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Iraq June. End of war does not boosted the market

Iraq

Iraq Automotive industry is potentially a large market for vehicles, so far blocked by negative environment. The war against terrorists that have occupied and destroyed a relevant portion of national territory is limiting the growth of the country, with destruction in the existing infrastructures and no investments for new one. In the years 2010-2011, the Government has put in place a plan to support foreign investments to produce locally new vehicles, but the war crisis has blocked any plan. Now, during the 2016 has been announced again the project to produce locally.

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Iraqi Cars Sales

Iraq June. End of war does not boosted the market

Iraqi Cars Sales are only marginally positive in the first half 2018, after a double-digit score reported in Q1. Rising unemployment, corruption and the lack of a new government, two months after general elections generated protests all over the country. Kia led the market over Toyota and Nissan.

September 2, 2018

Iraq Vehicles Market in 2016

Iraq 2016. Market deeply down for the third year

Iraq Vehicles Market 2016 hit the third consecutive heavy fall in a series, dragged down by the oversupply in the global crude market. The Kia Frontier kept the leadership while Volkswagen shines.

February 8, 2017

Iraq New Vehicles market

Iraq 2015. New Vehicles market dropped 40%

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.

April 9, 2016