France - Car market completes 16 months of growth
Sales growth for passenger cars in France is very steady at the moment having averaged 12.4% over the closing three months of 1998 and having hit 13.3% for each of the opening months of 1999. Sales in February were 157,739 from 139,235, and that took the annualised selling rate to 1.98 million and rising. If the current momentum could be maintained then 1999 would see something like 2.16 million cars sold, but the WAIT forecast is 2.08 million and we still feel that is the most likely outcome.
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