Report: Iraq is the fastest growing country among the Arab countries in car sales
The company said in a report seen by Shafak News Agency, "The car market in Iraq continued to increase its car sales for the month of September 2021, exceeding pre-epidemic levels by 17.6%."
And she added, "7,766 cars were sold in September alone, which raised sales last year 2021 until September at 63,926 cars, an increase of 50% over the year 2020."
In terms of branding, Kia is still at the top of the leaderboard and has recorded a 47.1% increase in sales since the beginning of the year to date, while it has a huge market share of 38.2%, followed by Toyota, which grew by 24.4%, while it recorded Hyundai is the worst performer, gaining just 8.4%.
And she indicated that “the market maintained in 2019 an impressive pace of growth with the speed taken in all months and closed the whole year sales at 79,980 cars, except that due to the COVID-19 pandemic its sales fell significantly in 2020, in fact, sales were 66,591, recorded A decrease of 16.7% compared to 2019.”
He pointed out that "the year 2021 started positively for the Iraqi market, in fact, as 18,091 units were sold in the first quarter, recording a 9.7% decrease in sales compared to the first quarter of 2020."
She explained that "sales in the second quarter began to grow very quickly, as it recorded a 155.8% increase in sales with 21,195 cars due to the very low levels of sales in the second quarter of 2020".
7,995 cars were sold in July, registering an increase of 63.5% in sales compared to the levels of last year 2020, and in August 8,879 cars were sold.
She pointed out that "Iraq was the fastest growing country in car sales in Saudi Arabia and the UAE during the same period, 29% in Kuwait, 18% in Egypt, 18% in Jordan, 13% in Tunisia, 19% in Qatar, and 9% in Oman."
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