The Icelandic economy is in crisis.
The latest numbers shows a sharp sharp drop in motor vehicle imports to the mid-Atlantic island.
From the Icelandic Ministry of Finance´s weekly web release:
The decline in other revenue from indirect taxes was largest in import charges on motor vehicles, about one-third for the year as a whole and 93.1 per cent in December alone, due to the sharp drop in motor vehicle imports. (http://www.ministryoffinance.is/weekly-web-release/nr/11783)
Pétur Þór Hall Guðmundsson, a Toyota car dealership manager, says that the numbers are down to what they used to be like before the Iceland economic boom started.
– We´ll survive, Guðmundsson says. Toyota is the most popular car brand in Iceland. If we don´t sell, we´ll survive on service and repairs.