French car sales slip in 2010

3rd January 2011, Comments 0 comments

New car sales slid 2.2 percent in France last year as a government trade-in incentive scheme wound down, but French carmakers posted gains, a manufacturers association said Monday.

Registrations of new cars totaled 2.25 million last year, a drop of 2.2 percent from 2009, the CCFA manufacturers association said.

A cash-for-clunkers scheme introduced by the French government at the end of 2008 to support car manufacturers wound down gradually throughout 2010 and expired completely on December 31.

French carmaker Renault saw its new car registrations climb 4.2 percent on the back of a 70.9 percent jump for its low-cost unit Dacia. New registrations of Renault brand vehicles slid 5.3 percent.

Peugeot Citroen PSA saw its sales increase by 1.3 percent.

© 2011 AFP

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