PSA Peugeot Citroen expects its share of the western European car market to fall in March.
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“Our market share will be slightly below the January and February average of 15.7 percent and below March 2003,” chairman Jean-Martin Folz told Reuters.
He reportedly said the car market in Western Europe grew slightly in March but this was due partly to more business days in the month this year.
Reuters noted that PSA struggled last year with a dearth of new models and a slack European car market, but is betting new cars will boost sales and profits in the second half of 2004 and has predicted “moderate growth” overall this year.
