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Islandus uses the latest technology in its operations and usually manages to work at a much lower cost than previously known at car dealerships. We take full advantage of the new European Union legal environment in terms of competition law to buy in where prices are the lowest, thus avoiding the expensive manufacturer's agent system. Our customers enjoy the savings and get the lowest possible prices for new and recent cars.
We have our own companies and staff in Europe and the United States who handle procurement, document processing and follow-up. Islandus is owned by Álftaborga ehf which is almost 40 years old import company. Our companies are debt free and funded with equity. Purchases are made with cash to lower prices and simplify operations. Virtually no Icelandic car dealership or importer stands on such a solid foundation.