Qatar witnessed robust sales expansion in private transport, trailers and heavy equipment, and the used vehicles segment looked rosy this October, as the country lifted the Covid-19-related restrictions, according to the Planning and Statistics Authority (PSA).
Of the new 5,674 vehicles registered in October this year, the number of new private vehicles stood at 3,317 – recording a 20.3% and 28% shrinkage month-on-month and year-on-year. These accounted for 58% of the new vehicles registered this October.
Registrations of new private transport vehicles stood at 1,743; which constituted 31% of the total new vehicles in the review period. Such registrations saw 29.9% and 39% growth month-on-month and year-on-year respectively this October.
Registrations of new heavy equipment reported 14.2% monthly growth to 241. On a yearly basis, it more than doubled in October 2020. It constituted 4% of the new vehicles in the review period.
Registrations of new trailers stood at 53 units, which shot up 60.6% month-on-month and 6% year-on-year this October. They constituted less than 1% of the total registration of new vehicles in the review period.
Registrations of new motorcycles stood at 218, registering 36.1% and 27.3% month-on-month and year-on-year gains respectively in October 2020. Such registrations constituted about 4% of the new vehicles registered in the review period.
New registrations of other non-specified vehicles stood at 102, which was up 2% month-on-month; whereas it declined 54.5% year-on-year in October this year.
Clearing of vehicle-related processes stood at 108,506 units, which rose 13% on a monthly basis but declined 4.9% on a yearly basis in the review period.
Auto loans from the commercial banks in the country were nevertheless on a rough ride with the credit to both the nationals and the expatriates dropping in the review period, according to Qatar Central Bank (QCB) data.
According to QCB data, auto loans for Qataris and expatriates fell 26.47% and 21.88% year-on-year respectively during the month in review.
The personal loan segment saw a 3.33% growth for Qataris; while it fell 24.16% for non-Qataris in October.
The transfer of ownership was reported in 29,993 vehicles in the review period, which saw a 2.2% and 9.7% growth on monthly and yearly basis respectively. The transfer of ownership constituted 28% of the total clearing vehicles in October this year.
The renewal of registration was reported in 60,244 units, which saw a 22.4% jump month-on-month but declined 13.9% year-on-year in October 2020. They constituted more than 55% of the total clearing vehicles in the review period.
Re-registrations of vehicles saw a 17.8% jump to 106 units on a monthly basis but reported a 56% year-on-year plunge this October.
The cancelled vehicles stood at 1,490 units, which witnessed 16.6% and 43.3% decrease month-on-month and year-on-year in October 2020.
The modified vehicles were 4,445 in October this year, which saw 17.2% and 3.3% expansion on monthly and yearly basis respectively.
The number of lost/damaged vehicles was 5,186; which doubled in October on a monthly basis. On a yearly basis, such vehicles more than tripled in the review period.
The number of vehicles meant for exports were 1,534; which was down 3.6% month-on-month but grew 6.7% year-on-year this October.
Registrations of new private transport vehicles stood at 1,743; which constituted 31% of the total new vehicles in the review period. Such registrations saw 29.9% and 39% growth month-on-month and year-on-year respectively this October.
Registrations of new heavy equipment reported 14.2% monthly growth to 241. On a yearly basis, it more than doubled in October 2020. It constituted 4% of the new vehicles in the review period.
Registrations of new trailers stood at 53 units, which shot up 60.6% month-on-month and 6% year-on-year this October. They constituted less than 1% of the total registration of new vehicles in the review period.
Registrations of new motorcycles stood at 218, registering 36.1% and 27.3% month-on-month and year-on-year gains respectively in October 2020. Such registrations constituted about 4% of the new vehicles registered in the review period.
New registrations of other non-specified vehicles stood at 102, which was up 2% month-on-month; whereas it declined 54.5% year-on-year in October this year.
Clearing of vehicle-related processes stood at 108,506 units, which rose 13% on a monthly basis but declined 4.9% on a yearly basis in the review period.
Auto loans from the commercial banks in the country were nevertheless on a rough ride with the credit to both the nationals and the expatriates dropping in the review period, according to Qatar Central Bank (QCB) data.
According to QCB data, auto loans for Qataris and expatriates fell 26.47% and 21.88% year-on-year respectively during the month in review.
The personal loan segment saw a 3.33% growth for Qataris; while it fell 24.16% for non-Qataris in October.
The transfer of ownership was reported in 29,993 vehicles in the review period, which saw a 2.2% and 9.7% growth on monthly and yearly basis respectively. The transfer of ownership constituted 28% of the total clearing vehicles in October this year.
The renewal of registration was reported in 60,244 units, which saw a 22.4% jump month-on-month but declined 13.9% year-on-year in October 2020. They constituted more than 55% of the total clearing vehicles in the review period.
Re-registrations of vehicles saw a 17.8% jump to 106 units on a monthly basis but reported a 56% year-on-year plunge this October.
The cancelled vehicles stood at 1,490 units, which witnessed 16.6% and 43.3% decrease month-on-month and year-on-year in October 2020.
The modified vehicles were 4,445 in October this year, which saw 17.2% and 3.3% expansion on monthly and yearly basis respectively.
The number of lost/damaged vehicles was 5,186; which doubled in October on a monthly basis. On a yearly basis, such vehicles more than tripled in the review period.
The number of vehicles meant for exports were 1,534; which was down 3.6% month-on-month but grew 6.7% year-on-year this October.
