A balancing station for positioning and holding a vehicle wheel for the attachment of a balance weight has a clamping device which has at least two mutually opposing jaws designed for pressing against the wheel periphery, the jaws being rotatably mounted around a common clamping axis. At least one jaw is rotatable and movable to and fro in the direction of the clamping axis via a drive. Via a conveyor device the vehicle wheel can be conveyed prone between the jaws of the clamping device. The clamping device can be moved into a tilted position wherein the clamping axis is inclined at an angle of at least 30 degrees from the horizontal out of a basic position wherein the clamping axis of the jaws is aligned substantially horizontally. In this way, weights can be applied particularly ergonomically to the inner face of the wheel.