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Tesla Mannequin Y and Hyundai i20 prime sinking market – Greatest Promoting Vehicles Weblog


The Hyundai i20 is up to #2 in Iceland in July.

Only 1,267 new light vehicles found an Icelandic home in July, a -38% year-on-year freefall. The year-to-date tally is now down -12.8% to 11,536 units after 7 months. Toyota (-37.8%) matches the market to remain in the brands top spot albeit with 13.7% share, much lower than the 19% it commands year-to-date. Kia (-38.9%) is hit equally hard but climbs two spots on June to #2, followed by Hyundai (-28%) and Volkswagen (-29.4%) which manage to contain their fall somewhat. Tesla (+1216.7%) surges ahead at #5 but stays #2 year-to-date. Skoda (-8.1%) and Polestar (-25.9%) fall slower than the market but Dacia (-80.3%) and Mercedes (-49%) both implode.

Over in the models lane, the Tesla Model Y stays on top, a first for a start of quarter, and holds 5.6% of the Icelandic market this month vs. 12.3% year-to-date. The Hyundai i20 soars to #2 overall with 5.1% share vs. #16 and 1.2% year-to-date while the Toyota Prado closes out the podium at 3.4% share. The Kia Stonic follows one sale below as the Polestar 2 rises to #5, its highest ranking so far this year. The Toyota RAV4 is relegated to #6 ahead of the VW ID.4 and Kia Sportage. #1 a year ago and #2 last month, the Dacia Duster falls to #9 in July just as the Toyota Yaris rounds out the Top 10.

Previous month: Iceland June 2023: Tesla Model Y breaks 35 year-old annual volume record

One year ago: Iceland July 2022: Dacia Duster up to 11.1% share, 9 SUVs in Top 10, Polestar 2 up to #8

Full July 2023 Top 42 All brands and Top 20 models below.

Iceland July 2023 – brands:

Pos Brand Jul-23 % /22 Jun 2023 % /22 Pos FY22
1 Toyota 173 13.7% -37.8% 1 2,195 19.0% -4.3% 1 1
2 Kia 146 11.5% -38.9% 4 1,511 13.1% 19.8% 3 2
3 Hyundai 144 11.4% -28.0% 8 590 5.1% -50.5% 6 3
4 Volkswagen 108 8.5% -29.4% 6 625 5.4% 18.8% 5 7
5 Tesla 79 6.2% 1216.7% 2 1,584 13.7% 351.3% 2 4
6 Skoda 57 4.5% -8.1% 7 321 2.8% -26.7% 9 10
7 Mercedes 52 4.1% -49.0% 10 279 2.4% -37.0% 11 9
8 Dacia 46 3.6% -80.3% 3 1,005 8.7% 49.8% 4 5
9 Land Rover 44 3.5% -53.7% 18 268 2.3% -32.8% 12 13
10 Polestar 40 3.2% -25.9% 24 145 1.3% -36.1% 17 12
11 Mazda 35 2.8% 288.9% 17 394 3.4% 111.8% 7 20
12 Suzuki 35 2.8% -63.9% 5 296 2.6% -11.1% 10 16
13 Renault 34 2.7% 240.0% 12 234 2.0% 100.0% 13 22
14 Nissan 33 2.6% -13.2% 22 141 1.2% -74.6% 19 17
15 Volvo 29 2.3% 38.1% 9 322 2.8% -14.4% 8 8
16 BMW 23 1.8% -11.5% 15 143 1.2% -48.4% 18 19
17 MG 20 1.6% -41.2% 16 119 1.0% -11.9% 20 15
18 Lexus 17 1.3% 183.3% 19 91 0.8% 62.5% 23 28
19 Ford 16 1.3% -44.8% 11 209 1.8% -2.3% 14 18
20 Audi 16 1.3% -55.6% 14 164 1.4% -7.9% 16 21
21 Subaru 12 0.9% 500.0% 21 92 0.8% -24.6% 21 26
22 Weinsberg 12 0.9% n/a 40 28 0.2% -48.1% 31 44
23 Jeep 11 0.9% -85.7% 20 81 0.7% -87.7% 24 11
24 Smart 11 0.9% n/a 23 24 0.2% n/a 33  –
25 Peugeot  10 0.8% 100.0% 13 173 1.5% -38.4% 15 14
26 Opel 10 0.8% 100.0% 26 92 0.8% 43.8% 22 25
27 Citroen 10 0.8% 0.0% 27 62 0.5% -33.3% 25 24
28 Honda 8 0.6% -42.9% 28 48 0.4% -57.9% 27 23
29 BYD 7 0.6% new 25 25 0.2% new 32  –
30 Mitsubishi 4 0.3% -96.9% 29 32 0.3% -97.5% 29 6
31 Ssangyong 4 0.3% -69.2% 41 18 0.2% 0.0% 35 33
32 Etrusco 4 0.3% n/a 36 6 0.1% n/a 42  –
33 Aiways 3 0.2% -25.0% 39 29 0.3% 123.1% 30 29
34 Jaguar 2 0.2% -33.3% 33 9 0.1% -73.5% 36 32
35 Capron 2 0.2% 100.0%  – 8 0.1% -80.0% 39 30
36 Benimar 2 0.2% 0.0% 35 7 0.1% 75.0% 41 38
37 Hobby 2 0.2% -80.0% 38 4 0.0% -85.2% 44 35
38 Hymer 2 0.2% n/a  – 2 0.0% n/a 47  –
39 FAW Hongqi 1 0.1% new 32 21 0.2% new 34 37
40 DFSK 1 0.1% 0.0% 42 9 0.1% 80.0% 37 40
41 Mini 1 0.1% -75.0% 34 6 0.1% -72.7% 43 34
42 Dethleffs 1 0.1% 0.0%  – 1 0.0% -75.0% 53 41

Iceland July 2023 – models:

Pos Model Jul-23 % Jun 2023 % Pos FY22
1 Tesla Model Y 71 5.6% 1 1,418 12.3% 1 1
2 Hyundai i20 64 5.1% n/a 134 1.2% 16 17
3 Toyota Land Cruiser Prado 43 3.4% 4 409 3.5% 6 3
4 Kia Stonic 42 3.3% 7 222 1.9% 10 n/a
5 Polestar 2 40 3.2% n/a 145 1.3% 13 8
6 Toyota RAV4 39 3.1% 3 526 4.6% 3 2
7 VW ID.4 38 3.0% 11 232 2.0% 9 24
8 Kia Sportage 36 2.8% 6 445 3.9% 4 6
9 Dacia Duster 33 2.6% 2 808 7.0% 2 5
10 Toyota Yaris   31 2.4% 5 437 3.8% 5 9
11 VW Kombi 31 2.4% n/a 68 0.6% 39 n/a
12 Renault Trafic 30 2.4% 19 111 1.0% 24 n/a
13 Hyundai i30 28 2.2% n/a 86 0.7% 35 n/a
14 Hyundai Tucson 28 2.2% n/a 134 1.2% 18 7
15 Suzuki Swift 27 2.1% 13 128 1.1% 20 36
16 Kia Sorento 25 2.0% n/a 131 1.1% 19 39
17 Land Rover Discovery Sport 22 1.7% n/a 35 0.3% 69 n/a
18 Nissan Qashqai 21 1.7% n/a 32 0.3% 72 21
19 Skoda Octavia 21 1.7% n/a 47 0.4% 55 43
20 Skoda Kodiaq 20 1.6% 21 90 0.8% 34 48

Source: Manufacturers

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