Qatari New Vehicle market driven up by FIFA World Cup. 2022 totals 61,407 sales (+34.9%), with December reporting 5,188 new registrations (+23.7%), the 12th consecutive growth of the year.
Market Trend and Outlook
Following a collapse in sales in 2020 (-17.9%), the light vehicle market started to gain momentum in the 2021, closing the year 13.8% higher than the prior. This spike in demand was caused by strong investments in preparation for the 2022 FIFA World Cup, that ultimately lead to a growth in the countries GDP.
In 2022 the light vehicle market in Qatar totaled 61,407 sales, a 34.9% increase from the prior year. December confirmed the overall uptrend, posting the 12th consecutive growth of the year with 5,188 new registrations (+23.7%).
Looking at cumulative data from 2022 brand-wise, the leader Toyota reports 20,626 sales (+59.8%) and 33.6% market share, far in front of Nissan which sold 5,003 units (+0.1%).
In third place ranks Kia with 3,931 sales(+22.8%) ahead of a skyrocketing Suzuki, -up 6 spots- in 4th with 2,857 new registrations (+119.6%).
Tables with sales figures
In the tables below we report sales for Top 10 Brands and Top 10 Models.