- Belgian automotive production has lost half its volume in nine years, from 900 000 vehicles in 2005 to 440 000 in 2014. The reason for the decline was due to two main factors: first, the decline in the European market of nearly 25% between 2007 and 2013 which consequently affected Belgian production, like most of the producing countries in Europe. On the other hand, the transfer of production from local plants to other foreign plants, which resulted in two plant closures in recent years, the GM plant of Antwerp late 2010 and the Ford plant of Genk late 2014.

- Belgian production is expected to end the year at -9% in 2014 compared to 2013 In 2015, Belgian production is expected to reach nearly 410 000 units (-7% compared to 2014). Five different models will be manufactured at two plants (against seven in 2014): the Audi A1 and Q1 in Brussels and the Volvo XC60, S60 and V40 in Ghent. In 2015, only two carmakers will remain in Belgium: Audi in the Forest plant (Brussels) and Volvo in Ghent. They currently have no intention of leaving Belgium because these manufacturers use all their capacity and therefore do not suffer from overcapacity, unlike most mainstream manufacturers in Europe who underuse their plants.

- Audi and Volvo are indeed Premium manufacturers, a market segment that is growing around the world, while the number of premium brands hasn't increased accordingly, which is boosting the sales volume of both carmakers.

Contact us: info@inovev.com