PSA has posted third-quarter Automotive division revenue rising 1.2% to EUR12bn (US$14bn), driven by what the manufacturer says is a recurring strong product mix and pricing policy.

Groupe PSA revenue fell 0.8% in the quarter to EUR15.5bn.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The Group sold 589,000 cars globally in Q3, 2020 while continuing to prioritise profitability and cash generation.

Total inventory, including independent dealers and importers, stood at 428,000 vehicles at the end of September, 2020, down 26% compared to end of September, 2019.

Faurecia revenue dropped 7.4% at EUR3.9bn.

Market outlook:

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

In 2020, the Group anticipates a decrease by 25% of the automotive market in Europe, by 30% in Latin America, by 20% in Russia and by 10% in China.

Operational outlook (unchanged):

PSA has set the target to deliver more than 4.5% Automotive adjusted operating margin on average for the period 2019-2021.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now