Nose-dive in French new car registrations

2nd August 2004, Comments 0 comments

PARIS, Aug 2 (AFP) - French new car registrations fell 10.1 percent in July from the same month a year earlier to 168,461 vehicles, the CCFA manufacturer's association said on Monday.

PARIS, Aug 2 (AFP) - French new car registrations fell 10.1 percent in July from the same month a year earlier to 168,461 vehicles, the CCFA manufacturer's association said on Monday.

For the year-to-date period, registrations were down 1.6 percent from the January-July period in 2003, the group said.

Registrations of new Renault cars slumped 18.9 percent to 37,701 units in July from a year earlier, while Peugeot registrations fell 10.4 percent to 54,648 units.

"The month of July certainly does not confirm the stabilising trend seen in May and June, but in a market that remains irregular, the month of July weighs less" as a result of changes to the country's automotive tax system, CCFA said.

French new car sales had increased by 4.8 percent in May and by 3.0 percent in June.

"We also note that the summer season is traditionally slower on both the business and household levels," the association said.

French brands in general marked a decrease of 14 percent to 92,416 vehicles.

Foreign makes fell back by 4.7 percent to 76,045 units, for a market share of 45.1 percent.

Sales by the Volkswagen group were off by 0.3 percent while those by Ford brands gained 0.3 percent.

Fiat saw sales plunge by 30.7 percent, but General Motors posted an increase of 8.9 percent for its Opel and Saab brands.

© AFP

Subject: French news

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