Wednesday, November 19, 2025
17 C
Baghdad

Toyota Leads Iraq’s Car Market in 2024

Baghdad, Iraq- Toyota emerged as the top-selling car brand in Iraq in 2024, surpassing competitors Kia and Hyundai, according to industry reports. The brand saw a 35.9% increase in sales, climbing one position from the previous year. Kia followed in second place with a 12.7% growth, while Hyundai secured third, recording a 36.2% rise in sales.

Among other brands, MG experienced a modest increase of 0.8%, whereas Suzuki, ranked fifth, achieved one of the most significant growth rates among the top 10 brands, with a surge of 120.9%.

The Toyota Hilux emerged as the best-selling model, with a 49.1% year-on-year increase in sales, followed by the Kia Frontier.

Iraq’s automotive sector is also witnessing a shift toward electric vehicles (EVs), with the market expanding by 164% in 2024. EVs accounted for 2.42% of total car sales. While still a small share, Iraq is expected to continue efforts to diversify its energy sources and reduce reliance on fossil fuels. Toyota dominated the EV segment, securing over 90% of sales, significantly outperforming other brands such as Lexus and Land Rover.

Hot this week

Kurdistan Region PM and Zaidan Push for Inclusive Governance

Iraq Government Formation became the central focus of Kurdistan Region...

Al-Sudani Defines Independence and Economic Priorities

Iraq’s Strategic Path dominated Prime Minister Mohammed Shia Al-Sudani’s message...

MEPS 2025 Opens With Bold Calls for Reform

Middle East Peace Vision takes center stage today as the...

CF Shapes Leadership as Iraq Considers Next Prime Minister

CF shapes leadership this week as Coordination Framework leaders prepare...

MEPS Shapes Policy as Regional Leaders Confront a New Middle East

MEPS shapes policy as global and regional leaders prepare for...

Topics

Kurdistan Region PM and Zaidan Push for Inclusive Governance

Iraq Government Formation became the central focus of Kurdistan Region...

Al-Sudani Defines Independence and Economic Priorities

Iraq’s Strategic Path dominated Prime Minister Mohammed Shia Al-Sudani’s message...

MEPS 2025 Opens With Bold Calls for Reform

Middle East Peace Vision takes center stage today as the...

CF Shapes Leadership as Iraq Considers Next Prime Minister

CF shapes leadership this week as Coordination Framework leaders prepare...

MEPS Shapes Policy as Regional Leaders Confront a New Middle East

MEPS shapes policy as global and regional leaders prepare for...

Sudani’s Strategic Visit Reshapes Baghdad–Erbil Negotiations

Sudani’s strategic visit begins on Monday as Iraqi Prime Minister...

KDP Urges Changes Following Iraq’s 2025 Election Outcome Amid Unequal Representation

Iraq’s election law debate has intensified after preliminary results of...

Iraq’s Financial Crossroads Expose Deepening Economic Risks

Iraq’s financial crossroads dominate new warnings from economic expert Manar...

Related Articles