French car sales rise again image

In October, French car sales grew for the second month in a row, as PSA Peugeot Citroen and Renault have recaptured some lost ground from VW, according to industry figures published today.

Registrations increased 2.6 % to 166,515 units last month, following September’s 3.6 % year-on-year climb, France’s CCFA auto industry association said in a statement. The body also improved its French market forecast, seeing a 6 % decline for 2013 – smaller than the 8 % drop previously expected.

French delivery van registrations also rose 3.7 % last month, the CCFA said, taking the overall surge in light vehicle sales to 2.8 %.

“This is a strong showing by the French carmakers in a positive market,” CCFA spokesman Francois Roudier said.

Peugeot posted a 4.1 % sales rise helped by new model introductions such as the 308 compact and 2008  small SUV. Renault sales were up 5.8 %, buoyed by demand for its similarly sized Captur model.

Volkswagen on the other hand lost ground last month with a 3.6 % French sales drop as Renault, Peugeot and Fiat all took their share of the market rebound. The Italian carmaker’s sales were up 2.5 %. Hyundai and its South Korean affiliate Kia reported a combined 5.8 % jump in French sales, with Japan’s Toyota not far behind at 5.2 %. General Motors sales climbed 9.4 % thanks to a 31 % surge seen by its Chevrolet brand.

Via Reuters