Iraqi Cars Sales in September 2023 grows for the 8th month this year, with new registrations at 9,228 (+0.2%). YTD figures at 83,464 are up 14.0% from the previous year.
Market Trend and Outlook
The Iraqi vehicle market in September 2023 grows for the 8th month this year, with new registrations at 9,228 (+0.2%). YTD figures at 83,464 are up 14.0% from the previous year.
Looking at cumulative data from the first 3 quarters of 2023 brand-wise, the leader becomes Toyota with 22,498 vehicles sold (+3.3%), followed closely by Kia with 19,291 sales (+2.2%).
In third place ranks MG -up 2 spots- with 9,822 new registrations, an 150.9% increase from the prior year. Hyundai follows in 4th with 8,732 sales (+51.6%), in front of Chery at 3,795 (-3.6%), Chevrolet at 3,663 (+0.9%) and Suzuki in 7th – up 2 spots- with 2,570 cumulative sales (+101.1%).
Changan maintains 8th spot with 2,085 sales (+7.7%), followed by GMC -up 3 spots- at 1,611 (+60.1%) and Mitsubishi, closing the top 10 with 1,276 new registrations reported this year (+63.0%).
Looking at specific models the Kia Frontier remains the best seller despite losing 38.9% in year-on-year sales, followed by the Toyota Hilux, up 7.0%.
Medium-Term Market Trend
The internal war against ISIS and the consequence for the economic and social aspects, pushed down the Iraq automotive industry in 2014-2016, after a period of sustained growth.
The market peaked down in 2016 with sales below the 40K, but since 2017 a long term growth in place.
Indeed in 2020 the pandemic arrival breaked the growth with sales down 16.7%, but it was a temporary stock and since 2021 the market is back on track.
Sales, in fact, in 2022 grew 26.7% to 107,990, the highest level of yearly volume in the last 8 years.
Tables with sales figures
In the tables below we report sales for top 10 Brands and top 10 models.
