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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Car trade turns Iraq into an economic battleground.. What is the most in-demand type?

    Rocky
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    Car trade turns Iraq into an economic battleground.. What is the most in-demand type? Empty Car trade turns Iraq into an economic battleground.. What is the most in-demand type?

    Post by Rocky Wed 28 Aug 2024, 4:28 am

    Car trade turns Iraq into an economic battleground.. What is the most in-demand type?
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    Baghdad Today - Baghdad
    International economics expert Nawar Al-Saadi confirmed today, Wednesday (August 28, 2024), that Iraq has become an arena for economic conflict between major countries in the field of car sales, indicating that these countries achieve profits of billions of dollars annually.
    Al-Saadi said in an interview with Baghdad Today, "From my point of view, it can be said that Iraq has actually turned into an arena for economic conflict between some of the major countries in the field of car sales, especially between American, Japanese, Chinese and also Korean cars, as after 2003 and with the liberation of the Iraqi market from previous restrictions, Iraq has become an attractive market for many international companies seeking to increase their share of this growing market."
    “American cars, such as those made by General Motors and Ford, find it difficult to compete with Japanese, Chinese and Korean cars in Iraq for several reasons. First, Japanese cars such as Toyota and Nissan have a strong reputation for quality and durability, a reputation they have built over decades. Second, Chinese cars offer very competitive prices while providing advanced features, making them an attractive option for Iraqi consumers looking for a balance between price and quality. In addition, Chinese companies have invested in building car assembly plants in Iraq, which strengthens their presence in the local market,” he explained.
    “The Iranian presence in the Iraqi car market is relatively weak despite the geographical proximity and strong political relations. This is due to several factors, including the low quality of Iranian cars compared to Japanese and Chinese competitors, as well as the economic difficulties facing Iran, which weakens its ability to expand into foreign markets. Despite some attempts to produce and assemble cars in Iraq, these efforts have not translated into great success on the ground,” he continued.
    “Economically, yes, it can be said that these countries make billions of dollars in profits annually by selling cars in Iraq. With the increasing demand for new cars in Iraq, especially in light of the population growth and the gradual improvement of the economic situation, the Iraqi market has become an important source of profits. As for the Iraqi individual’s spending on a car, this depends on several factors, including the type of car and its initial cost. However, in general, these expenses can range from $1,500 to $3,000 annually when calculating the costs of fuel, maintenance, and insurance, of course, depending on the type of car,” Al-Saadi explained.
    The international economics expert concluded by saying, "Therefore, it can be said that the competition in the Iraqi car market partly reflects geopolitical dynamics, as major countries seek to enhance their economic influence by entering new markets such as Iraq."
    According to Focus 2 Move, a company specializing in providing data on car markets, Toyota’s sales in Iraq topped others during the first quarter of this year, followed by Kia, Hyundai, Chery, Chevrolet, and Changan.
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