Qatar Autos Report Q1 2015

Business Monitor International
December 10, 2014
63 Pages - SKU: BMI5405809
Countries covered: Qatar

Qatar Autos Report Q1 2015

The most recent available data as this report was being compiled showed that Qatari new vehicle sales wereup by 12% year-on-year (y-o-y) over H114, to 47,461 units, according to information on the Best SellingCars blog website. Against this positive sales performance backdrop, BMI is happy to maintain its forecastof 14.8% growth in new vehicle sales for the year as a whole.

There remain several reasons behind our continued optimism towards the Qatari new vehicle sales market.For one, the domestic economy remains buoyant. Official data released on September 30 2014 showed thatthe Qatari economy had grown by 5.7% in real annual terms over Q214, compared to a revised rate of 5.4%in Q114. This was broadly in line with our forecasts, which anticipate full-year growth of 5.7% in 2014,accelerating to 6.6% in 2015 as the new Barzan gas development comes on stream.



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