An automatic dispenser for balancing weights including a transport section and a cutting section. The transport section contains a transport roller with a plurality of teeth at its circumferential outer surface generating friction to a belt of balancing weights to transport this belt to the cutting section. Such belt contains a plurality of individual balancing weight segments. The cutting section has an arc shaped belt guide for forming the belt of balancing weights to a curve thus opening at least one gap between neighboring balancing weight segments. The cutting section has a knife movable from a first side of the belt of balancing weights to its second side, to separate the belt of balancing weights at a gap between two individual balancing weight segments.