Chinese Electric Vehicles Drop Sharply in Value, Creating Used-Car Bargains in Israel

The Israeli car market in 2026 is marked by chaos, with importers offering numerous discounts on new models. Chinese electric vehicles (EVs), in particular, are experiencing steep price drops both for new sales and in the used-car market. Their technology ages quickly, and electric car sales are declining, leading to nearly new EVs appearing in the used market at rock-bottom prices. This price correction reflects a more realistic value for buyers, presenting an opportunity despite some quality and range limitations.

Several Chinese EV models illustrate this trend. The JAC 5 EV, a popular SUV based on Chery components, has lost 30% of its value within a year, dropping from 151,000 to 104,000 shekels. While it offers spaciousness and decent features, its 300 km range and rear seat discomfort limit appeal, especially as the hybrid version is aggressively promoted.

The Hongqi EHS 7 CORE, a luxury SUV by FAW, saw a 34% price plunge from 229,000 to 151,000 shekels. Despite good equipment and space, poor driving dynamics, complex controls, and an unpopular design have hurt its market success in Israel.

The Lipmotor C10, from Stellantis’ Chinese brand, fell 35% to 110,000 shekels. It is roomy and well-equipped but suffers from a poor image, slow single-phase charging, and brand instability, with frequent relaunches and price cuts.

Lastly, the Maxus Mifa 7 minivan, imported by two competing companies, dropped about 35% in price to around 139,000 shekels. It offers genuine six-passenger space and reasonable quality but faces limited demand outside specific communities like Bnei Brak and Beit Shemesh. Intense importer competition has further eroded its value.

These sharp depreciations reflect a market adjusting to rapid technological changes, brand challenges, and consumer preferences, ultimately benefiting buyers seeking affordable electric vehicles in Israel’s evolving automotive landscape.