Belux car sales in October down 5.5%

According to the data from the federal government service Mobility and Transport and the sector federation Febiac, car registrations in October 2024 were 5.5% less than last year.

36,447 cars were registered. Added to the total for the first nine months, 393,015 units were sold in 2024, or 4.9% less. Three-fifths (60.9%) of the market are company cars or equivalent (-13.6%), and two-fifths (39.1%) are bought by individual buyers (+13.3%).

Light commercial vehicles (LCVs) declined by 3.7% in October and by 4.6% for the whole of 2024. Trucks under 16 tons were booming (+70.3%) in October (+19.5% overall), and heavier trucks (16 tons and more) receded slightly (-2.9%) or -9.8% overall.

The motorized two-wheeler market continues to flourish. In October, a growth of 16.7% was noted, resulting in a 3.7% increase for the first ten months of this year compared to the results in 2023.

By make

Once more, BMW leads the dance, augmenting its registrations by 27.4% in October and achieving a 14.3% market share. Volkswagen (+2.7%) comes far behind as second (9.2% market share), and Mercedes (-10.8% in registrations) is third with 7.4% market share.

Audi occupies fourth place, but the VW daughter had to give in on registrations (-31.6%) and market share (6.7%). Peugeot managed to be back in the top five, with registrations growing by 6.9% in October and a market share of 6.3%.

At place six, we see Renault (+5.4%, 5.9% market share), followed by Skoda (+16.9%, 5.6%), Renault daughter Dacia (+28.3%, 5.5%), Volvo (+4%, 4.8%), and finally Toyota at the tenth place (-1.1%, 4.6%).

Other noticeable risers are Tesla (11th, +24.4% in registrations), Opel (13th, +37.2%), Porsche (17th, +40.4%), BYD (22nd, +326.6%), Lexus (28th, +25.8%) and Smart (35th, +138.1%).

There are a large number of noticeable descenders, too: Nissan (15th, -21.2%), Hyundai (16th, -49.6%), Citroën (18th, -60.6%), Mini (19th, -39.6%), Suzuki (21st, -27.0%), Seat (23rd, -35.8%), Cupra (24th, -61.9%), Jeep (25th, -24.1%), Fiat (27th, -63.9%), Mazda (29th, -77.5%), MG (30th, -59.9%), DS (32nd, -39.9%), Alfa Romeo (34th, -45.4%), and Lotus (36th, -27.3%).

Concerning the Chinese brands, Polestar is steady (26th, +0.5%) but is overtaken by BYD, and MG is seriously regressing. Other Chinese brands are slowly entering the market. However, absolute figures are still shallow: Smart sold 50 cars in October, KG Mobility 76, Xpeng 38, Leapmotor 31, Forthing 19, DFSK 9, BAIC 8, Maxus 6, and Omoda 2. Lynk&Co is practically disappearing from the Belux market: 1 car sold in October.

Stellantis is still doing poorly. Apart from Peugeot and Maserati, all other brands are regressing seriously. Fiat and Citroën set the tone with more than 60% decreases in registrations. Lancia is the newcomer in the group, selling 23 electric Ypsilons last month.

Cumulative

In the first ten months of this year, BMW stayed on top with 11.4% of the market (+1.1% market share), followed by Volkswagen (9.4% market share, -0.1%), Audi (7.5%, +0.3%), Mercedes (7.2%, -0.2%), and Volvo (5.6%, +1.2%).

Toyota took sixth place (5.4%, +0.5%), followed by Dacia (5.1%, +0.8%), Renault (5.0%, -0.3%), Peugeot (4.7%, -1.7%), and Tesla (4.6%, +1.4%). There is one noticeable climb in market share, BYD (from 0.1 to 0.5), followed by Smart (from almost nothing to 0.2%).

There are more noticeable losers: Citroën (3.5% to 2.7%), Ford (3.6 to 2.7%), Opel (3.3% to 2.2%), Mini (1.7% to 1.3%), Fiat (1.3% to 0.8%), Cupra (1% to 0.7%), DS (0.6% to 0.3%), Alfa Romeo (from 0.4% to 0.2%, and Jaguar (from 0.2 to 0.1%).