Iceland September 2023: Tesla Model Y breaks share record again, Jeep places two models on podium

The Jeep Compass ranks #2 in Iceland in September.

The Icelandic new car market tilts down -4.7% year-on-year in September to 1,136 units, leading to a year-to-date tally up 5.5% to 13,837. Tesla (+5.5%) advances to 28.9% share, its largest so far this year. It is followed by a struggling Toyota (-7.2%) and an even worse performing Kia (-29.6%). Jeep (+189.3%) surges 18 spots on August to #4 overall, distancing a cratering Hyundai (-50.4%). Nissan (+152.9%), Volvo (+58.1%) and BMW (+14.8%) also post year-on-year gains in the remainder of the Top 10 whereas Mercedes (-64.8%) and Volkswagen (-52.9%) both sink. 

Over in the models lane, the Tesla Model Y suffocates the market with a 2nd consecutive share record at 28.4%. It has now passed the 2,000 year-to-date units, holding 14.6% share there. Jeep places two models on the podium: the Compass at #2 vs. #42 year-to-date and the Renegade at #3 vs. #64. The Kia EV6 climbs to 4th place with 2.8% share above the Kia Niro and Nissan Qashqai both at 2.6%. The Polestar 2 drops three spots on last month to #7 but remains above its YTD level at 2.2% of the market vs. 1.5%. The Toyota bZ4X stays at #8 while the Hyundai Ioniq 5 and Volvo XC40 close out the Top 10. Notice also the Ford Mustang Mach-E up to #11, the Subaru Solterra scoring its first Top 20 finish at #12, the Skoda Enyaq at #15 and the Renault Megane E-Tech at #17.

Previous month: Iceland August 2023: Tesla Model Y up to record 23.5% share, Subaru Forester #3

One year ago: Iceland September 2022: Tesla Model Y and MG ZS on top, Aiways U5 up to #13

Full September 2023 Top 37 All brands and Top 20 models below.

Iceland September 2023 – brands:

Pos Brand Sep-23 % /22 Aug 2023 % /22 Pos FY22
1 Tesla 328 28.9% 5.5% 1 2,197 15.9% 226.0% 2 4
2 Toyota 103 9.1% -7.2% 2 2,429 17.6% -7.4% 1 1
3 Kia 88 7.7% -29.6% 3 1,688 12.2% 7.3% 3 2
4 Jeep 81 7.1% 189.3% 22 174 1.3% -75.9% 20 11
5 Hyundai 61 5.4% -50.4% 6 706 5.1% -48.6% 6 3
6 Volvo 49 4.3% 58.1% 10 404 2.9% -2.4% 8 8
7 Nissan 43 3.8% 152.9% 18 201 1.5% -66.0% 17 17
8 Volkswagen 33 2.9% -52.9% 4 737 5.3% 9.0% 5 7
9 Mercedes 32 2.8% -64.8% 8 357 2.6% -40.5% 10 9
10 BMW 31 2.7% 14.8% 20 187 1.4% -46.1% 19 19
11 Skoda 26 2.3% -25.7% 12 376 2.7% -31.8% 9 10
12 Mazda 25 2.2% 47.1% 9 455 3.3% 111.6% 7 20
13 Polestar 25 2.2% n/a 11 201 1.5% -11.8% 16 12
14 Subaru 22 1.9% 69.2% 7 162 1.2% 17.4% 21 26
15 Ford 21 1.8% -36.4% 15 251 1.8% -15.8% 14 18
16 Renault 18 1.6% -14.3% 27 258 1.9% 48.3% 13 22
17 Audi 18 1.6% -45.5% 16 202 1.5% -19.2% 15 21
18 Opel 17 1.5% 21.4% 19 124 0.9% 53.1% 23 25
19 Honda 15 1.3% 7.1% 29 67 0.5% -53.5% 26 23
20 MG 14 1.2% -82.1% 17 151 1.1% -41.2% 22 15
21 Lexus 14 1.2% 0.0% 25 115 0.8% 32.2% 24 28
22 Land Rover 12 1.1% -47.8% 13 305 2.2% -34.3% 12 13
23 Dacia 10 0.9% -70.6% 5 1,070 7.7% 28.9% 4 5
24 Peugeot  10 0.9% -81.8% 21 195 1.4% -46.9% 18 14
25 Suzuki 8 0.7% -80.5% 24 314 2.3% -18.7% 11 16
26 BYD 8 0.7% new 23 45 0.3% new 28  –
27 Smart 5 0.4% new 26 37 0.3% new 31  –
28 Porsche 4 0.4% 0.0% 32 41 0.3% -41.4% 29 27
29 FAW Hongqi 3 0.3% new 31 27 0.2% new 34 37
30 Citroen 2 0.2% -71.4% 14 86 0.6% -16.5% 25 24
31 Mitsubishi 2 0.2% -93.1% 28 40 0.3% -97.1% 30 6
32 Jaguar 2 0.2% -50.0% 37 12 0.1% -72.7% 36 32
33 Randger 2 0.2% n/a  – 5 0.0% 66.7% 44 43
34 Aiways 1 0.1% -95.8% 33 32 0.2% -17.9% 32 29
35 Ssangyong 1 0.1% -50.0%  – 19 0.1% -13.6% 35 33
36 Ineos 1 0.1% new 38 4 0.0% new 45  –
37 Alfa Romeo 1 0.1% 0.0% 39 2 0.0% 100.0% 48  –

Iceland September 2023 – models:

Pos Model Sep-23 % Aug 2023 % Pos FY22
1 Tesla Model Y 323 28.4% 1 2,015 14.6% 1 1
2 Jeep Compass 41 3.6% n/a 86 0.6% 42 20
3 Jeep Renegade 33 2.9% n/a 50 0.4% 64 25
4 Kia EV6 32 2.8% 6 151 1.1% 17 11
5 Kia Niro 29 2.6% 19 216 1.6% 11 16
6 Nissan Qashqai 29 2.6% n/a 65 0.5% 48 21
7 Polestar 2 25 2.2% 4 201 1.5% 13 8
8 Toyota bZ4X 25 2.2% 8 306 2.2% 7 n/a
9 Hyundai Ioniq 5 21 1.8% n/a 125 0.9% 23 14
10 Volvo XC40 21 1.8% n/a 123 0.9% 24 12
11 Ford Mustang Mach-E 18 1.6% 18 110 0.8% 34 46
12 Subaru Solterra 18 1.6% n/a 93 0.7% 40 n/a
13 Toyota Land Cruiser Prado 17 1.5% 5 457 3.3% 4 3
14 Toyota RAV4 16 1.4% 17 558 4.0% 3 2
15 Skoda Enyaq 15 1.3% n/a 98 0.7% 38 10
16 Hyundai i20 14 1.2% 10 169 1.2% 14 17
17 Renault Megane E-Tech 13 1.1% n/a 53 0.4% 61 n/a
18 Volvo XC90 13 1.1% n/a 108 0.8% 35 34
19 VW ID.5 13 1.1% 14 96 0.7% 39 n/a
20 Mazda MX-30 11 1.0% 13 63 0.5% 49 n/a
21 Nissan Ariya 11 1.0% n/a 22 0.2% 106 n/a
22 Opel Mokka 11 1.0% n/a 61 0.4% 51 n/a
23 Toyota Yaris Cross 11 1.0% n/a 117 0.8% 28 31
24 Volvo C40 11 1.0% n/a 56 0.4% 56 n/a

Source: Manufacturers

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