Prices of new cars to rise sharply after Passover
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Israel’s car or truck marketplace is making ready for a wave of price tag increases right after the Passover holiday getaway next week. Commonly price ranges of new cars and trucks rise at the get started of the calendar year but car or truck importers assert that price ranges rises in the next quarter this year stem instantly from rate hikes by most auto companies as a outcome of the Russia-Ukraine crisis.

One big auto importer informed “Globes, “Auto brands are now dealing with a significantly unique and increased creation price base due to the sharp rise for factories in the world in latest months in electricity rates, raw products of all styles for cars, and rates rises for land and sea transportation and inflationary wage pressures.”




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Resources in the market say that the continuing lack of new cars and trucks worldwide, which worsened next output disruptions in China, allow for companies to pass on cost rises to importers ‘without bargaining.’ In addition, those resources incorporate that shipping prices have doubled from about $100 for every cubic meter in the second quarter of 2021 to about $200 per cubic meter these days. Delivery charges by itself insert 1000’s of shekels to the value of the automobile.

So far only the Lubinski Team, which imports Peugeot, Citroen, Opel and MG autos, updated its price listing at the starting of April, with the price tag of common products soaring by 2%-10%. Other importers are also contemplating cost rises on cars in the coming number of months which includes hybrid and electric vehicles.

Sources in the motor vehicle field say that the strength of the shekel has acted as a defend, avoiding even sharper cost rises but that nonetheless, cost rises are unavoidable.

Published by Globes, Israel business enterprise news – en.globes.co.il – on April 20, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


