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.

Topics: france, sales

If you liked the article, share on:

Comments

Recommended

What can we expect from Mercedes-Benz for this year and the next? It seems all matters have been laid out with luxury carmaker’s vehicle lineup for 2017 and 2018. As...
by - September 19, 2017
It was in February when Ford revealed the new Fiesta ST, just before it made its official debut at the 2017 Geneva Motor Show in March. But it is not...
by - September 19, 2017
If you search for the word "grille" on the dictionary, what you will get is a definition that says "a grating forming a screen or barrier, or an ornamental one...
by - September 19, 2017
We recently heard that Italian automakers, Ferrari and Lamborghini, are not so keen on building an all-electric sports car just yet. On the contrary, Bentley has just confirmed that there...
by - September 17, 2017
Back in 2013, Nissan introduced the IDx Concept at the Tokyo Motor Show. When the audience first saw this, a lot of people got excited to see a lightweight sports...
by - September 17, 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