France Auto Sales Down 2.5% in July-August Period image

During the July-August period, orders for new French vehicles fell 2.5%, as the auto market shows signs of stabilizing at a low demand level.

The sharpest decline among all mass-market brands was in GM’s Opel sales network, with orders down 19%, according to a report published by trade publication AutoK7. In June orders reached positive results for the first time in the past eight months. Orders for Ford vehicles fell 14%, Toyota dropped 13%, Citroen fell 8%, Peugeot was down 7% and Renault slid 1% compared with the same period last year.

The financial crisis and austerity measures in Europe are propelling the auto sales in the region towards the sixth consecutive year of declines in 2013. During the January-August period new vehicle registrations fell 9.8% in France, the third biggest market in the region.

In August, new vehicle sales in France fell 11% to 85,565 units according to CCFA, the leaders of the decline being Peugeot and Ford. Still, France automaker are confident that the automaker will recover during the fourth quarter.

“September and October will be critical,” CCFA spokesman Francois Roudier said. “August is always a thin month, but this year it’s particularly low.”

Source: Yahoo Finance