Monday, May 11, 2026
38 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

Iraqi Counterterrorism Forces Intensify Operations Against ISIS Remnants in Disputed Territories

ISIS security threat concerns continue to shape military operations across...

Iraq Debt 2026: Internal Borrowing Rises as External Debt Falls

Iraq’s debt profile continues to change in 2026 as...

Baghdad Pollution Reduction Plan Targets Illegal Factories and Toxic Emissions

Baghdad pollution reduction plan efforts intensified after the Iraqi...

Iraq Oil Exports 2026 Supertanker Transits Strait of Hormuz Amid Shipping Disruptions

A supertanker carrying Iraqi crude oil crossed the Strait...

The National Political Council Announces it Has Sent the Names of its Ministerial Nominees to the Prime Minister-designate

The ministerial nominations to the prime minister-designate shaped Iraq’s latest political...

Topics

Iraqi Counterterrorism Forces Intensify Operations Against ISIS Remnants in Disputed Territories

ISIS security threat concerns continue to shape military operations across...

Iraq Debt 2026: Internal Borrowing Rises as External Debt Falls

Iraq’s debt profile continues to change in 2026 as...

Baghdad Pollution Reduction Plan Targets Illegal Factories and Toxic Emissions

Baghdad pollution reduction plan efforts intensified after the Iraqi...

Iraq Oil Exports 2026 Supertanker Transits Strait of Hormuz Amid Shipping Disruptions

A supertanker carrying Iraqi crude oil crossed the Strait...

The National Political Council Announces it Has Sent the Names of its Ministerial Nominees to the Prime Minister-designate

The ministerial nominations to the prime minister-designate shaped Iraq’s latest political...

Iraqi Economy Ranks 56th Globally in 2026

A new global economic power shift is reshaping how wealth is...

Related Articles