* Sector marked 23.8% year-on-year increase and 4.8% monthly rise
Qatar's automobile sector registered a healthy 23.8% year-on-year growth in new registrations in December 2021, mainly on the back of robust demand, especially for private vehicles, motorcycles and private transport, according to the latest official statistics.
New vehicle registration stood at 7,212, representing a 4.8% increase on a monthly basis, according to figures released by the Planning and Statistics Authority (PSA).
The registration of new private vehicles stood at 4,524, which posted a 14.4% and 4.4% growth year-on-year and month-on-month, respectively, in December 2021. Such vehicles constituted about 63% of the total new vehicles registered in the country in the review period.
The registration of new private transport vehicles stood at 1,677, which showed a 46.1% and 26.9% expansion on yearly and monthly basis, respectively. Such vehicles constituted more than 23% of the total new vehicles in December 2021.
According to the Qatar Central Bank data, auto loans to Qataris and non-Qataris were seen declining 26.81% and 16.67% year-on-year, respectively, to QR1.01bn and QR0.2bn in December 2021.
Personal loans to Qataris reported a 39.2% surge year-on-year to QR83.63bn and those for non-Qataris by 6.05% to QR9.11bn in the review period.
The overall consumption credit to nationals grew 9.34% year-on-year to QR147.95bn and that to non-Qataris by 5.47% to QR12.33bn in December 2021.
The registration of new private motorcycles stood at 734 units, which registered 69.9% and 24.4% surge year-on-year and month-on-month, respectively. These constituted more than 10% of the total new vehicles in December 2021.
The registration of new heavy equipment stood at 179, which constituted more than 2% of the total registration in the review period. Their registrations had seen 16.4% and 45.4% shrinkage on yearly and monthly basis, respectively.
The new registration of other non-specified vehicles stood at 53 units, which shot up 51.4% year-on-year; but declined 79% month-on-month in December 2021.
The registration of trailers saw a 9.8% year-on-year expansion to 45 units; but on a monthly basis, they showed 18.2% contraction in the review period.
The renewal of registration was reported in 67,143 units, which saw a 4.2% jump on a yearly basis but fell 2.3% month-on-month in the review period.
The transfer of ownership was reported in 29,711 vehicles in December 2021, which saw a marginal 0.7% increase year-on-year; but declined 3.8% on a monthly basis.
The re-registration of vehicles grew 41.5% year-on-year to 116; even as it tanked 21.1% on a monthly basis.
The modified vehicles’ registration saw a marginal 0.1% year-on-year decline to 4,144 units and it plunged 14.7% month-on-month in December 2021.
The cancelled vehicles stood at 2,522 units, which soared 53.8% and 2.2% year-on-year and month-on-month respectively in the review period.
The number of lost/damaged vehicles stood at 9,378 units, which dipped 13.2% and 9.7% on yearly and monthly basis respectively in December 2021.
The number of vehicles meant for exports stood at 1,853 units, which zoomed 36.6% year-on-year but shrank 11% month-on-month respectively in December 2021.
The clearing of vehicle-related processes stood at 122,107 units, which expanded 3.7% on a yearly basis but fell 3.3% month-on-month respectively in the review period.
New vehicle registration stood at 7,212, representing a 4.8% increase on a monthly basis, according to figures released by the Planning and Statistics Authority (PSA).
The registration of new private vehicles stood at 4,524, which posted a 14.4% and 4.4% growth year-on-year and month-on-month, respectively, in December 2021. Such vehicles constituted about 63% of the total new vehicles registered in the country in the review period.
The registration of new private transport vehicles stood at 1,677, which showed a 46.1% and 26.9% expansion on yearly and monthly basis, respectively. Such vehicles constituted more than 23% of the total new vehicles in December 2021.
According to the Qatar Central Bank data, auto loans to Qataris and non-Qataris were seen declining 26.81% and 16.67% year-on-year, respectively, to QR1.01bn and QR0.2bn in December 2021.
Personal loans to Qataris reported a 39.2% surge year-on-year to QR83.63bn and those for non-Qataris by 6.05% to QR9.11bn in the review period.
The overall consumption credit to nationals grew 9.34% year-on-year to QR147.95bn and that to non-Qataris by 5.47% to QR12.33bn in December 2021.
The registration of new private motorcycles stood at 734 units, which registered 69.9% and 24.4% surge year-on-year and month-on-month, respectively. These constituted more than 10% of the total new vehicles in December 2021.
The registration of new heavy equipment stood at 179, which constituted more than 2% of the total registration in the review period. Their registrations had seen 16.4% and 45.4% shrinkage on yearly and monthly basis, respectively.
The new registration of other non-specified vehicles stood at 53 units, which shot up 51.4% year-on-year; but declined 79% month-on-month in December 2021.
The registration of trailers saw a 9.8% year-on-year expansion to 45 units; but on a monthly basis, they showed 18.2% contraction in the review period.
The renewal of registration was reported in 67,143 units, which saw a 4.2% jump on a yearly basis but fell 2.3% month-on-month in the review period.
The transfer of ownership was reported in 29,711 vehicles in December 2021, which saw a marginal 0.7% increase year-on-year; but declined 3.8% on a monthly basis.
The re-registration of vehicles grew 41.5% year-on-year to 116; even as it tanked 21.1% on a monthly basis.
The modified vehicles’ registration saw a marginal 0.1% year-on-year decline to 4,144 units and it plunged 14.7% month-on-month in December 2021.
The cancelled vehicles stood at 2,522 units, which soared 53.8% and 2.2% year-on-year and month-on-month respectively in the review period.
The number of lost/damaged vehicles stood at 9,378 units, which dipped 13.2% and 9.7% on yearly and monthly basis respectively in December 2021.
The number of vehicles meant for exports stood at 1,853 units, which zoomed 36.6% year-on-year but shrank 11% month-on-month respectively in December 2021.
The clearing of vehicle-related processes stood at 122,107 units, which expanded 3.7% on a yearly basis but fell 3.3% month-on-month respectively in the review period.
