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Vehicle registrations - Iceland. December of 2007

Icelanders passenger car registrations fall in December

In December, vehicle registrations in Iceland grew by 27.12% with respect to December of 2006. In total, 1,078 cars were registered and 19,305 new cars were sold in the last twelve months, 4.42% less than the year before.

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

  • Commercial vehicles sold: 228, 0.87% less than in December of 2006.
  • Passenger cars regitrations: 850, which represents a figure of 37.54% more than in December of 2006.

Iceland is the 81th-placed country in ranking of 133 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 61.2 cars per 1,000 residents, 3.42 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 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.

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 20072288501,0783.423,36315,94219,30561.20
November 20072801,3651,6455.353,36515,71019,07562.00
October 20073031,2791,5825.143,32915,29218,62160.52
September 20072831,1151,3984.543,27014,97818,24859.31
August 20073231,3601,6835.473,22515,00218,22759.24
July 20073161,4861,8025.863,15814,72217,88058.11
June 20073662,3272,6938.753,05014,63017,68057.46
May 20073501,9502,3007.483,00114,91517,91658.23
April 20072481,1071,3554.402,99214,73017,72257.60
March 20072371,1821,4194.612,92814,89817,82657.94
February 20072259531,1783.833,05315,88818,94161.56
January 20072049681,1723.813,05316,61819,67163.93
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Iceland - New motor vehicle registrations
Iceland - New motor vehicle registrations