The car registration figures in Belgium for September 2024 present a noticeable slowdown in the decline compared to the previous month. Updated data, released on October 7, 2024, indicates that September saw a year-over-year drop of 18.60% in new car registrations. This marks a slight improvement from August's steeper decline of 20.30%.
While still in the red, the September numbers suggest a deceleration in the downward trend. The year-over-year comparison reveals that, although the automotive sector in Belgium continues to face challenges, the rate at which registrations are falling is decreasing.
The easing in the rate of decline may provide a glimmer of hope for the industry, pointing towards potential stabilization. Market analysts and industry stakeholders will likely be watching the coming months closely to see if this trend of improvement continues.
