Iraq

Iraq's car market in 2021 rises by 27.6% with 85,380 sales, reporting a strong performance all year, except for a double-digits fall in Q4.Leader Kia loses 8% market share despite gaining 4.8%.

Iraq New Vehicles market dropped 40% in the 2015. The industry was severely hit by the economic crisis, with GDP down 2.9%, due to high military expenses and fall of 85% revenues from oil. Kia was market leader.

Iraqi Cars Sales have taken a positive pathway and ended the 2018 with a robust +44.7% at 57.468 units taking full benefit from the end of the war with terrorists. While many OEMs are coming back in the country, Kia dominates with a market share over 50%.

Iraqi Cars Sales in 2022 reach 107,990 (+24.0%), the highest in 8 years. December grows for the 11th month in a row, with 11,892 new registrations (+73.8%). Suzuki jumps 15 spots into 7th.

Iraqi auto market in 2020 falls by 16.7% as the pandemic affects sales. Full-Year sales have been 66.591, while the leader Kia (-1.5%) increases its market share by 7%, reaching over 45%.