Iraq could become next major car market (Autoblog)
Filed under: Car Buying, Chrysler, Dodge, Ford, GM, Volkswagen, Middle East
While China is still the big dog when it comes to growth markets for
automakers, Iraq looks to be heating up. As the country slowly stabilizes, the
country’s 30 million citizens find themselves with a growing income and a need
for more reliable transportation.
But, according to _Automotive News_, the biggest factor in the resurgence of
Iraqi car-buying is a decrease in violence by insurgents. Last year only (?!)
about 1,500 Iraqis were killed by roadside bombs, snipers or other violence.
That’s compared to more than 34,000 in 2006. As you might imagine, safer
streets lead to much greater satisfaction derived from Sunday drives.
Ready to cash in on the auto-buying-boom are Volkswagen, Ford and GM. All
three see huge potential in a country still driving thousands of VW Passats
procured via an oil trade with Brazil in the 1980s.
Apparently, one popular car in Iraq is the Dodge Charger – nicknamed “Obama”
by Iraqis. Then again, the _LA Times_ said last year that the Chrysler 300 was
known as “the Obama,” so maybe the term goes for any large American sedan.
Iraq could become …
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