November sales: France is still going down image

According to industry association data released today, French auto sales slid by 4.4 % in November in unadjusted terms, with 11-month sales down by 7.1 %.

However both domestic carmakers registered rising sales in November, according to the data of the French Automakers Committee (CCFA). PSA Peugeot Citroen, which announced a change in leadership last week as it is reportedly in the midst of seeking a new investor, saw its sales increase by 2.4 % in November despite there being fewer working days compared to the same month last year.

Renault, which has weathered the slump in European car sales better thanks to a greater international presence, registered a 3.1 % increase in sales.

The CCFA, which reports new car registrations as a proxy for sales, said the sales of foreign cars slumped by 12.4 % in November. The association expects 2013 car sales to be down by 6 % in adjusted terms from 2012. Last year new car registrations were down by 17.5 % from the previous peak in sales in 2009.