Qatar's automobile sector witnesses strong rebound month-on-month in June
August 07 2020 08:50 PM
Qatar traffic
The registration of new private transport vehicles in Qatar soared 76.1% and 13.4% on a monthly and yearly basis respectively to 1,004 units in June this year, which constituted 26% of the total vehicles in the review period against 30% in May 2020.

Qatar's automobile sector witnessed strong rebound this June month-on-month as there was substantial expansion in new and used vehicles segment; indicating resiliency in the local economy amidst the Covid-19 pandemic.
The registration of new private vehicles and motorcycles specifically saw three-digit growth in the review period, said the figures released by the Planning and Statistics Authority.
The total clearing vehicles were 124,609 units, which registered 51.4% and 47.3% expansion month-on-month and year-on-year respectively in the review period, the PSA said.
The new vehicles' registration stood at 3,898 in June this year, which more than doubled on a monthly basis, while it was down 5% on yearly basis.
There was more than doubled registration of new private vehicles month-on-month to 2,272 units in June this year.
It, however, fell 22.7% year-on-year.
These registrations accounted for more than 58% of the new vehicles registered compared to 53% in May 2020.
The registration of new motorcycles more than tripled month-on-month and year-on-year respectively to 338 units or 9% of the new vehicles registered in June this year compared to 6% the previous month of 2020.
The registration of new private transport vehicles soared 76.1% and 13.4% on a monthly and yearly basis respectively to 1,004 units in June this year, which constituted 26% of the total vehicles in the review period against 30% in May 2020.
There was more than doubled registration of new heavy equipment month-on-month to 159 units in June 2020.
On a yearly basis, it grew 71%. Such registration was 4% of the registration of new vehicles in June 2020.
The registration of new trailers was 25 units, which represented 92% and 38.9% growth month-on-month and year-on-year respectively this June.
Trailers' share was less than 1% of the total registration of new vehicles.
The new registration of other non-specified vehicles stood at 100, which expanded 75.4% on a monthly and yearly basis in the review period.
The auto loans from the commercial banks in the country were on a rough ride with the credit to both the nationals and the expatriates dropping in the review period, the Qatar Central Bank (QCB) data suggests.
According to the QCB data, auto loans for Qataris and expatriates had fallen 42.2% and 22.86% year-on-year respectively during the month in review.
The personal loan segment grew about 2% for Qataris; while it fell 19.22% for non-Qataris in June 2020.
The renewal of registration was reported in 89,797 units, which saw 43% and 69.3% increase on a monthly and yearly basis respectively.
They constituted 72% of the total clearing vehicles in June this year.
The transfer of ownership was reported in 26,344 vehicles in the review period, which saw a 67.6% and 30% expansion month-on-month and year-on-year in June 2020.
The transfer of ownership constituted 21% of the total clearing vehicles in the review period.
The re-registration of vehicles more than quadrupled to 126 units in June this year on a monthly basis.
Nevertheless, it saw 10% fall year-on-year.
The cancelled vehicles stood at 852 units, which grew more than five-fold month-on-month in June 2020; even as it shrank 47.7% year-on-year.
The modified vehicles more than tripled month-on-month in 2,018 in June this year, which however saw 31% shrinkage on a yearly basis.
The number of vehicles exported stood at 1,034, which more than doubled month-on-month in June 2020.



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