Car sales in France surged 9 percent in March 2014 to 179,871 cars following growths posted by local carmakers Renault and PSA/Peugeot-Citroen, the CCFA industry association said in a statement. Registrations in March 2013 were at 165,162. CCFA spokesman Francois Roudier remarked that the surge was a modest rebound, but warned that the auto industry in the country should stay cautious since they are still in “crisis mode."
The French auto market is showing indications of a stop-start recovery. Auto sales in the country surged 9 percent in December 2013 but languished in the next two months. French auto sales suffered a 1-percent drop in February, which ended nearly five months of consecutive growths. Renault Group posted a 21-percent rise in local sales in March, boosted a 53-percent jump in volume of its Dacia budget brand.
On the other hand, PSA logged a 14-percent surge in vehicle sales in March, helped by demand for its 2008 subcompact SUV and 308 hatchback. The European auto market is currently on its way to recover from a six-year plummet that fell hard in countries like France, Spain and Italy. Analysts and auto executives are expecting the European auto market to grow this year by a single digit.