Sales of new cars fell in France and Spain last month reflecting the end to a bonus scheme that had encouraged consumers to trade in their old vehicles for new models.
Go deeper with GlobalData
Sales fell for the seventh month in a row in France, dropping 10.8% compared with the performance in November 2009, the French Auto Makers’ Committee (CCFA) told AFP.
In Spain manufacturers’ association Anfac reported a 25.5% plunge in annual sales in November, the fifth monthly decline in a row.
French sales came to 193,970 vehicles last month, a sharp drop from the booming market of late 2009, just before the expiration of a cash-for-clunkers bonus, but were a third higher than in November 2008, the CCFA said.
“We are seeing the effects the end of the cash-for-clunkers scheme and the ecoology bonus, as well as substantial discounts offered by manufacturers,” said CCFA spokesman Francois Roudier.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFrench new car sales fell 2.4% to 2.023m vehicles in the first 11 months of the year.
Sales fell 11.5% at PSA Peugeot Citroen and 10.6% at rival Renault.
Spanish sales came to 64,515 vehicles in November, down 25.5% from a year earlier.
But sales rose 5.9% in the first 11 months thanks to a cash bonus for customers that ended in June.
