Monday, May 11, 2026
33 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 Nears Government Formation as Kurdish and Sunni Parties Finalize Cabinet Agreements Ahead of Parliamentary Confidence Vote

Iraq cabinet formation efforts gained momentum on Sunday after Kurdish...

Baghdad Cabinet Formation Deepens as Iranian Concerns Over Al-Zaidi Appointment Shape High-Stakes Political Talks

Iranian reservations over the new Iraqi leadership have grown...

Iraqi Economy Ranks 56th Globally in 2026

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

President Amidi Deepens Ties with Algeria and Bangladesh Through New Diplomatic Engagements

Iraq expands diplomatic cooperation as Baghdad strengthens ties with...

Anfal Genocide Trial Begins in Baghdad as Former Nugra Salman Official Faces Mass Atrocity Charges

The Anfal genocide trial opened at Baghdad Rusafa Court...

Topics

Iraqi Economy Ranks 56th Globally in 2026

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

President Amidi Deepens Ties with Algeria and Bangladesh Through New Diplomatic Engagements

Iraq expands diplomatic cooperation as Baghdad strengthens ties with...

U.S.-Iraq Relations Face Pressure as Washington Demands Action on Iran-Backed Militias

The U.S.-Iraq relations entered a tense new phase after senior...

Iraq Government Formation Talks Advance as Sunni Bloc and Ali al-Zaidi Reach Key Understanding

Iraq government formation talks progressed further on Wednesday after Iraq’s...

Related Articles