Iceland Iceland - New motor vehicle registrations

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Vehicle registrations - Iceland. December of 2022

Icelanders passenger car registrations rise

In December, vehicle registrations in Iceland grew by 23.47% with respect to December of 2021. In total, 1,652 cars were registered and 18,516 new cars were sold in the last twelve months, 29.51% more than the year before.

The breakdown of car sales figures for the month of December is:

  • Commercial vehicles sold: 196, 94.06% more than in December of 2021.
  • Passenger cars regitrations: 1,456, which represents a figure of 17.7% more than in December of 2021.

Iceland is the 86th-placed country in ranking of 137 countries based on number of vehicle registrations.

A very useful variable for estimating the level of economic wealth enjoyed by Icelanders residents, when compared to the other countries in the ranking, is the number of vehicles sold or registered per thousand residents in the last year. With annual sales of 47.75 cars per 1,000 residents, 4.26 of them in the last month, Iceland, occupies second place, so, compared to the other countries in the ranking, its population has a good standard of living.

As can be seen, the number of registrations per thousand residents has fallen in the last year. A drop in registrations generally indicates a fall in consumer confidence and, when it is sustained, a recession in the real economy.

Changes in Icelandic vehicle registration numbers are shown in the tables below. As several studies indicate, these changes are very much related to changes in GDP and, hence, to a country's economic situation. Sales have grown since 2012, as 8,508 were produced that year as have the number of registrations per thousand residents, which that year numbered 26.43.

Here we show you the progression of vehicle registrations in Iceland. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Iceland in en Icelandic economy.

Iceland - New motor vehicle registrations
DateCommercial vehicles MonthPassengers vehicles MonthMonthly vehicle salesMonthly Vehicles/ 1,000 p.Commercial vehicles YearPassengers vehicles YearAnnual vehicle salesAnnual Vehicles/ 1,000 p.
December 20221961,4561,6524.261,88916,62718,51647.75
November 20221081,2951,4033.731,79416,40818,20248.38
October 2022818118922.371,82716,08117,90847.60
September 20221601,1941,3543.601,85216,05817,91047.60
August 20222279791,2063.211,77316,03717,81047.34
July 2022961,6251,7214.571,67315,85917,53246.60
June 20222172,4912,7087.201,70215,97817,68046.99
May 20222702,2222,4926.621,66015,32216,98245.14
April 20221751,4031,5784.191,54114,43915,98042.47
March 20221561,4511,6074.271,49313,81715,31040.69
February 2022988169142.431,46513,32314,78839.30
January 20221058849892.631,45913,06114,52038.59
< 2021 2023 >
Iceland - New motor vehicle registrations
Iceland - New motor vehicle registrations