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Wednesday, January 02, 2008

Israeli Car Industry: Business Is Good!

While the auto industry in the US is going through their own trials and tribulations, the Israeli car industry is experiencing nothing but sunshine.

(Globes Online) Israel's automotive sector ended one of the best years in its history yesterday, with more than 190,000 new cars, including taxis meeting Israel's roads in 2008. Nearly all importers saw double digit growth in deliveries, across all segments in 2007, compared with 2006, with the family vehicle segment recording exceptionally strong growth, including the niche and luxury vehicle segments.

Israel's strong auto market is a bit of a mystery (note: at least to me), but it may have something to do with the new hybrid demand as well as stronger purchases by businesses instead of the typical consumer.

Related Note: Israel may once again revolutionize the world next year when their flying car debuts.

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