Iceland Iceland - New motor vehicle registrations

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Vehicle registrations - Iceland. March of 2021

Fewer March passenger car sales in Iceland

In March, vehicle registrations in Iceland fell by 7.58% with respect to March of 2020. In total, 1,085 cars were registered and 10,251 new cars were sold in the last twelve months, 14.22% less than the year before.

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

  • Commercial vehicles sold: 128, 33.33% more than in March of 2020.
  • Passenger cars regitrations: 957, which represents a figure of 11.22% less than in March of 2020.

Iceland is the 95th-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 28.15 cars per 1,000 residents, 2.98 of them in the last month, Iceland, occupies 19th 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 2011, as 3,604 were produced that year as have the number of registrations per thousand residents, which that year numbered 11.32.

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.
March 20211289571,0852.981,1889,06310,25128.15
February 2021925546461.771,1569,18410,34028.40
January 20211026647662.101,1679,32410,49128.81
December 20201198049232.531,2219,36910,59029.08
November 2020875576441.771,2429,15210,39428.54
October 20201057408452.321,2759,23710,51228.87
September 2020871,0141,1013.021,3179,15810,47528.77
August 2020875816681.831,357
July 2020891,4801,5694.311,4038,2789,54826.22
June 2020948249182.521,4417,6018,90924.47
May 20201215166371.751,4748,1369,47726.03
April 2020773724491.231,5379,63311,03730.31
< 2020 2022 >
Iceland - New motor vehicle registrations
Iceland - New motor vehicle registrations