Qatar 2014. Cars Market hit new all time record

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Qatar Cars Market
Nissan-Sway_Concept_2015

Qatar Cars Market hit new all time record in 2014 albeit volume were below the predicted 100.000 units. Toyota has further improved the market share while Nissan Patrol & Mitsubishi Lancer shine.

In 2014 according to data released by focus2move Research Team through local sources and manufacturers, total new Light Passengers Vehicles sold have been 98.941, up 9.1% from 2013.

2014 was the new all-time record, the fourth in a row, albeit the sales volume was lower han originally predicted, due to a weak first half.

Since mid 2014, Brent crude oil has tumbled to near $60 a barrel from around $115, pressuring the finances of energy exporters around the world. In the Gulf, Bahrain and Oman are expected to be particularly hard hit.

But Qatar appears almost immune to cheap oil. Although it is a significant oil producer, the prices of its natural gas exports are only weakly correlated with oil. Even at current oil prices, analysts estimate Qatar’s state budget might break even in the 2015; it has huge fiscal reserves to cover any deficits.

Ministry of Development Planning and Statistics predicted a 2015 GDP grow at 7.7% that would be Qatar’s fastest expansion since 2011 and an acceleration from 6.3% estimated for the 2014.

The automotive sector is driven by this strong economy increase and the second half of the 2014 was higher than expected, launching the 2015 above the 100.000 units, first time ever.

Toyota was the market leader selling 32.855 light passengers vehicles (no trucks included) with market share at 33.4, up 1.9 points of share from 2013.

Second was Nissan with 15.474 sales followed by Mitsubishi that boomed sales during the year outpacing Hyundai, Kia, Ford and Chevrolet.

As far asĀ Best-selling models performance, the Toyota Land Cruiser dominated the competition with 7.817 sales (-0.4) followed by the Toyota Hilux with 6.516 (-3.8%) and the Toyota Prado with 4.678 (+8.2%).

The great winners of the year had been the last generation Nissan Patrol (4th with 3.372 sales , +69.0%) and the Mitsubishi Lancer (6th with 2.931 sales, +216.9%).

Tables with sales figures

In the tables below we report sales for Top Brands

 

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