Vehicle registrations - Iceland. February of 2020

Icelanders passenger car registrations fall in February

In February, vehicle registrations in Iceland fell by 14.58% with respect to February of 2019. In total, 797 cars were registered and 12,039 new cars were sold in the last twelve months, 37.13% less than the year before.

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

  • Commercial vehicles sold: 103, 21.97% less than in February of 2019.
  • Passenger cars regitrations: 694, which represents a figure of 13.36% less than in February of 2019.

Iceland is the 94th-placed country in ranking of 135 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 33.72 cars per 1,000 residents, 2.23 of them in the last month, Iceland, occupies 17th 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 2,389 were produced that year as have the number of registrations per thousand residents, which that year numbered 7.52.

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.
February 20201036947972.231,71410,45812,03933.72
January 20201567098652.421,74310,56512,17534.10
December 20191405877272.041,74910,70212,31834.51
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
June 20191271,3591,4864.162,00113,38915,39043.11
May 20191842,0132,1976.152,16314,62716,79047.03
April 20191621,2011,3633.822,22415,47217,69649.57
March 20191881,0741,2623.542,25516,08318,33851.37
< 2019
Iceland - New motor vehicle registrations
Iceland - New motor vehicle registrations