In December 2024, Belgium saw a notable improvement in its car registration metrics despite a year-over-year decline. According to the most recent data updated on January 8, 2025, car registrations in Belgium fell by 8.90% compared to the same month in the previous year. This marks a significant improvement compared to November 2024, when car registrations had plummeted by 15.20% year-over-year.
The December figures suggest that while the Belgian car market continues to face challenges, the intensity of the decline is easing. This reduced rate of decrease gives some hope to industry stakeholders that better days might be on the horizon as they progress into the new year.
Analysts will keep a close eye on future developments to assess whether the positive momentum can be sustained, potentially indicating an emerging recovery in the country's automotive sector. As Belgium moves into 2025, market participants remain cautiously optimistic that continued improvements will drive renewed stability and growth in the automotive sector.
