Qatar saw a robust jump, particularly in the registration of heavy equipment and private motorcycles as well as those for exports on both monthly and yearly terms, amidst an overall decline in new sales in the country’s automobile sector in February 2021, according to the figures released by the Planning and Statistics Authority (PSA).
The new vehicles’ registration stood at 5,141; representing 6% and 14.5% month-on-month and year-on-year decline respectively in the review period.
Of the new 5,141 vehicles registered in February 2021, the number of new private vehicles stood at 3,401 – recording an 8.9% and 22.9% shrinkage on monthly and yearly basis. These accounted for more than 66% of the new vehicles registered in the review period compared to 68% the previous month.
The registration of new private transport vehicles stood at 1,044; which constituted more than 20% of the total new vehicles against about 22% in January 2021. Such registrations saw 11.4% and 6.1% decrease month-on-month and year-on-year respectively in February 2021.
According to the Qatar Central Bank data, the consumption credit rose 10.03% year-on-year to QR151.88bn in February 2021. The consumption credit to nationals amounted to QR140.87bn, which grew 14.36%; while that to non-Qataris shrank 25.86% to QR11.01bn.
The auto loans to Qataris and non-Qatari were seen declining 32.29% and 20% year-on-year respectively to QR1.3bn and QR0.24bn this February.
Personal loans to Qataris reported 15.12% shrinkage year-on-year to QR49.07bn; whereas those to non-Qataris more than doubled to QR8.22bn in the review period.
The registration of new motorcycles stood at 369, registering a 36.7% and 18.3% increase year-on-year and month-on month respectively. Such registrations constituted more than 7% of the new vehicles registered against about 5% the previous month.
The registration of new heavy equipment was 236, which reported 44.8% and 112.6% surge on yearly and monthly basis respectively this February. It constituted about 5% of the new vehicles registered compared to 3% in January 2021.
The registration of new trailers stood at 27 units, which shrank 42.26% and 20.6% year-on-year and month-on-month respectively in the review period.
The new registration of other non-specified vehicles doubled to 64 units on a yearly basis, even as it shrank 16.9% on monthly basis in February 2021.
The transfer of ownership was reported in 27,052 vehicles in the review period, which saw a 6.1% increase year-on-year but fell 10.2% month-on-month this February.
The renewal of registration was reported in 62,666 units, which saw a 10.6% and 3.2% shrinkage month-on-month and year-on-year respectively in the review period.
The re-registration of vehicles stood at 99 units, which saw a 28.6% increase on a monthly basis; even as it shrank 32.2% year-on-year in February 2021.
The cancelled vehicles stood at 1,565 units, which witnessed 12.6% and 21.4% contraction month-on-month and year-on-year in the review period.
The modified vehicles were 3,329 in February 2021, which saw a 38.7% and 21.5% decline on monthly and yearly basis respectively.
The number of lost/damaged vehicles grew more than six-fold year-on-year to 9,291 units; even as it dipped 9.7% month-on-month in February 2021.
The number of vehicles meant for exports were 1,450; which grew 1.5% and 21.7% on monthly and yearly basis respectively in February 2021.
Clearing of vehicle-related processes stood at 110,549 units, which rose 4.8% year-on-year but was down 11.1% month-on-month in the review period.
 
 
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