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

The Europe-bound WRC hatch developed by Toyota and Gazoo Racing team will be limited to just 400 examples as reported by AutoCar this week. Otherwise known as Gazoo Racing Masters...
by - July 21, 2017
Even cops get excited when they’re assigned to drive the best cars in the market. In Austria, police officers drive around in a Porsche 911 Carrera while in Milan, authorities...
by - July 21, 2017
Subaru has already announced that the all new Impreza will be out by fall this year. The 2018 model year not only gets a number of new upgrades, but it...
by - July 21, 2017
Do you ever wonder what challenges automakers have in selling limited edition cars? It’s different for each company but it can get stressful if the demand is high instead of...
by - July 21, 2017
Alpine is said to be developing an SUV which is believed to be the Porsche Macan’s closest rival. According to AutoExpress, the newly revived performance brand has been looking to...
by - July 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