• France's news in English

French auto industry hit by plunge in sales

AFP/The Local · 1 Jul 2013, 11:07

Published: 01 Jul 2013 11:07 GMT+02:00

Facebook Twitter Google+ reddit

The market for new cars in France plunged by 11.3 percent in the first six months of the year, hitting the struggling Peugeot group particularly hard, trade data showed on Monday.

But French auto manufacturers grouped in the CCFA trade body said they expected sales to improve by the end of the year to show an annual fall of 8.0 percent.

The president of the CCFA, Patrick Blain, told a press conference: "We think that we are approaching the bottom."

He said: "Our indicators lead us to confirm this forecast of a fall of 8.0 percent (for the year)."

Orders placed in June had steadied, he said.

However, the slump of the market for cars sold continued in June, when sales overall fell by 9.0 percent on a 12-month comparison, unadjusted for seasonal factors.

In June, French and foreign  manufacturers sold a total of 190,199 cars.

Sales by French group PSA Peugeot Citroen fell by 9.5 percent in the month and by rival French group Renault/Dacia by 3.6 percent.

Sales by German giant Volkswagen and by BMW, General Motors of the United States, Nissan which is a subsidiary of Renault, and by South Korean firm Hyundai fell by more than 10 percent in the month.

In the first half of the year the overall French market shrank by 11.3 percent to 930,320 vehicles with French manufacturers doing worse than foreign brands.

Story continues below…

Sales by PSA Peugeot Citroen were particularly hit, falling 14.3 percent.

PSA is undergoing deep restructuring and last week was the subject of a report, later denied, that it might fall under the control of its partner General Motors.

Sales by Renault fell by 8.1 percent in the six months.

AFP/The Local (ben.mcpartland@thelocal.com)

Facebook Twitter Google+ reddit

Your comments about this article

Today's headlines
How life for expats in France has changed over the years
A market in Eymet, southwestern France. Photo: AFP

Foreigners in France explain how life has changed over the years.

London calling for Calais youths, but only a chosen few
Photo: AFP

Dozens of Calais minors are still hanging their hopes on help from the UK, but not all will be so lucky.

17 different ways to talk about sex in French
Photo: Helga Weber/Flickr

Fancy a quick run with the one-legged man?

Yikes! This is what a rat-infested French jail looks like
Photo: YouTube/France Bleu TV.

This video is not for sufferers of ratophobia (or musophobia as the condition is officially called).

France to allow Baby Jesus in Town Halls this Christmas
Photo: AFP

Mary, Joseph, and baby Jesus are safe to go on display again this year, it seems.

National Front posts locations of migrants in French town
The National Front courts controversy. Photo: AFP

"Local tax payers have a right to know," says local far-right party chief.

Paris thieves use tear gas to steal €500,000 of watches
Photo: AFP

The thieves pretended to be couriers then threatened staff with tear gas to get the watches.

Bataclan survivor recounts attack in chilling drawings
Photo: BFMTV screengrab

One survivor has recounted the horrific night through illustrations.

Anger among French police grows as Hollande vows talks
French police demonstrate on the Champs Elysées. Photo: AFP

A fourth night of protests shows government efforts to ease anger among French police have been fruitless.

UK border must move back, says 'next French president'
Photo: AFP

If favourite Alain Juppé is elected, Britain and France are in for some difficult negotiations.

Sponsored Article
How to vote absentee from abroad in the US elections
Why Toulouse is THE place to be in France right now
Sponsored Article
Last chance to vote absentee in the US elections
Video: New homage to Paris shows the 'real side' of city
The 'most dangerous' animals you can find in France
Sponsored Article
How to vote absentee from abroad in the US elections
Swap London fogs for Paris frogs: France woos the Brits
Anger after presenter kisses woman's breasts on live TV
Is France finally set for a cold winter this year?
IN PICS: The story of the 'ghost Metro stations' of Paris
How to make France's 'most-loved' dish: Magret de Canard
Welcome to the flipside: 'I'm not living the dream in France'
Do the French really still eat frogs' legs?
French 'delicacies' foreigners really find hard to stomach
French are the 'world's most pessimistic' about the future
Why the French should not be gloomy about the future
This is the most useful French lesson you will ever have. How to get angry
Why is there a giant clitoris in a field in southern France?
French pastry wars: Pain au chocolat versus chocolatine
Countdown: The ten dishes the French love the most
Expats or immigrants in France: Is there a difference?
How the French reinvented dozens of English words
The ups and downs of being both French and English
How Brexit vote has changed life for expats in France
Twelve French insults we'd love to have in English
What's on in France: Ten of the best events in October
jobs available