Auto leasing picks up speed

Leasing companies bought between 60%-70% of all new cars sold in Israel in 2005, double their proportion of new car sales in 2000.

May 18, 2006 06:54
1 minute read.
car leasing 88 298

car leasing 88 298. (photo credit: Ariel Jerozolimski)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


Leasing companies bought between 60 percent and 70% of all new cars sold in Israel in 2005, double their proportion of new car sales in 2000, Business Data Israel said Wednesday. "The move to leasing indeed began in the hi-tech and computers sector, but in the past two years companies belonging to traditional industry, as well as small businesses, are adopting this method," the business research firm said, explaining that leasing cars frees companies from handling the cars' running maintenance, and helps in managing cash flow. The volume of turnover in the leasing sector grew 16% to NIS 6.7 billion in 2005 amid an "impressive growth surge," BDI said, adding that an estimated 120,000 vehicles are being sold through operational leasing, of which 80% are family cars. Leading the list of leasing companies in Israel was New Kopel-Shlomo, with NIS 2.2 billion in business and 600 workers; followed by Dan Vehicle & Transportation (Avis) with NIS 1.1b. in turnover and 625 workers; Eldan with NIS 950 million and 566 workers; Albar with NIS 900m. and 310 employees; and Kesher Rent-a-Car (Hertz) NIS 640m. in turnover and 430 employees. Avis and Eldan moved up in the hierarchy since last year, as Albar fell from second to fourth place.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection