Iceland is experiencing a massive growth in retail sales of new-vehicles. According tp local news site Mbl.is sales of luxury cars have surged this year New figures show that registrations of cars made by Audi, BMW, Land Rover, Lexus, Mercedes Benz, Porsche and Tesla rose by 61 percent in the first six months of 2016 compared to the same period of 2015.
Despite a worsening global economic outlook the Icelandic economy is continuing to expand, thanks to growing domestic demand, strong exports and tourism. According to the Monetary Bulletin of the Central Bank of Iceland, published earlier this year, economic growth in 2016 will be a robust 4.2%, unemployment and inflation will remain below target and purchasing power will continue to growth at a record pace.
Iceland is experiencing a massive growth in retail sales of new-vehicles. According tp local news site Mbl.is sales of luxury cars have surged this year New figures show that registrations of cars made by Audi, BMW, Land Rover, Lexus, Mercedes Benz, Porsche and Tesla rose by 61 percent in the first six months of 2016 compared to the same period of 2015.
Despite a worsening global economic outlook the Icelandic economy is continuing to expand, thanks to growing domestic demand, strong exports and tourism. According to the Monetary Bulletin of the Central Bank of Iceland, published earlier this year, economic growth in 2016 will be a robust 4.2%, unemployment and inflation will remain below target and purchasing power will continue to growth at a record pace.
