Norwegians to Buy Iceland’s Used Luxury Cars Skip to content

Norwegians to Buy Iceland’s Used Luxury Cars

Two Norwegian car salesmen, Trond Sandven and Jarle Jetmundsen, are about to reach agreements with Icelandic car dealerships on purchasing almost 100 used, but fairly new, luxury cars to export and sell in the Nordic countries.

It is the second time that they travel to Iceland to buy used cars; during their first trip they also bought around 100 vehicles. “We might even by a few hundred more,” Sandven told Morgunbladid. Selling them had been easy, he said.

Sandven and Jetmundsen have traded with a number of dealerships in Iceland, including Hekla and Toyota. CEO of Toyota Iceland Úlfar Steindórsson said the Norwegians are looking for bargains. “But there is no fire sale going on; we’re planning to sell these cars at the normal price. If that is not to their liking, they won’t get the cars.”

Hekla CEO Knútur G. Hauksson said they are not giving unusually high discounts either.

Hauksson said many foreign salesmen had expressed interest in purchasing vehicles in Iceland shortly after the collapse of the banking system in October 2008.

“At that time, the authorities announced that they would repay part of the excise tax. People waited for that to happen but it took a very long time […]. In the meantime the [Icelandic] króna appreciated and these people lost interest,” Hauksson stated.

The Norwegian car salesmen believe they can make the best deals by trading directly with the owners of the cars, and ask those who are interested to contact them by emailing [email protected].

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