Passenger car market up more than 25% in August

2023-09-04 12:05:50

The passenger car market recorded a month of August above the average for results since 2010, with 36,798 registrations of new cars (compared to 35,854 during the period 2010-2023), the Belgian Automobile & Motor Federation reported on Monday. Cycle (Febiac) and FPS Mobility. Compared to August 2022, it recorded an increase of 27.2%.

In the first eight months of the year, 335,942 new cars were registered in Belgium, an improvement of 34.1% compared to the results for the 2022 financial year. The 2023 market should exceed the milestone of 460,000 registrations, according to forecasts .

The light utility vehicle market also continued to grow with 5,234 new registrations, +14.2% compared to August 2022 (+23.3% since the start of the year).

August was also a positive month for heavy-duty vehicle markets, with a monthly increase of 215.2% for under 16 tonnes and 114.3% for over 16 tonnes.

For motorized two-wheelers, the market contracted by 5.2%, with 2,149 new registrations in August. However, it remains up (+2.7%) over the first eight months.



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