Qatar new vehicles sales rose 7% in the first half 2015 keeping the speed after four years of record growth. The market leader, Toyota, further reinforced its dominion on the market.
The Qatari economy accelerated in Q2 and is expected to maintain strong growth momentum in the second half of the year. The government is committed to maintaining massive spending on infrastructure projects, geared in part toward preparing the country for the 2022 World Cup. Spending on projects is expected to exceed USD 30 billion this year alone, despite the decline in oil revenues.
The government is tapping into the large fiscal buffer it built up in previous years and borrowing from financial markets to fund spending. Diversification efforts are also paying off, with Qatar building up its reputation as a center for international finance.
Moreover, a large influx of foreign workers involved in the construction sector is helping boost domestic demand. The non-oil sector is expected to grow at double-digits rates in the years to come.
Despite the cut of energy sector revenues the demand for new vehicles in Qatar did not decline fueled by the large influx of workers and double digit speed for non-oil sector. Following the rapid growth scored in the recent years, with a row of four all-time records in a row, the 2015 continues the series and the first half was positive again, at the best level ever.
The 52.656 light vehicles sold in this period represent an increase of 7.4% over the correspondent period last year.
Toyota has been able to improve the already outstanding market share registering 18.957 vehicles, up 19.7% with market share at 36.0%. In second place there was Nissan with 15.0% of share and in third Mitsubishi with 7.9%.
As far as Best-selling models performance, the Toyota Land Cruiser dominated the competition with 4.937 sales (+32.1) followed by the Toyota Hilux with 3.480 (+9.8%) and the Toyota Prado with 2.737 (+12.2%).
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Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.
|Rank 2015||Rank 2014||Model||I Half 2015||I Half 2014||Var||Share 2015||Share 2014|
|1||1||Toyota Land Cruiser||4.931||3.734||32,1%||9,5%||7,7%|
|7||9||Mitsubishi Lancer EX||1.502||1.179||27,4%||2,9%||2,4%|
|8||6||Hyundai Santa fe||1.193||1.431||-16,6%||2,3%||3,0%|