Green taxation: Israelis rush to buy new cars ahead of new tax regime

Port2port News Service
Aug 3, 2009 
 
The new tax regime which came into effect on August 1, sharply boosted prices for some vehicles
 
The few last days before the green taxation on cars came into effect, Israeli buyers bought luxury cars. The new tax regime which came into effect on August 1, sharply boosted prices for some vehicles.
 
July sales, according to local car dealers, are two to three times the monthly average, and high even compared with strong months.
 
Customs directorate sources reported last week that in the past week, importers had released thousands of vehicles in order to have them available before the new taxes come into effect.
Volkswagen importer reported that it had sold its entire inventory of premium models, including the Touareg SUV, Scirocco sports car, and Passat sedan.
 
Chrysler importer reported selling 40 cars in the past ten days also, more than double the average.
 
The Lexus agency received 80 orders last month, most of which will be delivered in the next few days.
 
Similar levels of sales had been reported by the dealers for Mercedes Benz, Audi, BMW, and Honda.
 

www.port2port.com