Monday, September 7, 2026
36 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 FM set to meet Arab counterparts in Cairo

Iraq’s Arab League diplomacy takes center stage as Foreign Minister...

Iraq Moves to Open New Crude Oil Export Route Through Syria

Iraq crude exports through Syria could soon begin under a...

US to Withdraw Remaining Troops and Defense Systems From Iraq by September 30

US troops leave Iraq by September 30 under an agreement...

Korek Offices Shut in Three More Iraqi Governorates

Korek Telecom offices face closures in three additional Iraqi governorates...

Iraq Arranges Voluntary Return of 33 Migrants From Libya

Iraqi migrants return from Libya as Iraq’s embassy in Tripoli...

Topics

Iraqi FM set to meet Arab counterparts in Cairo

Iraq’s Arab League diplomacy takes center stage as Foreign Minister...

Iraq Moves to Open New Crude Oil Export Route Through Syria

Iraq crude exports through Syria could soon begin under a...

US to Withdraw Remaining Troops and Defense Systems From Iraq by September 30

US troops leave Iraq by September 30 under an agreement...

Korek Offices Shut in Three More Iraqi Governorates

Korek Telecom offices face closures in three additional Iraqi governorates...

Iraq Arranges Voluntary Return of 33 Migrants From Libya

Iraqi migrants return from Libya as Iraq’s embassy in Tripoli...

US-sanctioned Altaif Islamic Bank clients protest in Baghdad amid liquidity crisis

Altaif Bank depositors gathered outside the bank’s Baghdad headquarters on...

Iraq Warns of Regional Sanctions Impact as Government Moves to Ease Housing and Debt Pressures

Iraq’s governing State Administration Coalition held its 38th regular...

Iraq Records 145 Crimean-Congo Fever Cases as Death Toll Reaches Nine

Iraq has recorded a sharp rise in Crimean-Congo fever cases,...

Related Articles