Qatar Autos Report - Business Monitor International - Industry Reports

Qatar Autos Report

Qatar Autos Report - Business Monitor International - Industry Reports
Qatar Autos Report
Published Aug 20, 2016
30 pages — Published Aug 20, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The continued high prices reportedly being charged by some Qatari dealerships also represent an obstacle to further growth in the sector. There have also recently been some concerns expressed about local dealerships selling damaged or repaired cars as brand new. ...Any increase in domestic rates could lead to higher financing costs for those Qatari consumers who require a loan to make a new vehicle purchase. Beyond the current year, we remain optimistic on the medium-term outlook for Qatari new vehicle sales, as economic growth strengthens and with demand for commercial vehicles set to remain robust from the key Construction sector, as the emirate prepares to host the ---- FIFA Football World Cup. Recovering private consumption levels should also ensure a better performance from the passenger car sector from ---- onwards. ...Despite having no indigenous auto production facilities, Qatar is home to an extensive auto parts supply network, with many leading companies having a sales presence in the country.

...Similar to the rest of the GCC, we believe that Qatar has entered a protracted period of slower economic growth, as depressed hydrocarbon prices impact business confidence, government spending and domestic liquidity. ...Doha is also looking to reform its subsidy system and liberalise prices for utilities and fuel, while restraining the public sector wage bill and placing renewed emphasis on the private sector. Anecdotal evidence also indicates that Qatar is cutting staff and curbing internal spending in a range of state-owned enterprises and government-linked organisations, notably in the energy, health and cultural sectors. All of which will weigh on consumer spending and, by extension, auto sales within the emirate. ...Qatar Vehicle Sales --------- Qatar - Vehicle sales, units ---- ----f ----f ----f ----f ----f --,--- ---,--- ---,--- ---,--- ---,--- ---,--- f = BMI forecast.

...Looking at early sales trends for ----, new vehicle sales totalled --,--- units over the first four months of the year, according to our calculations based on information from Qatar s Monthly Statistics Book. Breaking down the headline figure, passenger car sales totalled --,--- units, with commercial vehicle sales totalling -,--- units. ...Looking at early sales trends for ----, new vehicle sales totalled --,--- units over the first four months of the year, according to our calculations based on information from Qatar s Monthly Statistics Book. Breaking down the headline figure, passenger car sales totalled --,--- units, with commercial vehicle sales totalling -,--- units. Given this poor start to ----, we have decided to revise down our full-year forecast for Qatari new vehicle sales. ...

  
Source:
Document ID
2044-5768
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Qatar Autos Report" Aug 20, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Qatar-Autos-Report-2026-2235>
  
APA:
Business Monitor International - Industry Reports. (2016). Qatar Autos Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Qatar-Autos-Report-2026-2235>
  
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