Iraq Vehicle Sales Outlook Deteriorates

From Fitch Solutions / BMI. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Iraq Vehicle Sales Outlook Deteriorates Amid Conflict And Logistics Disruptions

We maintain a bearish outlook for Iraq's automotive market in 2026, as the economic and security fallout from the US-Iran conflict and disruption to oil exports through the Strait of Hormuz weigh heavily on consumer and business sentiment. We forecast total vehicle sales to decline sharply, led by weakness in the passenger vehicle segment.

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