Allir Bilar LogoAllir Bilar

Used car insights

Toyota Corolla Price Trends in Iceland

The Corolla remains one of the most requested compact cars for Icelandic buyers thanks to reliable drivetrains, frugal fuel use, and an active network of authorised service partners. Our data tracks listings from franchise dealers and private sellers to surface realistic pricing bands.

Within the compact segment the Corolla competes directly with the Volkswagen Golf and Hyundai i30. Demand for hybrids continues to boost resale values, and well-kept examples under 100,000 km rarely stay on the market for long.

Current market snapshot

Total active listings sampled
105
Average asking price
ISK 3,530,652
Median asking price
ISK 3,880,000
Price spread
ISK 123,456 - ISK 8,550,000
Average kilometres
95,750 km
Median kilometres
74,000 km
Cars sold in the last 12 months*
118
* Based on inactive listings captured in the Allir Bilar dataset over the past year.

Last index update: 2025-11-28 18:31 UTC

Why Icelandic buyers choose this model

  • Hybrid trims command a 8-12% premium over comparable petrol models but deliver lower running costs.
  • Fleet imports from mainland Europe can offer better equipment but often carry higher mileage; check service documentation.
  • LED headlights and adaptive cruise packages introduced after 2020 add resale appeal, especially for winter commuting.

Points to consider

  • Verify battery health on hybrid models and request official Toyota service printouts when available.
  • Salt exposure from coastal driving accelerates corrosion on suspension components - underbody inspections are worth the effort.
  • Insurance rates remain low, but parts availability can stretch repair timelines in smaller towns.

Recent listings sample

ListingPriceKilometresSourcePosted
2007 Toyota CorollaISK 600,000180,000 kmFacebook Marketplace2025-11-28
2006 Toyota CorollaISK 255,000UnknownFacebook Marketplace2025-11-27
2006 Toyota CorollaISK 200,000300,500 kmFacebook Marketplace2025-11-26
2004 Toyota CorollaISK 490,000UnknownFacebook Marketplace2025-11-26
2007 Toyota CorollaISK 450,000180,000 kmFacebook Marketplace2025-11-26
2014 Toyota CorollaISK 965,000234,000 kmFacebook Marketplace2025-11-26
2003 Toyota CorollaISK 250,000UnknownFacebook Marketplace2025-11-25
2008 Toyota CorollaISK 300,000234,000 kmFacebook Marketplace2025-11-25
Run live price analysisFiltered by make: Toyota | model keyword: Corolla

Alternative models to compare

  • Volkswagen Golf
  • Hyundai i30
  • Mazda 3

Need personalised advice?

Start a search with Allir Bilar to compare real-world asking prices, calculate fair value estimates, and save the listings that match your budget. Our tools update throughout the day as new vehicles appear on Icelandic marketplaces.

Go to the search dashboard