Europe: French October sales slide almost 4% image

According to the country’s CCFA industry association report released yesterday, France’s new-car deliveries dropped last month amid rising consumer concerns over the short-term prospects of the country’s economic situation.

The CCFA announced in a statement that registrations dipped 3.8% in October to a total of 160,162 autos. This is – if the months are adjusted for the number of selling days – the first dip in auto sales in the country since February. The European region has been seriously hit by a massive six-year slump in demand following the last great economic recession. France – the euro zone’s second-largest auto market – was the only country in the region to already lag the feeble recovery in demand. The country’s car deliveries for the January to October period have modestly surged just 1.4% and the association spokesman François Roudier says the full-year growth guidance (seeing a 2% rise in demand) could be modified downwards in the following weeks.

The two domestic market leaders, Renault and PSA Peugeot Citroen have increased their combined market share to 56.1% over the first ten months, surging from 53.6% during the same period a year ago. They also fought the declines last month, sliding just 0.4% and 1.5% respectively in October.

Via Reuters