PSA Pegeot Citroen has reported consolidated sales and revenue for the first three months of 2007 of EUR14,874m, a 6.5% increase on the same period last year.


Automobile Division sales and revenue rose 5.6% to EUR1,595m.


The company said that in Western Europe, first-quarter unit sales (as measured by vehicles invoiced to dealers) rose by 1.6% to 596,300 units. In a market where demand for passenger cars and light commercial vehicles declined by 1.0%, Peugeot and Citroën’s aggregate market share stood at 14.3%, compared with 14.4% in first-quarter 2006.


Outside Western Europe, sales of assembled vehicles were up 6.4% to 195,800 units.


In Central and Eastern Europe, sales climbed by 20.8% to 48,900 units, driving an improvement in market share.


In Latin America, sales declined by 2.8% to 24,500 units in Brazil, for a market share of 5.2%, while 18,800 units were sold in Argentina, for a 15.1% share of a market up 22.0%.


Sales in China increased 20.1% to 52,500 units, while market share stood at 4.2%, supported by a 36.8% surge in Peugeot sales.


Sales of CKD units fell a sharp 33.3% to 34,000, reflecting the decline in CKD sales in Iran.


At 119,800 units, sales of the Peugeot 207 were in line with objectives and drove a 19.7% increase in combined Peugeot 206 and 207 sales. Following the launch of the Grand C4 Picasso in October 2006 and the marketing of the C4 Picasso since last March, sales of the Xsara Picasso and C4 Picasso lines stood at 74,600 units, up 52.2% for the quarter.


Faurecia reported first-quarter sales of EUR3,243n versus EUR2,908m in the year-earlier period, an increase of 11.5% as reported and of 10.7% excluding monolith sales, the currency effect and changes in scope of consolidation. Growth, which is expected to slow in the second quarter, reflected the ramp-up of new contracts won in North America, where competition remains aggressive, PSA said.


PSA has also said that is hoping to axe 4,800 jobs in France this year as part of a cost-cutting drive.