Car sales in France dropped 8.3 percent in May 2011

Article by Christian A., 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.

If you liked the article, share on:

Topics: france, sales

Comments

Recommended

Earlier in November at the 2017 SEMA Show in Vegas is when Hennessey unwrapped the Venom F5 to all of us. But it was actually first introduced as a concept...
by - November 22, 2017
Mercedes-Benz just made an announcement that the 2018 E Class Cabriolet has finally landed in the United States. If you had not known, the E Class will be positioned in...
by - November 22, 2017
After a somewhat successful fray into the automotive market in China, the resurrected German automobile brand Borgward is finally heading to Europe, bringing along with it the Borgward BX7 sports...
by - November 22, 2017
Automotive industry veteran Bob Lutz has once again spoken out against Tesla. Known as one of Tesla Motors’ greatest skeptics, Lutz had stated two years ago that the Silicon Valley...
by - November 22, 2017
Dubai is one of the few countries where expensive cars are the norm, many of which are specially modified as well. And this just in: Bentley has debuted the new...
by - November 21, 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