Iraq 2023. Vehicle Market Up 25.2% In YTD Sales Up To October

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The 2024 GMC Sierra HD AT4X
The 2024 GMC Sierra HD AT4X

Iraqi Cars Sales in October 2023 grows for the 9th month this year, with new registrations at 12,459 (+19.6%). YTD figures at 104,509 are up 25.2% from the previous year.

Market Trend and Outlook

The Iraqi vehicle market in October 2023 grows for the 9th month this year, with new registrations at 12,459 (+19.6%). YTD figures at 104,509 are up 25.2% from the previous year.

Looking at cumulative data up to October 2023 brand-wise, the leader is Kia with 27,325 vehicles sold (+12.1%), followed closely by Toyota with 26,088 sales (+26.0%).

In third place ranks Hyundai with 12,195 new registrations, an 55.5% increase from the prior year. MG follows in 4th with 10,779 sales (+138.5%), in front of Chevrolet at 4,392 (+9.1%), Chery at 3,176  (-29.9%) and Suzuki in 7th -up 2 spots- with 2,927 cumulative sales (+84.4%).

GMC rises 3 spots into 8th spot with 2,188 sales (+86.7%), followed by Changan  at 2,040 (+3.7%) and Great Wall, closing the top 10 with 1,754 new registrations reported this year (+96.0%). 

Looking at specific models the Kia Frontier remains the best seller despite losing 28.4% in year-on-year sales, followed by the Toyota Hilux, up 17.5%.

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.

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