openPR Logo
Press release

Passenger Car Market Iceland: True Fleet is the only channel with a growth in 2018

Passenger Car Market Iceland: True Fleet is the only channel with

To complete our analysis of October new car registrations, we wanted to take a closer look at one of the markets outside the well-known Central European region. Our choice fell to a country in the far north: it’s Iceland and although it is a small market it’s certainly an interesting one. In 2016 and 2017 the volume of new passenger cars was really on the rise with remarkable growth rates of + 36.8% and + 24.3% respectively. This year though the situation has changed: with close to 20,000 registrations in the first ten months the market is down by 15.8%. The strongest decrease could be seen for the Short-Term Rentals with - 26.1% but this segment is still huge with a share of 30% (in Europe only Lithuania has a higher share for rent-a-cars). The declines for both Dealerships/Manufacturer registrations and the private sector were similar (- 17.0% and - 15.5% respectively) but True Fleets continued to perform really well with + 10.5%.

Who are the big players in the True Fleet Market in Iceland? Thanks to extraordinary strong results in April and May Hyundai is in the lead in 2018 year-to-date. The i10 and i20 were by far Hyundai’s most popular models and accounted for almost 78% of their registrations on companies. Volkswagen was able to jump from 6th position into rank number two with an impressive + 68.0% which can be mainly attributed to the Polo which ranks second in the Small Car segment. Skoda ranked fourth behind Toyota and increased its volume in fleets by exactly one (!) unit. Renault, Kia and Nissan all had to suffer losses compared to January-October 2017 while Mitsubishi (8th, + 31.7%) was in good shape thanks to the Outlander which grew by a rate of 38.9% YTD. The top 10 ranking was completed by Dacia (despite a drop of 15.4%) and Volvo (+ 16.7%). Ford in 11th position pushed its registrations by no less than 55.0% and missed the top 10 by only two registrations.

The popularity of Mini and Small Cars in Spring limited the ongoing growth of the SUV segment but in September and October the Offroaders were back at the top. Interesting to see that the Japanese manufacturers played an especially significant role here with five models in the top 6 (only the Dacia Duster on rank number two kept Europe in the top 6 game).

Number one was the Mitsubishi Outlander PHEV which leads to a short look at the development of fuel types. As in many other countries there was an obvious shift from Diesel to Petrol, but the share of Hybrids also increased and has now reached 13.6% which is the highest value across Europe behind Norway and Sweden. But Hybrid’s share in fleet was still significantly lower than in the Private Market where its share rose to 28.3% which is not too far behind Petrol (33.5%) and Diesel (31.8%). Full EVs achieved a share of 5.3% in the Private Market and 3.8% in fleets which is clearly lower than in January-October 2017 (6.7%). The ranking of Electric Vehicles was led by the Nissan Leaf followed by Renault Zoe and the E-Golf from Volkswagen.

(529 words; 3,007 characters)

Publication by indication of source (DATAFORCE) and author (as listed below) only

DATAFORCE – Focus on Fleets
Dataforce is the leading provider of fleet market data and automotive intelligence solutions in Europe. In addition, the company also provides detailed information on sales opportunities for the automotive industry, together with a wide portfolio of information based on primary market research and consulting services. The company is based in Frankfurt, Germany.

Michael Gergen
Dataforce Verlagsgesellschaft für Business Informationen mbH
Hamburger Allee 14
60486 Frankfurt am Main
Germany

Phone: +49 69 95930-231
Fax: +49 69 95930-333
Email: michael.gergen@dataforce.de
www.dataforce.de

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Passenger Car Market Iceland: True Fleet is the only channel with a growth in 2018 here

News-ID: 1416527 • Views: 712

More Releases from Dataforce Verlagsgesellschaft für Business Informationen mbH

Generation change at Dataforce: Marc A. Odinius now sole owner and Managing Dire …
The long-standing Managing Director Marc Odinius has acquired all shares of the Dataforce Verlagsgesellschaft für Business Informationen mbH and is now Managing Director and sole owner of the Company. Mission of Dataforce As to the mission of the automotive data- and market-research company, with 87 Employees, counting 27 different nationalities who reside in Frankfurt, Rome and Beijing, Odinius stated: Dataforce is always in search of unique information which will make the automotive
UK True Fleet continues to contract, finishing Q2 without a positive month
Now with the first half of the year having gone by in a blur of negative growth we can only hope that the second half will bring some more positive momentum especially around the plate change month in September. UK True Fleet produced a - 7.2% in June which leaves the channel down 6.2% year-to-date (YTD). The Private Market was also in the red with a 4.8% which
Swiss car market turns into the red on sharp contraction in June
In June 2019 new passenger car registrations in Switzerland were down sharply on the same month last year. Nearly 28,000 registered passenger cars represent an overall market decline of 11.2%. Registrations of light commercial vehicles fell even more sharply (11.9%). Weak June causes passenger car market to fall below previous year's level Both the Private Market ( 13.9%) and the commercial market ( 8.4%) can look back on a weak
German LCV Fleet Market with a strong performance in the first five months
Definition and development of the registration figures Since 2001, Dataforce has worked on providing the best clarity for the LCV market in Germany. The LCV market has two elements: registrations of commercial vehicles up to a weight of 7 tons as well as passenger car registrations of typical LCV models such as VW Caddy, Citroën Berlingo or Fiat Ducato. There were two further additions at the beginning of this year: on

All 5 Releases


More Releases for Fleet

Automotive Fleet Market 2017 - 2025
Press Release – 17 Dec 2018 Research and Development News -- . . Latest Update "Automotive Fleet Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" with Industries Survey | Global Current Growth and Future. ' ' Companies are strategically utilizing their fleet of vehicles as a means to gain public exposure by placing logos and advertisements on each vehicle. Increasing technological advancements such as vehicle-to-vehicle connectivity, also known
Fleet Management Market Size
According to a new report Global Fleet Management Market, published by KBV research, the Global Fleet Management Market size is expected to reach $31.7 billion by 2023, rising at a market growth of 19% CAGR during the forecast period. The Asia Pacific market holds the largest market share in Global Asset Management Solution Market by Region in 2016, and would continue to be a dominant market till 2023; growing at a
Global Smart Fleet Management Market Real-time fleet monitoring
The smart fleet management market is moderately fragmented due to the presence of well-diversified global and regional vendors. International players have competence over smaller players in terms of features and price. The competitive environment is intensified due to widening product extensions, technological innovations, and M&A. FMS providers adopt inorganic growth strategies by acquiring regional or local players. To attain competitive advantage in the car tracking device market, the players must
IoT Fleet Management Market by Fleet Type, Platform, Region - 2022
Qyresearchreports include new market research report "Global IoT Fleet Management Market Size, Status and Forecast 2022" to its huge collection of research reports. The market study on the global IoT Fleet Management market is an all-inclusive business and commerce publication, prepared by seasoned research analysts with primary objectives to analyze crucial market aspects for the IoT Fleet Management forecast timeframe. Prepared using industry-best analytical tools such as Porter’s five forces and
Fleet software comm.fleet: Effective cost control for fleet managers
Relief for fleet managers: identify the cost drivers of the company and take appropriate actions with the fleet management software comm.fleet The adoption of a multifunctional controlling system is an indispensable prerequisite for an effective and systematic management of all company fleet costs. Be it a question of planning enhancement and control, budgeting coordination or the execution and analysis of a target-performance comparison with the purpose of a perfect fleet administration,
Fleet Specialisation-Cover 4 Fleet Insurance Investigate Future Fleet Trends
Victoria, London ( openpr ) June 10, 2011 - Economically driven by the need to immerse their resources in core activities, companies will turn to fleet outsourcing options. Even in the case of fleet contract hire, there are case studies which are dramatic in the current economic environment. Take the case study of Fraikin , which was originally established in France in 1944 and is today the biggest commercial