Employment in the sale of motor vehicles sector in Belgium stood at 32.57 thousand (FTE) in 2023. Historical data indicates that the sector experienced fluctuations, with a significant drop in 2020 (-16.99%) due to external disruptions, likely from the COVID-19 pandemic. However, it rebounded in subsequent years, with positive growth (14.48% in 2021 and 5.28% in 2022). Despite a minimal increase of 0.015% in 2023, the Compound Annual Growth Rate (CAGR) over the past five years indicated an average decline of 0.34% per year. The forecast from 2024 to 2028 predicts a stable outlook with minimal CAGR increase of 0.02%.

Future Trends to Watch For:

Impact of emerging technologies on vehicle sales and customer interactions.
Policy changes related to environmental regulations and their effects on the automotive sector.
Shifts in consumer preferences towards electric and hybrid vehicles.
Economic factors and their influence on disposable income and vehicle purchases.