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Iraq Car Sales Slump 28.6% in H1 2026; Only Jetour and Great Wall Defy Losses
Iraqi Vehicle Market in 2026 continues to slump. H1 sales fell by 28.6%, with Hyundai and Suzuki being affected the most. Notably, only Jetour and Great Wall managed to defy the contraction and report year-on-year gains.
2026 forecasts indicate a sharp economic contraction of about 6.8% for Iraq, driven by heightened regional tensions, volatility in global oil markets, and disruptions linked to energy supply routes such as the Strait of Hormuz.
Despite higher oil prices, gains are expected to be offset by rising import costs and inflationary pressure, which will strain household purchasing power and push up the cost of essential goods and services.
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