New-car sales in France skid 2 percent in November 2014

Article by Christian A., on December 4, 2014

New-car sales in France dropped 2 percent in November to 135,070 registrations as consumer confidence in the country continues to drop, according to the CCFA industry association. This marks a second straight month of drop, after new-car sales in October also dipped 4 percent. The growth in new-car sales in France is in contrast with the recovery in auto demand in Europe.

In fact, French car sales for the first 11 months of 2014 surged just 1 percent to 1.63 million vehicles. According to CCFA president Patrick Blain, auto demand in the country would still be weak in 2015, with no reason to expect the vehicle market to pick up next year.

Blain expects full-year sales growth this year to be "in the lower end" of CCFA’s 1-2 percent guidance range. The association recently ditched an earlier 2-percent growth forecast as it seemed unattainable.

With two consecutive quarters of zero economic growth, local companies and consumers are delaying or putting off spending, raising worries that Europe could succumb to another deflationary spiral.

Local carmakers Renault and PSA/Peugeot-Citroen posted sales declines of 5 percent and 9 percent in November, respectively. On the hand, Volkswagen Group saw its registrations in the month jump 3 percent.

Low-cost models remained on demand in November, with Volkswagen Group’s Skoda brand gaining 6 percent in sales while Renault’s Dacia brand growing 2 percent.

US carmakers Ford Motor and General Motors were not so fortunate in France, seeing their sales drop 3 percent and 12 percent, respectively. GM is feeling the effect of its decision to pull out the Chevrolet brand in Europe, and 14-percent leap at Opel failed to offset the fall.

Topics: france, sales

If you liked the article, share on:

Comments

Recommended

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
Two years ago, there was a patent filed by Honda Motors under the name “baby NSX”. It then had a angular sports car design that is clearly mid-engine, and had...
by - July 20, 2017
The long awaited 2018 Buick Regal GS has finally been revealed by the company, following several leaked photos and information in the past few months. The thing is, if you’ve...
by - July 20, 2017
Earlier this month, we learned that France has made moves to ban diesel and gasoline fueled cars by stopping them from entering the city. More than that, they plan to...
by - July 19, 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