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.

If you liked the article, share on:

Topics: france, sales

Comments

Recommended

Before the W177 goes on sale in 2018, Mercedes-Benz had to go back to the drawing board to check on the A Class’ interior. This is because the new model...
by - November 24, 2017
If you see the Aston Martin’s 2018 Vantage, you would think that it is significantly different from most of Aston’s GT lineup. For instance, if the DB11 is a fine...
by - November 24, 2017
Even as Chevrolet is making a huge splash in the industry with the recent launch of the new Corvette ZR1, there may be trouble brewing. Chevrolet has announced huge discounts...
by - November 24, 2017
The 2018 GMC Sierra 2500HD has arrived this week at the snowy mountains in Colorado for its winter long debut. GMC’s tracked Sierra Mountain Concept will be on display at...
by - November 24, 2017
We’re willing to bet that the Bentley Bentayga is not the first thing that comes to mind for most people who are into off-roading and outdoor activities. It just doesn’t...
by - November 23, 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