QATAR – Qatar’s automotive sector remains strong with new registrations, with solid double-digit growth in sales of two-wheelers, heavy machinery and private cars, and second-hand market also expands from October this year to September 2023, according to planning statistics. It showed a lot of activity compared to the others. Authority (PSA).
In the country, 8,589 new cars were registered in October 2023, an increase of 1.7% month-on-month, but a decrease of 29.6% year-on-year during the survey period.
The number of driving licenses increased by 1% month-on-month to 9,276 in October 2023, with licenses issued to non-Qatari men and women increasing by 2.3% and 1.1%. Meanwhile, the number of Qatari women and men decreased by 15% and 12.9%, respectively.
The number of new private motorcycles registered was 509, an increase of 70.2% from the previous month, but a decrease of 20.3% from the previous year in October 2023. These accounted for 6% of the total number of new cars during the study period.
There were 196 new heavy equipment registrations, accounting for 2% of the total registrations in October this year. Their registration number increased by 27.3% month-on-month, even though it decreased by 4.4% on an annual basis during the survey period.
The number of new registrations of private transport vehicles was 1,265, an increase of 20.1% on a monthly basis, but a decrease of 35.4% year-on-year in October 2023. Such vehicles accounted for 15% of all new vehicles during the study period.
The number of new private car registrations was 5,762. However, in September 2023, it decreased by 5.1% compared to the previous month and 18.3% compared to the previous year. Such vehicles accounted for 67% of the total number of new vehicles registered in the country during the survey period.
As many as 40 trailers were registered in October 2023, plummeting 25.9% and 39.4% on a monthly and annual basis, respectively. These accounted for less than 1% of all new cars during the review period.
The number of new registrations other than other specified vehicles was 817, an increase of 0.6% from the previous month, but a significant decrease in October of 64.7% from the same month last year. These accounted for 10% of the total number of new cars registered in the country during the study period.
The number of vehicle-related process liquidations was 143,288, an increase of 16.5% on a monthly basis, but a decrease of 0.1% on an annual basis during the survey period.
The number of registration renewals was reported to be 82,830, an increase of 17.4% from the previous month and 10.3% from the same month last year in October 2023, accounting for 58% of the number of vehicle-related procedures cleared during the examination period. .
There were 34,369 ownership transfers in October 2023, an increase of 6% from the previous month, but a decrease of 2.9% from the previous year. This accounted for 24% of vehicle-related process clearing during the review period.
The number of lost/damaged vehicles was 7,363, more than doubling month-on-month, but decreasing by 18% on an annual basis in October 2023. These accounted for 5% of vehicle-related processes cleared during the review period.
The number of registered modified vehicles was 5,487. Although it increased by 42.3% on a monthly basis, it fell to a 13.7% year-on-year decrease in October 2023. These accounted for 4% of vehicle-related process clearing during the review period.
The number of canceled vehicles was 2,139. In October 2023, it was down 19.5% month over month and 42.7% year over year. These accounted for his 1% of vehicle-related process clearing during the review period.
The number of vehicles destined for export was 2,095, but it still increased by 26.6% from the previous month in October 2023 and by 31.6% from the same month last year. This accounted for 1% of the clearing value of domestic vehicle-related processes. Reconsideration period.
Re-registration was carried out on 112 vehicles, and in October 2023, there was a significant decrease of 36.4% compared to the previous month and 25.8% compared to the same month of the previous year.
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