French car sales fall 4% in October 2014 to 160,162 units

Article by Christian A., on November 4, 2014

Car sales in France dropped 4 percent in October to 160,162 units, with consumers delaying or cancelling making large buys due to falling confidence and deflation risk, according to CCFA industry association. The sales drop in October marks the first year-on-year decline since February, after adjusting for the number of selling days each month.

Association spokesman Francois Roudier said that there are indications of weakening economic confidence in France, noting that the country has so far lagged behind Europe's auto market recovery.

According to CCFA, car sales in France jumped just 1 percent in the first 10 months of the year are up just 1 percent, with Roudier saying that the association will be reviewing its 2 percent full-year growth forecast in the next few weeks.

France has suffered from two straight quarters of zero economic growth, prompting both French companies and consumers to hold back making purchases, which may indicate that Europe may succumb to a deflation.

Local carmakers Renault and PSA/Peugeot-Citroen were able to put up some defense against the decline, after dropping 0.4 and 1.5 percent, respectively in October.

PSA and Renault likewise were able to hike their share of the French auto market in the first 10 months of 2014 to 56.1 percent from 53.6 percent in the same period last year, as boosted by strong sales for new models like the Peugeot 308 compact and Renault Captur small SUV.

Other major carmakers were not so fortunate in France. For instance, Volkswagen Group posted a 5-percent drop in French registrations. American carmakers Ford and General Motors logged 7-percent and 22-percent fall in sales in October, respectively.

Topics: france, sales

If you liked the article, share on:

Comments

Recommended

Aside from the officially confirmed BMW 8 Series, the next generation BMW M5 (F90) is getting a lot of attention from the fans, enthusiasts and even potential customers around the...
by - May 27, 2017
Automobili Lamborghini’s preparations for the production of its first ever sports utility vehicle, the new Lamborghini Urus, has reached new grounds as the Italian carmaker is disclosing plans to construct...
by - May 26, 2017
The upscale version of the GMC Yukon body-on-frame sport utility vehicle – the GMC Yukon Denali – has been refreshed for the 2018 model year. It now sports a new...
by - May 26, 2017
The largest gathering of Volkswagen and Audi cars in Europe is underway, and the German premium carmaker is displaying the third model of its G-Tron range at the 2017 Worthersee...
by - May 26, 2017
Have you been wondering how much you have to produce to acquire a 2018 Mercedes-Benz S-Class Facelift? Wonder no more, as Mercedes-Benz has already divulged the pricing – at least...
by - May 26, 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