New car sales in France rise 5.8% in April 2014

Article by Christian A., on May 3, 2014

New car sales France surged 5.8 percent in April to 166,968 cars, led by new Renault vehicles. The April surge helped French car sales to rise 3.7 percent in the first four months of 2014, according to industry association CCFA. The growth in the French auto market comes as the bigger European market slowly recovers from a six-year decline, although excessive capacity still goes hard against earnings outlook of carmakers.

The growth logged in France in April indicates brighter prospect for the country, which had been behind its counterpart markets in terms of sales. CCFA spokesman Francois Roudier said sales growth in April was mainly thanks to corporate buyers, as consumer sales were down a little.

He noted that consumer spending is still "marked by great caution." Citi analyst Philip Watkins said that the surge in French car registrations uptick was achieved despite April's Easter holiday, adding that Renault "significantly outperformed" the French auto market in the month.

Renault posted an 18.4-percent growth in sales in April, boosted by a 45.6 percent gain at its no-frills Dacia brand. Stronger demand for low-cost cars among cost-averse consumers clearly helped Renault grow in the month.

Local rival PSA/Peugeot-Citroen only saw its sales hike 5.1 percent, as it doesn’t offer a budget vehicle brand unlike Renault. Volkswagen, on the other hand, posted a 1.3-percent rise in April registrations.

Topics: france, sales

If you liked the article, share on:

Pin It

Comments

Recommended

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
Since 1993, Lexus has produced 4 generations of the Lexus GS, with the GS F amongst its newest member of the family. Unfortunately, rumors are also heating up that the...
by - March 24, 2017
In a leaked image following a presentation held in China, we learned that Czech automobile manufacturer Skoda will soon unveil 2 more new SUVs in China, resulting in a four-model...
by - March 24, 2017
McLaren is said to be designing the next generation of Sports Series, which could include a V6 hybrid among its powertrain options. It was earlier reported that the British automaker...
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