It was estimated that SUVs formed the most valuable segment in the passenger car market in Israel during 2024, valued at over 6.8 billion U.S. dollars. It was followed by medium-sized cars, forecast to generate over 1.5 billion U.S. dollars in revenue. In contrast, the luxury car market in the country was expected to make less than 100 million U.S. dollars that year.
Passenger vehicle market revenue in Israel in 2024, by segment
(in million U.S. dollars)
Data provided by Statista Market Insights are estimates.
The Mobility Market specifically covers newly sold passenger cars, including small, medium, executive, and luxury cars as well as SUVs, minivans, and sports cars. However, motorcycles, buses, trucks, large vans, and light utility vehicles are not included. The market's segmentation is based on several factors, including physical properties (weight, volume, wheelbase) and economic factors (pricing, status, etc.). All key figures shown represent the sales of new cars in the basic configuration in the respective year. Used vehicles are not taken into account, nor is adapted equipment for the new cars sold. The prices and revenues shown as well as the distribution of connectivity, drive types, autonomy levels, and average CO2 emissions are accordingly based on the basic models. Importantly, our focus is solely on the market for newly sold cars, distinct from the broader category of registered cars.
The Passenger Cars market is divided into further markets for small cars, medium cars, executive cars, luxury cars, SUVs, minivans, and sports cars. Additionally, it delves into different car brands, offering a comprehensive view of the market.
Insights are centered on newly sold cars in standard configurations, excluding used vehicles and customizations. Reported statistics align with base vehicle configurations, ensuring a focused understanding of the dynamic passenger car market.
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Statista. (October 7, 2024). Passenger vehicle market revenue in Israel in 2024, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/forecasts/1497578/israel-passenger-vehicles-market-by-segment
Statista. "Passenger vehicle market revenue in Israel in 2024, by segment (in million U.S. dollars)." Chart. October 7, 2024. Statista. Accessed November 24, 2024. https://www.statista.com/forecasts/1497578/israel-passenger-vehicles-market-by-segment
Statista. (2024). Passenger vehicle market revenue in Israel in 2024, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/forecasts/1497578/israel-passenger-vehicles-market-by-segment
Statista. "Passenger Vehicle Market Revenue in Israel in 2024, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 7 Oct 2024, https://www.statista.com/forecasts/1497578/israel-passenger-vehicles-market-by-segment
Statista, Passenger vehicle market revenue in Israel in 2024, by segment (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1497578/israel-passenger-vehicles-market-by-segment (last visited November 24, 2024)
Passenger vehicle market revenue in Israel in 2024, by segment (in million U.S. dollars) [Graph], Statista, October 7, 2024. [Online]. Available: https://www.statista.com/forecasts/1497578/israel-passenger-vehicles-market-by-segment