Ken Research Stated Iraq New Vehicle and Used Vehicle Market Valued at ~USD 10 billion

Comprehensive market analysis maps demand evolution, investment opportunities, and strategic imperatives for industry leaders in Iraq's rapidly transforming automotive ecosystem

Delhi, India - September 22, 2025 - Ken Research released its strategic market analysis titled "Iraq New Vehicle and Used Vehicle Market Outlook to 2028," revealing that Iraq's automotive market is valued at ~USD 10 billion based on a five-year historical analysis. The comprehensive analysis details how used vehicles continue to dominate sales while new vehicle adoption is rising, driven by urbanization, financing access, and supportive government policies.

The 90+ page report provides decision-makers with critical intelligence on market dynamics, competitive positioning, and investment opportunities across Iraq's new and used vehicle ecosystem. With a youthful population and increasing digital penetration, the analysis identifies a strategic inflection point for market entry and expansion.

"Iraq's automotive sector is entering a formalized growth phase," said Harsh Saxena, Principal at Ken Research. "Used vehicles remain the affordability engine, but consumer trust in financing, after-sales, and digital channels is accelerating the new vehicle trajectory."

Download the free sample report:

https://www.kenresearch.com/sample-report/iraq-new-vehicle-and-used-vehicle-market?utm_source=Open&utm_medium=Referral&utm_campaign=PR

Key Market Dynamics Reshaping the Iraq Vehicle Landscape

The report identifies four key growth drivers that will define market development:

Government Policy Momentum

The Iraqi government has introduced customs duty and tax reductions for electric and hybrid vehicles, alongside incentives for CKD/SKD assembly. This policy foundation reduces import reliance and creates long-term investment security.

Youth and Urbanization Surge

With more than 60% of the population under 25, Iraq is witnessing a surge in first-time ownership, particularly in Baghdad, Basra, and Erbil. Rising urbanization and infrastructure development are fueling both passenger and commercial demand.

Digital Marketplace Acceleration

Online platforms such as iQ Cars, OpenSooq, and CarsDir are modernizing the used-vehicle journey. Transparent listings, escrow services, and inspection add-ons are reshaping consumer trust and transaction speed.

Localization and Assembly Opportunities

Industrial-zone incentives in Basra and Baghdad are designed to attract local assembly partnerships. Organizations that move early into localization and after-sales networks will secure preferential access to the evolving market.

Critical Strategic Questions Addressed

For executives navigating this transformation, the report addresses four pivotal questions:

Market Entry Timing

With used vehicles dominating today's sales, the analysis reveals that new vehicle penetration will accelerate post-2026 as financing access, trust in dealerships, and after-sales support expand.

Regulatory Navigation

The mandate provides detailed mapping of import rules, EV tax/duty incentives, and compliance standards. This roadmap helps organizations anticipate regulatory changes and align product strategies accordingly.

Competitive Positioning

The analysis benchmarks 15+ global and regional players, including Toyota, Kia, Hyundai, MG, and Suzuki, covering market shares, pricing, and expansion plans. This intelligence supports defensible positioning in a competitive market.

Investment Prioritization

White-space analysis across digital used-car ecosystems, EV charging networks, assembly partnerships, and after-sales infrastructure guides capital allocation for maximum impact.

Get the complete report here:

https://www.kenresearch.com/industry-reports/iraq-new-vehicle-and-used-vehicle-market?utm_source=Open&utm_medium=Referral&utm_campaign=PR

Critical Infrastructure and Policy Developments

Strategic Registration and Import Modernization

Ongoing reforms in vehicle import and registration processes are reducing delays and improving compliance, creating stability for authorized dealers.

Digital Trust Infrastructure

Inspection tools, financing tie-ups, and warranties on digital platforms are boosting buyer confidence, accelerating online-to-offline conversion rates in the used-car market.

EV Incentives and Charging Rollout

Customs and tax relief for EVs and hybrids, coupled with planned charging infrastructure in major cities, are laying the groundwork for alternative-fuel adoption.

Provincial Hubs and Logistics-Led Growth

Basra's port-driven logistics, Baghdad's dense urban demand, and Erbil's infrastructure projects are emerging as key regional growth centers for both passenger and commercial vehicles.

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Strategic Value for Decision-Makers

"What distinguishes this analysis is its focus on actionable intelligence," noted Harsh Saxena, Principal at Ken Research. "Beyond market sizing, we have mapped Iraq's regulatory roadmap, identified partnership opportunities, and analyzed adoption behavior to provide executives with a complete strategic toolkit."

The 90+ page mandate delivers essential market intelligence for executives and investors, including:

Detailed segmentation by vehicle type (new vs. used, passenger vs. commercial), fuel type, sales channel, vehicle age, and region

5-year and 10-year forecast models with revenue and volume projections through 2030

Competitive benchmarking of 15+ global and regional players, including market share distribution and pricing strategies

White-space analysis across digital used-car platforms, EV charging infrastructure, assembly partnerships, and after-sales models

Regulatory and policy roadmap including import norms, EV/hybrid incentives, and compliance requirements

Ankur Gupta, Director at Ken Research, emphasized the timing: "The decisions made in the next 12-24 months will determine competitive positions in Iraq's automotive industry. Our analysis provides the data-backed insights needed to evaluate partnerships and identify entry points."

"As Iraq rebuilds its automotive ecosystem, the new and used vehicle market represents both a consumer necessity and an investment frontier," added Harsh Saxena. "Our report equips decision-makers to align with these structural shifts."

Industry executives seeking access to the complete analysis can contact Ken Research directly or visit:

https://www.kenresearch.com/industry-reports/iraq-new-vehicle-and-used-vehicle-market?utm_source=Open&utm_medium=Referral&utm_campaign=PR

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Contact:
Ankur Gupta
ankur.gupta@kenresearch.com
+91 9015378249

Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research delivers strategic market intelligence that drives confident decision-making for industry leaders. With specialized expertise in high-growth markets across emerging economies, the firm provides data-driven insights that translate into competitive advantage for global organizations and investors.

This release was published on openPR.