In 2018, there was a turnaround in the sale of used cars from leasing companies.About 40% of the transactions were carried out by direct sales to customers without the need for agents or used-car dealers.Noam Razi, vice president of sales at Operate Lease, which is equally owned by Tiferet Group and Meir Group, noted that at the end of 2018 there was a 7% increase in sales of used cars compared to the corresponding period last year. In November, more than 700 vehicles, valued at approximately NIS 50 million, were purchased.
console.log("catid body is "+catID);if(catID==120){document.getElementsByClassName("divConnatix")[0].style.display ="none";var script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1i_12258'); document.getElementsByClassName('divAnyClip')[0].appendChild(script);}else if(catID!=69 && catID!=2){ document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://static.vidazoo.com/basev/vwpt.js'; script.setAttribute('data-widget-id','60fd6becf6393400049e6535'); document.getElementsByClassName('divVidazoo')[0].appendChild(script); }During 2018, the company sold about 5,000 vehicles, valued at NIS 350 million.Of all cars sold in November and December, 38% of the transactions were trade-ins and 33% of transactions were financing deals.Operate Lease owns a fleet of about 12,000 vehicles.