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

BMW has given the 2018 1-Series a facelift, and they have just released a ton of new photos and a couple of videos to show us what it’s got. Nevertheless,...
by - July 24, 2017
When Chevrolet came out with the 2018 Equinox last September, the facelifted model was offered in a diesel option for the first time, plus it weighed much less at 400...
by - July 23, 2017
If you are a huge fan of the hardcore GTS version, you probably know that the closest you could get to that model is the upgraded model of the M4...
by - July 23, 2017
Audi’s intention to bring out the Renn Sport Racing version of the Q5 was made clear when it unveiled the Audi SQ5 at the 2017 Detroit Motor Show early this...
by - July 22, 2017
Kia’s Sorento midsize sports utility vehicle is reaching its mid-cycle for the 2018 model year. Thus, its fans, enthusiasts and satisfied customers are expecting the Sorento to receive an update...
by - July 22, 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