Economy, Auto

French Car Sales Fall 6% in April

French Car Sales Fall 6% in AprilFrench Car Sales Fall 6% in April

French new-car registrations fell 6% to 171,879 in April with two fewer selling days in the month, French car industry association said in a statement on Tuesday.

Taking into account the difference in selling days, growth was 3.9%, Automotive News reported on May 2.

Volkswagen Group’s Seat brand was the biggest winner among major marques with volume rising 21%, while sales at sibling unit Skoda rose 8.7%.

Overall, VW Group sales fell 8.5%, hit by an 8.4% drop at Audi and a 15% slide at the core VW brand. Porsche registrations plunged 19%.

Domestic brands were hit as Renault Group sales slipped 8.3%, dragged down by a 9.3% decline at Renault brand and a 5.3% drop at its budget Dacia unit.

PSA Group’s sales fell 5.3% with Peugeot sales down 2.2% and Citroen’s volume falling 5.2%. Registrations of DS cars, the group’s premium brand, plummeted 42%.

Kia had a good month with a 12% increase while Hyundai volume dropped 15%.

Among other volume brand’s Fiat sales were up 3.9% and Toyota registrations increased 1.2%.

Sales at General Motors’ Opel brand fell 3.6%, while registrations at Ford were down 6.4%.

Following the release of April data, analysts Evercore ISI forecast French auto sales will fall to 1.88 million this year from just over 2 million last year.

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