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:

Comments

Recommended

A lot of people have been questioning BMW’s design direction lately, albeit the beautiful Z4 concept and the alluring 8 Series concept are excluded from this narrative. This began after...
by - September 20, 2017
We first saw the Galibier Concept eight years ago when Bugatti unveiled it. But today, it seems like they still have not given up on the development of an ultra-luxury...
by - September 20, 2017
With all the hype surrounding the Dodge Challenger SRT Demon, it seems that it will be one of the most successful vehicles from the automaker even before it hits the...
by - September 20, 2017
McLaren Special Operations’ (MSO) latest project pays tribute to the racing homologation car from 1997 - that is the F1 XP GT “Longtail”. Today, they have styled six new McLaren...
by - September 20, 2017
Alfa Romeo’s much anticipated launch of a new larger sedan has been put off by at least three more years as reported by Automotive News. What was supposed to arrive...
by - September 20, 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