France Auto Sales Down 16.4% in March image

Auto sales in France have dropped 16.4% in March to 165, 244 units and 14.7% to 433, 297 units for the first quarter.

According to CCFA, France’s main auto industry body, auto sales in the country are expected to fall 5% this year and an improvement is to bee seen only in the second half. Analysts forecast that this year 1.64 million vehicles will be sold in France, a decrease from 1.89 million units sold in 2012. A reason for the decline seen in March is the smaller number of working days compared with March 2012. The adjusted data for these calendar effects shows that car registrations in France have fallen 12.5% in March and 12.0% for the first quarter.

Last month PSA Peugeot Citroen has seen its sales fall 23.6% to 45,494 units in its home market, with Peugeot down 19.3% to 25,920 units and Citroen down 28.6% to 19,574 units, according to CCFA. Renault’s sales also fell 8.3% to 39,416 vehicles, helped by a big increase for the Dacia low-cost vehicles. Dacia’s sales last month increased 29.3% to 6,752 units, while Renault fell 13.5% to 32,664 units. VW’s sales in France dropped 19% in March to 21,904 units, while Hyundai increased 8.6% to 6,367 units due to increased demand for the Hyundai vehicles.