An annual review of the vehicle sectors published by the Israel Tax Authority revealed a 25% increase in tax revenue from vehicles sales in 2014 up to NIS 9.4 billion.
A record number of 279,000 motor vehicles of all makes and models were sold in Israel boosted by a 24% increase in imports.
The relative jump compared to 2013 is even more impressive because that year was one of the most successful in the history of the Israeli automotive industry. The average tax on a vehicle in Israel last year was over NIS 32,000.
