New car sales are approximately 51% higher in May 2014, than the figures from May of last year. The significant increase in car sales is attributed to the stronger rates available as well as the favorable inflation environment in Iceland.
Iceland has also sold 4412 new passenger cars in the first 5 months of 2014, up 32% year over year.
Overall, the environment for motor vehicle sales looks bright, as many Icelanders look to replace their older, depreciating vehicles.
New car sales are approximately 51% higher in May 2014, than the figures from May of last year. The significant increase in car sales is attributed to the stronger rates available as well as the favorable inflation environment in Iceland.
Iceland has also sold 4412 new passenger cars in the first 5 months of 2014, up 32% year over year.
Overall, the environment for motor vehicle sales looks bright, as many Icelanders look to replace their older, depreciating vehicles.
