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French Automobile Market rose by 1.1 % in August
By Yoann Besnard on 5 September 2007 | 
(1) Comments | Permalink
After a spectacular recovery of the French automobile market in July thanks to a 21% increase, the month of August stabilised with 139,640 registrations recorded. This 1.1% more than the previous year over the same period.
However a detailed analysis of the statistics shows a slightly different situation. The passenger car market fell by 2.4% with 111,260 registrations compared to August 2006 while the market for light commercial vehicles rose by a spectacular 17.1% with 28,380 registrations. August is generally not a very active market due to the holiday period.
For the first eight months of 2007, the new passenger car registrations reached 1,375,208 cars. This is 0.6% less than last year compared to the same period. With 307 447 registrations recorded from January to August 2007, the market for light commercial vehicles increased by 5.4 %.
French carmakers have lost their majority market share to imported brands with only 46% of market share. However on the first eight months, they still save the face with a 52% market share. Renault Group increased its sales by 2% thanks to Dacia. The sales jumped from 1,031 in August 2006 to 2,407 in August 2007 while Renault fell by 4%. On the other hand, PSA fell sharply by 13.4%. Peugeot sales decreased by 13.4% with 29,600 registrations. Citroën recorded the biggest fall with -17.3%.
Among the imported brands, BMW is the biggest winner. It progressed by 34.3%.
Comments
Posted by: First Super Speedway | Sep 28, 2007 5:08:27 AM
Never mind the fall, it’s natural. Just keep on rising!
