Showing how analyst and executives fears come to fruition, after last month the biggest single market in Europe – Germany – dipped its auto sales, France, another important western European market barely managed a positive result.
According to a statement coming from the Paris-based CCFA industry association, French new car deliveries saw a minor 0.1% increase over the same period of last year – with sales led by local automaker Renault.
The European region has been heralded by auto executives, analysts and observers as finally inching out of the almost six years slump in demand, but after since last years many months brought sustained deliveries across many markets, this year important countries show signs of weakness.
The CCFA added that total registrations climbed to 148,573 cars in May, from the 2013 tally of 148,490. The association added that if the positive trend continues to manifest, it could revise its 1% growth prediction for the overall performance of the French car market in 2014.
Renault led the local sales growth, with a 9% rise for the namesake brand, while its affordable Dacia brand also went up 10.8% during the period. Local rivals PSA Peugeot Citroen, which posted an increase of 3.9%, followed them, while Europe’s No.1 automaker – VW AG – had a 0.9 % gain.