Belgian car market grows further

According to the data of the car and two-wheeler federation, Febiac, the new car market in Belgium and Luxembourg rose again by 26,6% in October compared to the year before. The cumulative result is 413 308 new cars for the first ten months (+32,5%); the expectation is to land at around 475 000 new registrations for 2023.

The same tendency is true for light commercial vehicles (LCV). They sold 28,5% more than one year ago in October and saw a cumulative plus of 23,5% for the first ten months. Heavier transport vehicles saw a mixed month in October (+3,4% under 16 tons, -7% over 16 tons), but the cumulative tendency stays largely positive with +31,2% and +25,4%, respectively.

Two-wheelers, finally, had a sales rise of +24,9% in October, resulting in a cumulative progress of 5% for the first ten months.

By brand

Although Audi was the biggest grower in the top five in October, realizing +57,3% in sales, BMW stayed at the number one position with 25,7% more sales than in October 2022. The third position is for Volkswagen (+16,1%, closely followed by Mercedes (+31,3%).

Peugeot stays in the top five but falls back (-13,7%) and feels the breath of Renault (+41,5%) in its neck. Seventh is Skoda, which sold 49,6% more, followed by Toyota (+4,5%). Also, a good performance from Volvo (+47,2%), which took the ninth place just before Dacia (10th, +23,3%).

Searching for other (big) winners, we can’t ignore Tesla, of course (15th, +541,8% compared to October last year), but there are also good results for Nissan (17th, +69,9%), Mazda (18th, +80,6%), and the inevitable Cupra (19th, before Seat!, 291,2%).

Other remarkable risers are Porsche (24th, +122,5%), Land Rover (25th, +91,5%), MG (26th, +465%!), Jeep (27th, +401,7%), Honda (30th, +83,5%), and Lexus (31st, +122,22%).

There are some other remarkable growers but in the low absolute figures. Lotus sold 66 cars in October 2023 instead of… 3 in 2022 (+2 100%), BYD sold 64 instead of 6 (+966,7%), and Smart sold 21 cars instead of 4 (+425%). Ferrari also more than doubled its sales (13 instead of 6), and Alpine quadrupled its sales (from 3 to 12).

Despite the rising market, there were some losers, too. We already mentioned Peugeot, but there also was Opel (16th, -31,5%), Fiat (21st, -29,2%), and DS (29th, -21,1%). As Citroën didn’t do well either (12th, -1,6%), October was not a good month for Stellantis, despite Jeep and Alfa Romeo (32nd, +25,3%).

After ten months

Looking briefly at the cumulative results, we see BMW staying easily on top of the market for the first ten months, selling 32,5% more cars and having a market share of 10,3%. Volkswagen is second with a 9,5% share, followed by Mercedes (7,4%), Audi (7,2%), and Peugeot (6,4%).

Here also, Renault is coming closer with 5,3%, followed by Toyota (4,9%), Volvo (4,4%), Dacia (4,3%) and Kia (4%). The usual suspects perform remarkable results, Tesla raising its market share from 1 to 3,2% (15th place), Cupra (from 0,4% to 1%, 23rd), and MG (from 0,2% to O,7%, 25th). In the high-end sports and luxury market, Lotus confirmed its latest success, selling 143 cars in ten months instead of 20 last year.


Ready to join the conversation?

You must be an active subscriber to leave a comment.

Subscribe Today

You Might Also Like

%d bloggers like this: