Thursday, August 20, 2026
34 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 Budget Deficit Hits 21.24T Dinars

Iraq’s public finances changed sharply during the latest six-month...

Iraq Oil Export Plan Expands

The Iraqi cabinet approved a temporary strategy for moving...

Iraq Dollar Rates Edge Higher

Iraq dollar rates climbed across the country’s main currency...

Iranian Parliament Speaker Mohammad Bagher Ghalibaf Arrives in Baghdad to Deepen Iran-Iraq Cooperation

Iran-Iraq relations took center stage Wednesday as Iranian Parliament...

Kata’ib Hezbollah Sets Weapons Handover Conditions, Demands Peshmerga Dissolution

Kata’ib Hezbollah has set new conditions for handing its...

Topics

Iraq Budget Deficit Hits 21.24T Dinars

Iraq’s public finances changed sharply during the latest six-month...

Iraq Oil Export Plan Expands

The Iraqi cabinet approved a temporary strategy for moving...

Iraq Dollar Rates Edge Higher

Iraq dollar rates climbed across the country’s main currency...

Iranian Parliament Speaker Mohammad Bagher Ghalibaf Arrives in Baghdad to Deepen Iran-Iraq Cooperation

Iran-Iraq relations took center stage Wednesday as Iranian Parliament...

Kata’ib Hezbollah Sets Weapons Handover Conditions, Demands Peshmerga Dissolution

Kata’ib Hezbollah has set new conditions for handing its...

Kirkuk Demolition Standoff Escalates Over Alleged Illegal Housing

A Kirkuk demolition standoff erupted Tuesday as residents confronted authorities over...

Security Forces Foiled Targeted Drone Plot Aimed at Iraq’s Supreme Judicial Council Chief

Targeted drone plot rumors recently surfaced after intelligence agencies uncovered...

Massive Blaze Strikes Industrial District in Sulaimani

A massive Tanjaro fuel warehouse fire erupted late Monday night, injuring...

Related Articles