Private vehicles sales accelerate Qatar's auto sector month-on-month in January 2023: PSA

Qatar's automobile sector began 2023 on a solid note with it witnessing a robust double-digit month-on-month acceleration in sales of private personal use and transport vehicles in January 2023, according to the official statistics.The country saw 6,389 new vehicles registered in January 2023, of which as much as 92% was for the private use, said the figures released by the Planning and Statistics Authority (PSA).The new vehicle registrations registered a 40.2% surge on a monthly basis in January 2023 but fell 20% on an annualised basis.The registration of new private vehicles stood at 4,988, which shot up 51.9% and 16.58% month-on-month and year-on-year respectively in January 2023. Such vehicles constituted 78% of the total new vehicles registered in the country in the review period.The registration of new private transport vehicles stood at 918, which grew 21.8% on a monthly basis but plummeted 46.4% year-on-year in January 2023. Such vehicles constituted 14% of the total new vehicles in the review period.The registration of new private motorcycles stood at 213 units, which plunged 31.5% and 85.5% month-on-month and year-on-year respectively in January 2023. These constituted 3% of the total new vehicles in the review period.The registration of new heavy equipment stood at 162, which constituted 3% of the total registrations in January 2023. Their registrations had seen a 76.1% expansion month-on-month but shrank 27.7% on a yearly basis in the review period.The registration of trailers amounted to 64 units, which was unchanged from December 2022 levels even as it reported 52.4% surge on an annualised basis in the review period.The new registration of other non-specified vehicles stood at 44 units, which shrank 17% and 83.5% month-on-month and year-on-year respectively in January 2023.The renewal of registration was reported in 82,840 units, which saw 32.6% and 10.8% increase on monthly and yearly basis respectively in January 2023. It constituted 59% of the clearing of vehicle-related process in the review period.The transfer of ownership was reported in 33,150 vehicles in January 2023, which zoomed 36.7% and 8.1% month-on-month and year-on-year respectively. It constituted 23% of the clearing of vehicle-related process in the review period.The number of lost/damaged vehicles stood at 7,955 units, which shot up 30.4% month-on-month but shrank 17.4% on a yearly basis in January 2023.The modified vehicles’ registration amounted to 6,120, which expanded 111% and 36.2% month-on-month and year-on-year respectively in January 2023.The cancelled vehicles stood at 3,038 units, which declined 17.9% on monthly basis but showed a 15.5% growth on an annualised basis in the review period.The number of vehicles meant for exports stood at 1,505 units, which reported 41.1% surge on a monthly basis but was down 13.3% year-on-year in January 2023.The re-registration of vehicles stood at 100, which reported 42.9% increase month-on-month but plummeted 38.7% on yearly basis in January 2023.The clearing of vehicle-related processes stood at 141,074 units, which grew 34.2% and 6.9% on monthly and yearly basis respectively in the review period.Hamad, Doha and Al Ruwais ports had handled 5,708 RORO (vehicles) in January 2023, which registered an 8.86% and 0.44% contraction on monthly and yearly basis respectively. Hamad Port alone handled 5,667 units in January 2023.