New vehicle sales up 13.7 percent in 2024
The Peninsula
Doha, Qatar: Qatar has been witnessing a surge in the sale of new vehicles, especially automobiles, driven by the country s robust economic growth and...
Doha, Qatar: Qatar has been witnessing a surge in the sale of new vehicles, especially automobiles, driven by the country’s robust economic growth and steady rise in population.
The country saw 53,558 new vehicles registered in the first seven months of this year, compared to 47,111 vehicles registered in the same period in 2023, a 13.7 percent increase. Over 70 percent of all new vehicles registered this year so far are private vehicles, according to the data released by the National Planning Council.
The month of May saw the highest number of new vehicles registered in 2024 at 8,903, followed by January at 8,512. A total of 7,835 vehicles were registered in March, 7,733 in July, 7,231 in February, 7,011 in April, and 6,333 new vehicles were registered in June.
The surge in automobile sales is driven by sustained economic growth and a steady rise in the population. Qatar’s total population stood at 3.054 million by the end of August 2024, according to the National Planning Council.
Qatar’s population has been steadily rising over the years, in step with the remarkable economic growth and infrastructural development the country has witnessed in recent decades. The population has doubled over the last 16 years, rising from 1.54 million at the end of October 2008.