Car registrations in France declined 12 percent year-on-year to 143,366 in February 2013, according to the CCFA industry association. American carmaker Ford Motor Co. suffered the most among major manufacturers, posting a 33-percent drop in sales to 9,309. Local producer PSA/Peugeot-Citroen saw its sales dive 15.5 percent to 41,033, while Renault logged over 11-percent decline to 35,156 with Renault brand dropping 19.5 percent.
Dacia, however, managed to salvage a 37-percent surge in sales for February 2013. German carmaker Volkswagen Group posted a 7.5-percent year-on-year drop in February sales to 20,089 units, allowing it to increase its market share in France for the first two months of 2013 to 14.1 percent. The group’s VW, Audi, Skoda and Audi brands all suffered a dive in sales.
South Korean carmakers Hyundai-Kia grabbed a 5-percent jump in sales in February 2013 to 5,373 units. Individually, Hyundai posted a 24-percent hike in sales while Kia logged a 10-percent drop in sales for the month. The decline in sales in February 2013 reflected fewer sales days than in February 2012.
Adjusted figures would see a 7.7-percent drop in car registrations for February 2013, down from the published 12 percent. The CCFA slashed its market forecast for full year 2013, saying that registrations would shrink by 5 percent at best, compared with a "stable" outlook given at the start of the year.