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French car sales fall behind in July

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French car sales fall behind in July

Renault and Peugeot lose in sales as this July the French car purchases drop 4.3% due to a decrease in demand. The statement was made by the industry body of the country’s CCFA (Committee of French Automobiles Constructors) and it was justified by the economic situation in France.

In 2013 the French vehicle manufacturer Renault S.A. reported sales of 150.218 cars, while this year, by July only 143.777 cars were sold and registered. The Paris-based group added though that they forecast a 2-3% market growth for the year.

Spokesman for CCFA, Francois Roudier, stated that “We’ve always said it’s best to remain prudent about the market, and June orders were not strong. There are still concerns weighing on consumers and companies that do not favor new vehicle purchases – but we are still on track for our full-year forecast.”

The Renault car sales fell 6.3% in July but stayed 12.3% higher for the first five months of the year. The sales of PSA Peugeot Citroen car fell 3.1% last month but they were up 3.6% for the rest of the year. Overall, the French light vehicle registrations grew 1.7% for the first 5 months of 2014, with cars 1.9% higher and delivery vans up 0.4%.
By Gabriela Florea

by Cristian Gnaticov (my Google+) - Monday, August 4th, 2014 - filed under Industry, News, Sales Reports. Image credit: .
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