In October, vehicle registrations in Belgium fell by 31.66% with respect to October of 2020. In total, 31,649 cars were registered and 480,588 new cars were sold in the last twelve months, 7.75% less than the year before.
The breakdown of car sales figures for the month of October is:
- Commercial vehicles sold: 6,604, 13.19% less than in October of 2020.
- Passenger cars regitrations: 25,045, which represents a figure of 35.29% less than in October of 2020.
Belgium is the 23th-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 41.59 cars per 1,000 residents, 2.74 of them in the last month, Belgium, occupies 5th 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 declined since 2011, as 626,693 were registered that year, as have the number of registrations per thousand residents, which that year numbered 56.97.
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.