The export of used trucks, tractors and similar vehicles from Iceland to countries such as Iraq, Lebanon and Benin has increased significantly in recent months due to the depreciation of the Icelandic króna.
The export is in the hands of an Icelandic dealership, Jötunn Vélar, which purchases used tractors and trucks from farmers and small contractors, paying up to ISK 800,000 (USD 6,700, EUR 5,300) for each vehicle, the double amount compared to half a year ago, Fréttabladid reports.
The oldest trucks that the dealership has exported were made in 1960. Power shovels are also sought after, which are usually sold to Europe and South-America. Jötunn Vélar expects the demand for such vehicles to decrease again with the appreciation of the króna.
Click here to read more about the export of used vehicles in Iceland.