In October, vehicle registrations in Belgium fell by 10.52% with respect to October of 2017. In total, 45,594 cars were registered and 649,491 new cars were sold in the last twelve months, 1.02% more than the year before.
The breakdown of car sales figures for the month of October is:
- Commercial vehicles sold: 8,700, 16.68% more than in October of 2017.
- Passenger cars regitrations: 36,894, which represents a figure of 15.19% less than in October of 2017.
Belgium is the 21th-placed country in ranking of 137 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Belgians residents, when compared to the other countries in the ranking, is the number of vehicles sold or registered per thousand residents in the last year. With annual sales of 56.98 cars per 1,000 residents, 4 of them in the last month, Belgium, occupies third place, so, compared to the other countries in the ranking, its population has a good standard of living.
As can be seen, the number of registrations per thousand residents has fallen in the last year. A drop in registrations generally indicates a fall in consumer confidence and, when it is sustained, a recession in the real economy.
Changes in Belgian vehicle registration numbers are shown in the tables below. As several studies indicate, these changes are very much related to changes in GDP and, hence, to a country's economic situation. Sales have grown since 2008, as 625,927 were produced that year although there has been a drop in the number of registrations per thousand residents, which that year numbered 58.68.
Here we show you the progression of vehicle registrations in Belgium. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Belgium in en Belgian economy.