Tuesday, July 21, 2026
35.5 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

Iraq Central Bank Cash Reserves Plunge 70% in Four Months

Central Bank of Iraq figures show a steep decline...

Iraq’s Dinar Gains as Dollar Slides in Baghdad and Erbil

The US dollar opened lower across Iraq, with Baghdad...

Mystery Drone Crashes Near Iraq’s Strategic Al-Faw Coast

A drone crashed near Ras al-Bisha in Basra province’s...

Iraq Faces Wildlife Emergency as 134 Species Fight for Survival

Pollution, climate change, and habitat destruction now threaten 134...

Iraq and HKN Energy Target 140,000-Barrel Hamrin Oil Surge

Iraq’s Hamrin oil field has entered a major expansion...

Topics

Iraq Central Bank Cash Reserves Plunge 70% in Four Months

Central Bank of Iraq figures show a steep decline...

Iraq’s Dinar Gains as Dollar Slides in Baghdad and Erbil

The US dollar opened lower across Iraq, with Baghdad...

Mystery Drone Crashes Near Iraq’s Strategic Al-Faw Coast

A drone crashed near Ras al-Bisha in Basra province’s...

Iraq Faces Wildlife Emergency as 134 Species Fight for Survival

Pollution, climate change, and habitat destruction now threaten 134...

Iraq and HKN Energy Target 140,000-Barrel Hamrin Oil Surge

Iraq’s Hamrin oil field has entered a major expansion...

Iraq Unveils Energy City in $60 Billion US Investment Push

Iraqi Prime Minister Ali al-Zaidi has introduced a major...

Iraq’s Al-Zaidi Heads to Tehran for Major Cooperation Deals

Iraqi Prime Minister Ali al-Zaidi plans to visit Tehran...

Iraq’s Al-Zaidi Carries Trump Message as Tehran Rejects Khamenei Meeting

Iraqi Prime Minister Ali Falih al-Zaidi reportedly carries a...

Related Articles