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Iraq is one of the Top 10 ‘Emerging engines of growth’

"Obama" aka Dodge Charger

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Yesterday I had the pleasure to attend a Webinar from Business Monitor International about the Top 10 Emerging engines of growth in the Automotive industry, so I will write a few articles about these markets over the next few days. First of them is Iraq. My last article about this country was talking about General Motors's #1 position there in 2011, up 68% year-on-year to 32,000 of the total 90,000 estimated new vehicle sales in Iraq. There is now more information available about new car sales in Iraq in 2012.

Iran Khodro Samand

Iraq Business News says 'rising incomes and safer streets are fueling demand for new cars such as Chrysler‘s Dodge Charger, nicknamed “Obama” after the U.S. president by Iraqis. Another car popular among Iraqis is the Iran Khodro Samand, manufactured locally. Business Monitor International says 30,000 Samand will come out of the IKCO Iraqi factory in 2012!

Could Saipa be assembling the Tiba in Iraq soon?

For its part Saipa, Iran's other car manufacture with IKCO, has announced in March this year it is investing in a local assembly plant with an annual capacity of 120,000 vehicles! With a population of more than 30 million people and a growing economy, Iraq’s auto market has “huge potential,” said Stefan Mecha, VW’s managing director for the Middle East. Predictions for new cars sales in Iraq in the Full Year 2012 stand at 120,000 vehicles, a good 33% above 2011 sales. And demand could get much bigger over the next few years.

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Categories: Iraq
  1. BooBoo
    June 19th, 2014 at 09:15 | #1

    Best of all the price of petrol. In Iraq at A$ 0.20 a litre its a great comfort. Unlike the hideous
    $1.35 per litre in the OZ.

  2. Mohammed Ali
    March 24th, 2013 at 16:37 | #2

    Iraq is really growing these days, people are buying all kinds of cars since we have different prices for cars no taxes no nothing!! KIA, DODGE, CHRYSLER, Hyundai and toyota are very popular especially the last few years as people can import 2nd hand cars from United states
    alot of people prefer US imported cars as they come with different Specs…
    Regards from baghdad, Iraq

  3. Modi
    January 14th, 2013 at 18:25 | #3

    Hi,
    There is good market share for the 2nd hand US imported cars without clear size .

    Regards.

  4. Paul
    November 9th, 2012 at 14:59 | #4

    I think Iraq may be undergoing a bit of stock rebuilding. I wonder how their second-hand car market operates and how active that would be.

  5. David
    November 9th, 2012 at 02:01 | #5

    I’m pretty sure that photo of the Charger is in the US, not Iraq. For one it has Michigan plates.

    • matgasnier
      November 9th, 2012 at 11:03 | #6

      That is correct David, not all photos on this site are in situ! :)
      cheers
      Matt

  6. eddy
    November 9th, 2012 at 01:40 | #7

    wow, that’s an amazing feat for Iraq. Philippines was struggling to get past 100,000 units/yr, then 150,000 units with more than 100 million population and now Iraq with only 30 million getting over 100,000 units a few years after the chaos few years back?

    That’s really impressive!

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