Qatar auto sales accelerate year-on-year in April (PSA)

Qatar’s automotive sector started the second quarter on a positive note on an annualized basis with new registrations recording strong double-digit growth, supported by robust sales of new vehicles and motorcycles, according to official data.
New vehicle registration was 7,321; which represents a 54.6% year-on-year increase, but saw a 16.2% decrease on a monthly basis, according to figures released by the Planning and Statistics Authority (PSA) .
New private vehicle registrations stood at 4,713, which was up 53.1% year-on-year but down 16.2% month-on-month in April 2022. These vehicles represented more than 64% of the total new vehicles registered in the country. during the exam period.
The registration of new private transport vehicles amounts to 1,126; which showed a marginal jump of 0.1% year-on-year, but fell 41.6% month-on-month in April 2022. These vehicles accounted for more than 15% of total new vehicles during the period considered.
According to data from the Central Bank of Qatar, car loans to Qataris and non-Qatarians decreased by 25.6% and 9.09% respectively year-on-year to QR 0.93 billion and QR 0.2 billion. QR in April 2022.
Personal loans to Qataris registered an increase of 80.11% year-on-year to QR 87.95 billion and those for non-Qataris increased by 12.53% to QR 9.07 billion during the reporting period .
Overall consumer credit to nationals increased by 3.5% year-on-year to QR 151.43 billion and that to non-Qatarians by 13.75% to QR 12.24 billion in April 2022.
Registration of new private motorcycles almost quadrupled on an annual basis to 1,048 units, even though it was down 1.3% month-on-month in April 2022. These constituted more 14% of total new vehicles in April 2022.
The registration of new heavy equipment stood at 157, which represented more than 2% of the total registration during the period under review. Their enrollments declined by 15.6% and 2.5% on an annual and monthly basis respectively.
New registrations of other unspecified vehicles amounted to 238 units, which more than quintupled year-on-year while they fell 17.9% on a monthly basis.
Trailer registrations were 39 units, which was up 34.5% on an annualized basis, but down 20.4% month-over-month during the reporting period .
Re-registration was reported in 59,714 units, which saw a 5% year-on-year increase but fell 27.4% on a monthly basis in April.
Ownership transfer was reported in 30,404 vehicles in April 2022, which grew 26.5% year-on-year but saw a 14.9% contraction month-over-month.
Vehicle re-registration declined by 18% and 22.2% year-on-year and month-on-month, respectively, to 91 units during the review period.
The registration of modified vehicles stood at 2,891, which resulted in a decrease of 37.7% and 39.9% on an annual and monthly basis respectively in April 2022.
Canceled vehicles totaled 2,276 units, which were up 46.6% year-on-year but down 32.7% month-on-month during the reporting period.
The number of lost/damaged vehicles stood at 7,191 units, down 27.2% and 31.7% respectively on a yearly and monthly basis in April 2022.
The number of vehicles destined for export amounted to 1,542 units, down 14.1% and 25.3% respectively year-on-year and month-on-month in April.
Vehicle-related process clearing was 111,440 units, which increased by 7.6% on a yearly basis but fell by 24.5% on a monthly basis during the reporting period.

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