Iceland 2017. Cars sales up 10%

Icelandic cars market

Icelandic cars market kept momentum in the 2017 with sales fueled by strong tourism sector and expanding economy. Following the previous three years positive performance, market grew up again in double-digit. Toyota is market leader.

Iceland economy has continued to show signs of resilience through the 2017. Economic growth continued easing towards potential through year-end. The labor market appears to have rounded out the year in good shape, with tight conditions helped along by the crush of tourists that boosted the services sector. Tourism experienced another year of eye-watering annual growth, with tourist arrivals rising by nearly a quarter in 2017—to more than two million—despite the rapid appreciation of the krona following last year’s lifting of capital controls

The automotive industry is in a positive track since 2014 with last year at the best since 2009 and should be still positively influenced by the growth of tourist sector and national economy expansion. According to data released by the Minister of Transportation, in the 2017 car passenger’s sales have been 20.520 (+10.9%).

 Sales 2012Sales 2013Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018 e
Car8.4197.3969.43213.93618.50820.52021.763
LCV4105688531.3761.6132.0832.175
Total8.8297.96410.28515.31220.12122.60323.938
 2012 Var2013 Var2014 Var2015 Var2016 Var2017 Var2018 var e
Car67,1%-12,2%27,5%47,8%32,8%10,9%6,1%
LCV19,2%38,5%50,2%61,3%17,2%29,1%4,4%
Total64,0%-9,8%29,1%48,9%31,4%12,3%5,9%

Brand-wise, the market leader was again Toyota with 3.633 sales (+18.4%) ahead of Kia with 2.249 (+30.7%) and Hyundai with 1.752 (+28.9%).

Rank 2017Rank 2016BrandSales 2017Sales 2016Variation 2017Share 2017Share 2016
11Toyota3.6333.06918,4%17,1%16,7%
22Kia2.2491.72130,7%10,6%9,3%
34Hyundai1.7521.35928,9%8,3%7,4%
43Volkswagen1.3421.604-16,3%6,3%8,7%
56Nissan1.25292335,6%5,9%5,0%
67Mazda1.24487741,8%5,9%4,8%
78Renault1.00181123,4%4,7%4,4%
85Skoda9411.095-14,1%4,4%5,9%
98Ford93481115,2%4,4%4,4%
1014Mitsubishi829391112,0%3,9%2,1%
119Suzuki721751-4,0%3,4%4,1%
1211Dacia61651719,1%2,9%2,8%
1310Honda604703-14,1%2,8%3,8%
1413Mercedes52241226,7%2,5%2,2%
1515Subaru47937228,8%2,3%2,0%
1616Peugeot41434021,8%2,0%1,8%
1719Land Rover36628628,0%1,7%1,6%
1817Volvo36331913,8%1,7%1,7%
1922SsangYong35922261,7%1,7%1,2%
2020BMW30125119,9%1,4%1,4%
2123Audi25619630,6%1,2%1,1%
2221Citroen211225-6,2%1,0%1,2%
2325Fiat19899100,0%0,9%0,5%
2412Opel149414-64,0%0,7%2,2%
2524Jeep14410339,8%0,7%0,6%
2627Porsche1027339,7%0,5%0,4%
2726Lexus80800,0%0,4%0,4%
2834Jaguar55-
2928Capron4854
3018Chevrolet18307
3129Dodge1214
3230Tesla96

 

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