Belgium January 2023: Volvo (+42.3%), Mercedes (+40.8%) stand out in strong market (+17.4%)

Volvo scores the largest gain in the Belgian Top 10 in January.

The Belgian new car market soars 17.4% year-on-year in January to 39,847 units. BMW (+24.9%) does even better and cements its leadership, matching its FY2022 share at 10.4%. In 2nd place, Mercedes (+40.8%) is even more impressive at 9% share, one percentage point above its FY2022 level. Volkswagen (+31.8%) completes an over performing podium but falls short of its FY2022 share at 8.2% vs. 8.8%. Leader a year ago, Peugeot (-9.9%) is in difficulty this month but climbs one spot on December to #4. Volvo (+42.3%) scores the largest gain in the Top 10 and lifts to #7 overall vs. #12 over the FY2022. Toyota (+19%) and Skoda (+17.8%) edge past the market growth rate in the remainder of the Top 10 whereas Renault (-25%) sinks and Ford (+11.4%) and Audi (+3%), albeit in positive, trail the market.

Previous post: Belgium 2022: BMW repeats at #1 above Volkswagen in market down -4%

One year ago: Belgium January 2022: Peugeot best-seller in market off -10%

Full January 2023 Top 57 all brands ranking below.