French car sales decline 3 percent in August 2014 to 83,340 registrations

Article by Christian A., on September 3, 2014

Car sales in France dropped 3 percent in August 2014 to 83,340 registrations, according to the country's CCFA industry body. Leading the decline is local carmaker Renault, which dropped 11 percent in August that is regarded as a seasonally weak vacation month.

Local rival PSA/Peugeot-Citroen posted a sales drop similar to that of the French market. However, when adjusted for the loss of one selling day compared with August 2013, car sales last month actually surged 2 percent, according to the CCFA.

Registrations for the first eight months of 2014 were up 2 percent, the CCFA disclosed. While Europe as a whole is slowly recovering from a recent crisis that saw car sales drop to lowest levels, France failed to keep up. In fact, car sales in Europe surged 6 percent in the first half of 2014.

Figures for July and August are still unavailable until September 17. Flavien Neuvy, head of auto-market forecasting at Cetelem, remarked that consumers are holding back before replacing their cars. He noted that the “morose economic context” will continue to weigh.

He quipped that while August results are not representative of the full year sales situation, the market is still 20 percent below pre-crisis levels. While local carmakers struggle, neighboring groups grow. For instance, Volkswagen Group grew 11 percent in August, while its Skoda brand jumped 25 percent.

Topics: france, sales

If you liked the article, share on:

Pin It

Comments

Recommended

Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 2017
Lamborghini has officially offered clear proof that the Huracán Performante was able to set a new record at the Nürburgring Nordschleife with a time of 6:52.01 It was in early...
by - March 25, 2017
Top Gear has revealed that for its “Stars in a Reasonably Fast Car” segment, it will now be using a slightly enhanced Toyota GT86, which in the U.S. market is...
by - March 24, 2017
Porsche is laying aside any plans of pushing another hybrid hypercar into their line-up -- at least not at this time. Oliver Blume, Porsche Global Chief confirmed in a recent...
by - March 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries