It may never have been economically profitable to own a car in Israel as in the last six months, and those who tried to sell their car during this period must have noticed an increase in used prices - even above the list price.
This is due to the low supply of new vehicles, as in the last two years the production of chips has often been stopped due to the closure of factories.
The shortage and long waiting times for a new car caused the prices to rise, and accordingly the demand for the used car increased.
"There is a reaction here of a shortage of new vehicles and an increase in demand," a senior figure in the automotive industry told Economy Today.
He said, "If until today we sold second-hand vehicles at 15% less than the price list, today we sell the popular models at the list price plus 5% -3%. On the Skoda Kodiak from the 2019-2018 yearbooks, for example, I can get NIS 10,000 above the price list. The prices of unpopular models are also close to the list price.
"The lots are begging for cars because there is not enough goods, and used prices will continue to rise as the shortage continues. I am in touch with the importers, and the situation is not encouraging. The crisis of shortage of vehicles will continue beyond 2022."
Efrat Segev, VP of Data and Analysis at Dun & Bradstreet: "In 2020, the industry was affected by the Corona crisis, but in the past year there has been an increase in demand for vehicles.
"Along with the global chip crisis that has delayed vehicle production, the expectation is for a peak of dedication of more than 300,000 vehicles by 2021 as a whole."
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