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

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
The Lotus Evora Sport 410 astonished the world after arriving as the more powerful and lighter edition of the already impressive Evora 400. Now, Lotus Cars is throwing in another...
by - July 22, 2017
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
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