Qatar Auto Sales 2016 reported the sharpest fall in over 30 years, hit by the worst economy deceleration in the last twenty years. All top players have lost sales, but Lexus, sixth and up in double-digit.
Qatar’s economy closed 2016 on a mixed note. Economic growth for the year likely decelerated to the lowest level in two decades, weighed down by the effects of the oil price downturn.
However, the government has made laudable efforts to attempt to compensate for the shortfall in oil-related revenues while sparing major infrastructure investments related to the 2022 FIFA World Cup and the Vision 2030 development plan, the cornerstones of Qatar’s non-hydrocarbon growth.
The automotive sector, has been heavily hit by the economy deceleration, arrived at the end of a long growing period with market volume almost doubled between the 2010 and the 2014/2015. Although unpredicted, the 2016 slowdown was severe and, according to data released by the Qatari Bureau of Statistics, new vehicles sales in the 2016 had been 72.260, down 25.2%.
All the top 17 brands have lost sales, but the sixth, Lexus, up 13.1%.
The market leader Toyota was down 23.6%, ahead of Nissan and Mitsubishi respectively down 26.8% and 25.7% and Kia (-4.9%).
Research, Consulting, Data & Forecast
F2M covers intensively this market with several products developed to help any investigation required.
Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2022.
Auto Data in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.
All these and more within our Qatar Store.
|Rank 2016||Rank 2015||Model||Sales 2016||Sales 2015||2016 Variation|
|1||1||Toyota Land Cruiser||8.749||9.520||-8,1%|
|4||4||Mitsubishi Lancer EX||2.673||3.726||-28,3%|