French automaker PSA Peugeot-Citroen (UG.FR) said Tuesday its global vehicle sales rose slightly, bouyed by demand in China, Russia and Latin America but sales were down sharply in Europe.
The car maker said the proportion of sales it achieved outside Europe rose to 38 percent in the first half, compared with 35 percent in the first half of 2010. It confirmed its target of 50 percent of sales outside Europe by 2015.
PSA said worldwide sales of cars and light vehicles rose 0.2 percent in the first half to 1.86 million.
Traditionally strong markets like France where car sales rose by 2% showed only weak growth, or plunged like Spain and Italy, which dropped 25% and 12% respectively. Sales in Germany rose 11%, however.
Also the automaker said it was also affected by supply chain issues resulting from delays in deliveries of electronic components from producers in Japan that were hit by the consequences of the earthquake in March.
In the first half of 2011, Citroën sold 769,000 assembled vehicles and CKD units worldwide (up 0.8 % from the year-earlier period).
China: Market share maintained
The brand’s market share held steady at 2% thanks to an 6.3 % increase in deliveries. This performance reflects the market success of the most recent launches (Citroën C-Quatre and C5) and the extension of the dealership network, which now totals more than 300 outlets. Of these 27 were opened during the first half.
Russia: Sales multiplied by two
In a market up 56.8 %, the brand achieved around 100% increase in unit sales. Market share widened by 0.2 point to 1%, with 12,100 deliveries. Growth was led by Citroën DS3, C3, C5,C3 Picasso and C-CROSSER.