Vehicle registrations - Iceland. June of 2020

Icelanders passenger car registrations fall in June

In June, vehicle registrations in Iceland fell by 38.22% with respect to June of 2019. In total, 918 cars were registered and 8,909 new cars were sold in the last twelve months, 42.11% less than the year before.

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

  • Commercial vehicles sold: 94, 25.98% less than in June of 2019.
  • Passenger cars regitrations: 824, which represents a figure of 39.37% less than in June of 2019.

Iceland is the 97th-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 24.47 cars per 1,000 residents, 2.52 of them in the last month, Iceland, occupies 22th place in the ranking.

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 2010, as 3,099 were produced that year as have the number of registrations per thousand residents, which that year numbered 9.76.

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.
June 2020948249182.521,4417,6018,90924.47
May 20201215166371.751,4748,1369,47726.03
April 2020773724491.231,5379,63311,03730.31
March 2020961,0781,1743.221,62210,46211,95132.82
February 20201036947972.191,71410,45812,03933.06
January 20201567098652.381,74310,56512,17533.44
December 20191405877272.001,74910,70212,31833.83
November 20191206427622.131,73410,59612,19734.17
October 20191476618082.261,81710,67612,36034.62
September 20191277158422.361,84710,81912,53335.11
August 20191331,893
July 20191278039302.611,93912,50314,44240.45
< 2019
Iceland - New motor vehicle registrations
Iceland - New motor vehicle registrations