Iceland May 2026: Smart #5 and BMW iX3 inside Top 10

The Smart #5 is up to 6th place in April.

It’s another difficult month for the Icelandic new car market, with sales down -27% year-on-year in May to just 1,547 units. However thanks to a stellar start of the year the year-to-date tally is still up, at +4.1% to 6,060. Kia (-42.6%) reclaims the top spot it holds year-to-date despite completely imploding year-on-year. Toyota (-18.4%) is nudged down to #2 whereas Tesla (+160%) is in formidable shape at #3 with 12.6% share. Suzuki (-16.7%) suffers at #3 ahead of BYD (+74.4%) breaking into the Top 5 for the first time this year at #5. Smart (+1000%!) and Mitsubishi (+54.8%) also impress in the remainder of the Top 10.

Model-wise, the Kia Sportage stays on top with an excellent 11% share, distancing the Telsa Model Y up 17 spots on April to #2. The Suzuki Vitara closes out the podium ahead of the Mitsubishi Outlander and Toyota Yaris. Notice also the Smart #5 ranking 6th, its first Icelandic Top 10 finish, the KGM Korando at #9, the BMW iX3 at #10 and the Leapmotor C10 at #19.

Previous month: Iceland April 2026: Mitsubishi, Renault, Peugeot shine in market off -28.6%

One year ago: Iceland May 2025: Dacia Bigster surges to #2

Full May 2026 Top 40 All brands and Top 20 models below.