BMI View: This quarter, we have lowered our forecast to an 11.2% fall in new vehicle sales across 2016,
against a backdrop of slowing demand and sluggish economic growth.
- 4M16 new vehicle sales figures bear out our pessimism towards the Qatari mar ..."
BMI View: We believe 2016 will be a challenging year for Qatari new vehicle sales, as the economy slows
and the government cuts back on both spending and subsidies.
? This quarter, we have revised down our 2016 sales forecasts for Qatar.
? We exp ..."
BMI View: Robust economic growth and a series of infrastructure projects continue to underpin BMI's
positive stance towards the Qatari new vehicle sales market in 2016. We expect 8.7% sales growth for the
sector as a whole.
? This quarter, BMI ha ..."
In 2014, there were a total of 101,982 private vehicles registered in Qatar, according to BMI calculations
based on figures from Qatar's Monthly Statistics book, prepared by Qatar's Ministry of Development
Planning and Statistics. This represented an annual increase o ..."
Since our last quarterly update on the outlook for Qatar's auto sector, football's world governing body FIFA
released a report produced by its ethics committee (of which only a 42-page summary was published on
November 13 2014) that found no evidence that would justif ..."
The most recent available data as this report was being compiled showed that Qatari new vehicle sales were
up by 12% year-on-year (y-o-y) over H114, to 47,461 units, according to information on the Best Selling
Cars blog website. Against this positive sales performanc ..."
BMI View: BMI's forecasts call for nearly 100% growth in new vehicle sales over the 2015-2018 period, to
reach over 200,000 units sold. Our positive outlook on the market continues to be based on rising
government expenditure, a growing population and increased spendi ..."
BMI View: This quarter, BMI has extended its forecast period out to 2018. Over the newly extended
forecast period, we continue to target strong growth in new vehicle sales, which should increase by some
40%, to around 140,000 units in 2018. Our positive outlook contin ..."
BMI View: BMI remains upbeat on the medium-term outlook for the Qatari auto sector. Although full-year
sales figures for 2013 may come in slightly below our forecasts, based on sales trends over H113, we retain
an optimistic outlook on the auto sector. This is based o ..."
Looking at very early trends for 2013, new vehicle sales were reportedly up by 10%, at 14,283 units, over
the first two months of the year. Against this positive backdrop, this quarter BMI maintains its forecast for
17% rise in new vehicle sales in Qatar for 2013. Thi ..."