Qatari New Vehicles in September 2023 fall for the 4th month this year, reporting 4,808 new registrations (-16.6%). YTD figures at 44,120 are down 0.2% from the previous year. Lexus booms 109.1% into 4th spot.
Market Trend and Outlook
The Qatari vehicle market in September 2023 falls for the 4th month this year, reporting 4,808 new registrations (-16.6%). YTD figures at 44,120 are down 0.2% from the previous year.
Looking at cumulative data up to September 2023 brand-wise, the leader Toyota reports 14,249 sales (-8.4%) and 32.3% market share, far in front of Nissan with 3,160 units sold (-15.6%).
In third place ranks Land Rover -up 5 spots- with 2,950 sales (+99.9%) ahead of Leuxs in 4th with 2,923 new registrations (+109.1%).
Looking at specific models the Toyota Land Cruiser is the still best seller despite losing 23.5% from the previous year, followed by the Lexus LX with a huge 135.6% surge in sales.
Medium-Term Market Trend
Following a rapid development in the first years of this century, Qatari light vehicles market reached the all time record in the 2014, hitting the 100,000 milestone.
However, the fall of oil price in the international market and the consequent restrictive economic policy and new taxes (including VAT) introduction, hit the consumer demand and the market declined by the half in 2015-2019 period.
When Covid 19 restrictions limited the activities in 2020, the market fell down at the lowest in last 15 years at only 40.000 sales. However, the recovery was immediate in 2021, pushed by demand generated by the organization of FIFA World Championship.
Tables with sales figures
In the tables below we report sales for Top 10 Brands and Top 10 Models.
