Qatar's automobile sector saw brisk sales in private vehicles and motorcycles, which led to a robust 7.5% year-on-year growth in the new registered vehicles this July, according to the Planning and Statistics Authority (PSA).
The new vehicle registrations stood at 5,849; which however represented a 27% decrease month-on-month, said the figures released by the PSA.
The registration of new private vehicles stood at 3,723, which posted an 11.6% growth on an annualised basis but declined 24.9% on monthly basis in July 2022. Such vehicles constituted about 64% of the total new vehicles registered in the country in the review period.
The registration of new private transport vehicles stood at 1,338; which nevertheless shrank 8.1% and 10.4% year-on-year and month-on-month respectively in July 2022. Such vehicles constituted about 23% of the total new vehicles in the review period.
According to the Qatar Central Bank data, auto loans to Qataris and non-Qatari were seen declining 24.35% and 4.76% year-on-year respectively to QR0.87bn and QR0.2bn in July 2022.
Personal loans to Qataris reported an 87.82% surge year-on-year to QR91.17bn and those for non-Qataris by 17.41% to QR9.51bn in the review period.
The overall consumption credit to nationals grew 8.83% on an annualised basis to QR153.7bn and that to non-Qataris by 11.32% to QR12.78bn in July 2022.
The registration of new private motorcycles almost doubled on a yearly basis to 580 units but it plunged 48.4% month-on-month in July 2022. These constituted about 10% of the total new vehicles in the review period.
The registration of new heavy equipment stood at 149, which constituted about 3% of the total registration this July. Their registrations had seen 50.3% and 28.4% shrinkage on an annualised and monthly basis respectively.
The new registration of other non-specified vehicles stood at 36 units, which grew about 29% on a yearly basis but witnessed an 80.5% contraction month-on-month in the review period.
The registration of trailers stood at 23 units, which saw a 4.5% growth year-on-year; while it halved on a monthly basis in the review period.
The renewal of registration was reported in 55,671 units, which saw 0.6% and 22.1% decline year-on-year and month-on-month respectively this July.
The transfer of ownership was reported in 26,028 vehicles in July 2022, which zoomed 12.1% on an annualised basis but tanked 23.1% month-on-month.
The re-registration of vehicles stood at 61, which reported 15.3% and 60.6% decline on yearly and monthly basis respectively this July.
The modified vehicles’ registration stood at 6,021, which saw a 68% growth year-on-year but fell 26% on a monthly basis in July 2022.
The cancelled vehicles stood at 1,461 units, which shrank 19.1% and 45.8% year-on-year and month-on-month respectively in the review period.
The number of lost/damaged vehicles stood at 7,350 units declined 30.4% and 16.9% year-on-year and month-on-month respectively in July 2022.
The number of vehicles meant for exports stood at 1,325 units, shrank 15.8% and 37.1% on yearly and monthly basis respectively this July.
The clearing of vehicle-related processes stood at 103,893 units expanded 1.6% on an annualised basis but shrank 23.3% month-on-month in the review period.
The new vehicle registrations stood at 5,849; which however represented a 27% decrease month-on-month, said the figures released by the PSA.
The registration of new private vehicles stood at 3,723, which posted an 11.6% growth on an annualised basis but declined 24.9% on monthly basis in July 2022. Such vehicles constituted about 64% of the total new vehicles registered in the country in the review period.
The registration of new private transport vehicles stood at 1,338; which nevertheless shrank 8.1% and 10.4% year-on-year and month-on-month respectively in July 2022. Such vehicles constituted about 23% of the total new vehicles in the review period.
According to the Qatar Central Bank data, auto loans to Qataris and non-Qatari were seen declining 24.35% and 4.76% year-on-year respectively to QR0.87bn and QR0.2bn in July 2022.
Personal loans to Qataris reported an 87.82% surge year-on-year to QR91.17bn and those for non-Qataris by 17.41% to QR9.51bn in the review period.
The overall consumption credit to nationals grew 8.83% on an annualised basis to QR153.7bn and that to non-Qataris by 11.32% to QR12.78bn in July 2022.
The registration of new private motorcycles almost doubled on a yearly basis to 580 units but it plunged 48.4% month-on-month in July 2022. These constituted about 10% of the total new vehicles in the review period.
The registration of new heavy equipment stood at 149, which constituted about 3% of the total registration this July. Their registrations had seen 50.3% and 28.4% shrinkage on an annualised and monthly basis respectively.
The new registration of other non-specified vehicles stood at 36 units, which grew about 29% on a yearly basis but witnessed an 80.5% contraction month-on-month in the review period.
The registration of trailers stood at 23 units, which saw a 4.5% growth year-on-year; while it halved on a monthly basis in the review period.
The renewal of registration was reported in 55,671 units, which saw 0.6% and 22.1% decline year-on-year and month-on-month respectively this July.
The transfer of ownership was reported in 26,028 vehicles in July 2022, which zoomed 12.1% on an annualised basis but tanked 23.1% month-on-month.
The re-registration of vehicles stood at 61, which reported 15.3% and 60.6% decline on yearly and monthly basis respectively this July.
The modified vehicles’ registration stood at 6,021, which saw a 68% growth year-on-year but fell 26% on a monthly basis in July 2022.
The cancelled vehicles stood at 1,461 units, which shrank 19.1% and 45.8% year-on-year and month-on-month respectively in the review period.
The number of lost/damaged vehicles stood at 7,350 units declined 30.4% and 16.9% year-on-year and month-on-month respectively in July 2022.
The number of vehicles meant for exports stood at 1,325 units, shrank 15.8% and 37.1% on yearly and monthly basis respectively this July.
The clearing of vehicle-related processes stood at 103,893 units expanded 1.6% on an annualised basis but shrank 23.3% month-on-month in the review period.