20365
French Car Sales Rise 15% in June
Economy, Auto

French Car Sales Rise 15% in June

French new-car sales jumped 15% in June as two extra working days helped lift registrations.
Sales advanced to 225,645 last month after their biggest monthly gain in four years, with Volkswagen Group and PSA/Peugeot-Citroen keeping pace with or beating the broader market. Adjusted for the effect of the two extra sales days compared with June 2014, underlying sales growth rose 4.5%, the CCFA industry association said, Reuters reported.
VW's group sales surged 23%, before adjustment, with the group's namesake brand and premium Audi mark leading gains.
PSA posted a 15% sales increase led by the Peugeot brand, while domestic rival Renault's sales rose 8.7%. Sales of the Renault group's no-frills Dacia models surged during the economic crisis but have slowed amid signs of a recovery.
Delivery van sales rose 11% in June, the CCFA said, taking the gain in overall light vehicle registrations to 14% or 3.9% adjusted for the extra sales days.
French new-car registrations for the first half of 2015 were up 6.1 percent to 1.01 million.
The boost in sales in France is down mainly to low interest offers from dealerships, as well as large corporate fleets being upgraded during the summer period.
Historically, car sales in France have always picked up through the summer months, as buyers tend to use their vehicles more for holidaying as well as touring.
The French figures follow a wider general trend occurring in Europe's more established automotive markets. Recent figures from Britain also suggest an upswing in the purchases of new vehicles through the summer period.

 

Short URL : http://goo.gl/TWJblo

You can also read ...

Russia Signs EAEU-Iran FTZ Agreement
Russian Prime Minister Dmitry Medvedev signed an interim...
Google spent more than half a billion dollars last year to establish smart home company Nest in sectors like security cameras, alarm systems and video doorbells.
Google parent company Alphabet reported first quarter earnings...
Ransomware Attack Hit Ukraine Energy Ministry Website
The website of Ukraine’s energy and coal ministry website has...
Hand-Woven Carpet Exports at $424m Last Year
Some 5,400 tons of hand-woven Persian carpets worth $424...
Labor Ministry Reports Provincial Share of GDP
The Ministry of Cooperatives, Labor and Social Welfare’s...
Modern Irrigation Systems  Installed Over 180,400 ha Last Year
More than 180,400 hectares of farmland were equipped with...
S. African Delegation to Visit Semnan
A South African business delegation of economic players in the...
Non-Oil Trade With Italy  Up 9.6%
Iran traded $1.85 billion worth of non-oil goods with Italy in...

Trending

Googleplus