Car sales in France dropped 8.3 percent in May 2011

Article by Christian Andrei, on June 1, 2011

Car sales in France dropped 8.3 percent on an adjusted basis in May to 197,784 registrations, according to industry association CCFA on Wednesday. This is the second month in row sales figures that reflect the end of the French government’s scrapping incentive scheme, which ended in December 2010. Consumers who purchased vehicles as part of the scheme could register their units until the end of March 2011.

Previously, Chief Executive Officer Carlos Ghosn at Renault SA told a French newspaper that its company’s sales were affected due to the supply disruptions to some car components manufactured in the areas affected by the Japanese earthquake.

In an interview with Le Parisien, Ghosn said that the company has underestimated the “vigor of the French market” after the scrapping scheme. He added that the company was having difficulties with some of its Japan-based suppliers

Moreover, he stated that the impact will be “limited” to the second quarter. On the other hand, group sales at PSA/Peugeot-Citroen SA increased 12.5 percent last May while the Renault group sales declined 18.2 percent.

On an unadjusted basis, the sales in France increased 6.2 percent in May this year, which have three more working days compared with May 2010. For the first five months, sales increased 4.4 percent in unadjusted terms and 1.5 percent on a like-for-like basis to 1.015 million cars, the association disclosed.

Topics: france, sales

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