In Belgium, the rate of decline in car registrations has shown an encouraging improvement from January to February 2025. According to the latest data updated on March 4, 2025, car registrations in February registered a decline of -8.10% compared to the same month the previous year. This figure marks a significant amelioration from January's steeper decline of -13.00% year-over-year.
The data reflects a positive turnaround for the Belgian automotive market, suggesting potential consumer confidence recovery and stabilization in car registration numbers. Despite remaining in negative territory, the reduction in the rate of decline might indicate that measures to stimulate the sector are starting to take effect, or that consumer behavior is slowly returning to pre-decline patterns.
Industry analysts are cautiously optimistic, noting that while the numbers remain negative, the minimized decline rate in February could be a promising sign for the months ahead. It remains to be seen whether this trend will continue as the year progresses, but the February data provides a glimmer of hope for stakeholders in Belgium's automotive market.
