New car sales in Iceland have surged this year, with more than 10,000 vehicles having been registered by this month.
That is a 28% increase compared to the same period in 2023.
According to FÍB, otherwise known as the Icelandic Automobile Association, a total of 10,116 new cars have entered the market so far.
Somewhat unsurprisingly, given Iceland’s reliance on the tourism sector, car rental companies accounted for 52% of purchases, while individuals made up 47%, as reported by RÚV earlier today.
New Energy Outpacing Old
Conservationists will be pleased to discover that the market is increasingly dominated by environmentally friendly vehicles.
In fact, eight out of ten new cars sold this year fall into the “new energy” category, with fully electric cars alone making up just over a third of the total. Hybrids represent 24% of sales and plug-in hybrids 21%.
By contrast, petrol and diesel models together account for just over a fifth of registrations. Among manufacturers, Kia leads the market, followed by Toyota and Tesla.
