French new cars sales fall in January

2nd February 2004, Comments 0 comments

PARIS, Feb 2 (AFP) - Sales of new cars in France fell 11.9 percent in January from the same month last year in the face of consumer indecision, the French auto manufacturers' committee announced Monday.

PARIS, Feb 2 (AFP) - Sales of new cars in France fell 11.9 percent in January from the same month last year in the face of consumer indecision, the French auto manufacturers' committee announced Monday.

New-car sales came to 154,223 units the committee said, adding that corrected to reflect a comparable number of working days in the two months under consideration sales were down 7.7 percent.

"In an expectant economic and social context, French and European brands were affected by market indecision in the absence of signs either of recovery or of pronounced deterioration," the committee said.

Sales in 2003 declined 6.3 percent from 2002 according to an identical number of work days, the second straight yearly fall.

French-made cars captured 58.1 percent of the market after 58.5 percent in January 2003.

Monthly sales at PSA Peugeot Citroen were down 13.7 percent while those at Renault dipped 11 percent.

Among foreign brands, General Motors fell 48.7 percent in January, Volkswagen of Germany 19.4 percent, Fiat of Italy 19.2 percent and Nissan of Japan 14 percent.

The Japanese firm Toyota bucked the trend, with sales rising 10.5 percent, as did BMW and DaimlerChrysler of Germany, where sales gained 10.8 and 6.1 percent, respectively.

The South Korean group Hyundai saw a 45.7 percent surge in sales in January from January 2003.

© AFP

                                                             Subject: France news

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