French new car sales reportedly fell 10.1% in July – giving up two consecutive months of higher sales – though underlying sales so far this year showed that one Europe’s worst-hit auto markets was stabilising after nearly a year of steady declines.
Go deeper with GlobalData
New car registrations in July totalled 168,461 units compared with 187,287 a year earlier, French automakers’ association CCFA said in a statement cited by Reuters.
On an underlying basis – assuming the same number of working days in July versus the year-ago-period – sales fell 5.8%, the report noted.
“Certainly July does not confirm the trend of a stabilising market seen in May (+4.8%) and June (+6.3%) but in a market that remains erratic, the month of July weighs less and less heavily,” the CCFA said, according to Reuters.
It reportedly added that car sales were typically less in the summer months compared with other months.
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 GlobalDataFor the first seven months of the year, new car sales slipped 1.6% to 1,236,268 versus a year ago, Reuters said.
According to the news agency, Renault saw sales fall 18.9% in July, while sales at rival PSA Peugeot-Citroen fell 10.4%.
