In October, vehicle registrations in Iceland grew by 30.85% with respect to October of 2006. In total, 1,582 cars were registered and 18,621 new cars were sold in the last twelve months, 11.76% less than the year before.
The breakdown of car sales figures for the month of October is:
- Commercial vehicles sold: 303, 24.18% more than in October of 2006.
- Passenger cars regitrations: 1,279, which represents a figure of 32.54% more than in October of 2006.
Iceland is the 80th-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 60.52 cars per 1,000 residents, 5.14 of them in the last month, Iceland, occupies 4th 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 grown in the last year. The increase in this figure is positive, as it generally indicates improved public confidence in the country's economy.
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.