on Google News | New Market Research Report: Israel Autos Report 2011Recently published research from Business Monitor International, "Israel Autos Report 2011", is now available at Fast Market Research
We forecast that sales figures will increase by 9.7% in 2011 and will continue to steadily rise over the next four years resulting in 293,274 vehicles being sold in 2015. This will add a total of US$9.75bn to the industry. As sales continue to rise, BMI also forecasts that car ownership will experience an increase with 2011 seeing 38.83% of the population owning a car and rising until the end of our forecasted period with 45% of the population owning a car by 2015. As a result of the increase in sales and car ownership, BMI expects real GDP to rise over the next four years resulting in an increase of 2.5% by 2014 and 2015. Nominal GDP is predicted to increase from US$219.90bn in 2010 to US$303.90bn in 2015. BMI also predicts that the population of the country will rise from 7.6mn in 2010 to 8.2mn in 2015. This will have a significant impact on the purchase of new vehicles. Elsewhere in the industry, the initial testing of Renault's hybrid Fluence car was successful and led to the Israeli government commissioning the import of 13 vehicles into the country in order to complete the trials. The cars will be sold commercially once Israeli standards for recharging, service and maintenance have been met. They will be available in dealerships at some point in 2011. Working together with Californian based electric vehicle company Better Place, Renault aims to build a network which will offer recharging points next to parking spaces and battery replacement stations for longer trips. A monthly fee will be charged to cover the price of the car, the battery and grid usage. If the plan works out, Israel will be one of the first countries in the world with a complex infrastructure for all hybrid vehicles. Meanwhile, Israeli car importer and distributor Delek Motors saw its revenue and profits slump after the yen gained strength. The company reported a 26% year-on-year (y-o-y) decline in revenue to ILS1.07bn for Q310, compared with ILS1.45bn in Q309. A drop in sales also reduced income as sales for January to September 2010 fell 2.7% y-o-y to 30,627 units, comprising 22,837 Mazda cars and 7,790 Ford cars. Sales for Q310 alone fell 28% to 9,699 units. There is expected to be further pressure on Delek in 2011, as the tax rate on company cars will be increased from 2.04% of the purchase value to 2.5%. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Israel Autos Industry SWOT - Political SWOT Analysis - Economic SWOT Analysis - Business Environment SWOT Analysis Regional Overview - Impact Of The Economic Crisis In Middle East And Africa - Change Ahead For The GCC - Trouble In South Africa And Turkey, Uncertainty In Iran - Impact On Production Business Environment Ratings - Table: Middle East And Africa Business Environment Ratings Industry Forecast Scenario - Sales - Sales - Other Indicators - Production - Parts & Components Macroeconomic Forecast Scenario - Table: Israel - Economic Activity Competitive Landscape - Industry Developments - Company Developments - Commercial Vehicles Company Monitor - Regional Case Study: Nissan Motor - Production - Table: Nissan MEA Production Facilities - Sales - Table: Nissan MEA Distributors Company Profiles - Colmobil Group - Delek Motors - Mazda Motor & Ford Motor BMI Methodology - How We Generate Our Industry Forecasts - Sources Appendix - Regional Demographic Data - The Long View - Data Over The Economic Cycle, 2000-2007 - Population - Household Spending Per Capita, US$ - Private Consumption Per Capita, US$ PPP - Market Size, GDP, US$bn About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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