Icelandic cars market kept momentum in the first five months of the 2017 with sales fueled by strong tourism sector and expanding economy. Following the last three years positive performance, market is growing moderately.
Iceland car sales boomed in the 2015 recovering a huge 47 percent from the previous year, hitting the best volume out of the last eight years. The Japanese Toyota was solid on top with wide gap over Volkswagen.
December 2013 was the ninth year on year drop in a row for the car market in Iceland and the market recovery was broken after three years. Toyota consolidated the leadership, ahead of Volkswagen. Honda CR-V boomed share as was market leader.
In the 2012, the Iceland car market posted the third consecutive increase posting a robust + 57.7% from the previous year. In December the market posted the 25th consecutive year-on-year increase. Toyota was market leader, but Volkswagen is reducing the gap.