BMI View: This quarter, we retain our 2016 forecast for Belgian new vehicle sales of 3.9%, given possible
downside risks to the European economy (and, by extension, regional new vehicle sales) across H216
resulting from the June 23 decision by the UK to leave the Euro ..."
BMI View: Strong domestic demand, bolstered by rising GDP growth, lower oil prices and low inflation,
should mean another year of positive sales growth in 2016. We expect 3.9% growth for the sector as a
whole, with commercial vehicles to outperform passenger cars. ..."
BMI View: An encouraging backdrop of rising domestic demand, bolstered by stronger GDP growth, lower
oil prices and low inflation, should mean another year of sales growth for the Belgian new vehicle segment
in 2016. We forecast 3% growth for the segment as a whole, w ..."
BMI View: We expect an improving business environment to lend support to both passenger car and
commercial vehicle sales in 2016. We are targeting 3% sales growth for the Belgian new vehicle sales
market in 2016.
? Commercial vehicles are outperf ..."
Belgium has historically been a significant production hub for the European market. However, falling car
sales across Europe, coupled with the availability of cheaper production sites in Eastern Europe, mean that
global automakers (such as GM and Ford) have looked to ..."
The passenger car tires market in Belgium is one of the key markets for tire manufacturers due to the presence of established automakers such as Audi and Volvo. Prior to the economic recession and eurozone crisis, the demand from OEMs as well as the replacement sector had been ..."
Looking at early sales trends for 2015, a total of 166,484 vehicles were sold in Belgium over the first
quarter, representing a very slight 0.1% decline year-on-yea (y-o-y). Breaking down the headline figure,
passenger car sales stood at 147,073 units (-1%) for Q115. ..."
Winter tires, also referred to as snow tires, cold weather tires, and thermal tires, improve the road safety for vehicles during winter, and thus play an important role in reducing road accidents. These tires are made of soft rubber compared to the all-season or summer tires, whi ..."
The Belgian new vehicle sales market contracted slightly in 2014, down by 0.5% year-on-year (y-o-y). This
was a slightly better performance than the 1.9% fall predicted by BMI, but still bore out our pessimistic
view on the market.
In 2014, there were a total of ..."
As of end-August 2014, the Belgian new vehicle sales market was down by 0.8% year-on-year (y-o-y), at
395,126 units, according to figures from Febiac (the Belgian motor car and motorcycle association).
Breaking down the headline figure, passenger car sales stood at 351,732 unit ..."