In May, vehicle registrations in Belgium fell by 5.41% with respect to May of 2018. In total, 59,892 cars were registered and 626,812 new cars were sold in the last twelve months, 2.68% less than the year before.
The breakdown of car sales figures for the month of May is:
- Commercial vehicles sold: 8,811, 5.91% more than in May of 2018.
- Passenger cars regitrations: 51,081, which represents a figure of 7.12% less than in May of 2018.
Belgium is the 22th-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 54.72 cars per 1,000 residents, 5.23 of them in the last month, Belgium, occupies second 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 2009, as 558,315 were produced that year as have the number of registrations per thousand residents, which that year numbered 51.92.
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.