Qatar 2024. Suzuki Grows The Most Out The Top 10 (+19.8%)

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The 2024 Lexus LM
The 2024 Lexus LM

Qatari New Vehicles sales in 2024 are slightly up. Total sales in March amounted to 5,537 units (+3.5%). Q1 ends up with 15,085 sales (+6.2%). 

Market Trend and Outlook

The Qatari vehicle market in March reached 5,537 units (+3.5%). Q1 sales up to 15,085 (+6.2%).

Looking at cumulative data up to March brand-wise, the leader Toyota reports 4,768 sales (+7.7%) and 31.6% market share, far in front of Nissan with 1,038 units sold (-23.5%).

In third place ranks Lexus with 914 sales (+8.4%) ahead of MG -up 1 spot- in 4th with 806 new registrations (+16.0%). Closing the top 5 we have Kia -down 1 spot- with 794 sales (+10.1%).

Looking at specific models the Toyota Land Cruiser is the still best seller despite gaining 1.4% from the previous year, followed by the Lexus LX with a 9.3% surge in sales.

Medium-Term Market Trend

Following a rapid development in the first years of this century, Qatari light vehicles market reached the all time record in the 2014, hitting the 100,000 milestone.

However, the fall of oil price in the international market and the consequent restrictive economic policy and new taxes (including VAT) introduction, hit the consumer demand and the market declined by the half in 2015-2019 period.

When Covid 19 restrictions limited the activities in 2020, the market fell down at the lowest in last 15 years at only 40.000 sales. However, the recovery was immediate in 2021, pushed by demand generated by the organization of FIFA World Championship.

Tables with sales figures

In the tables below we report sales for Top 10 Brands and Top 10 Models.

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