French auto market edges up and Dacia leaps in June trade data

1st July 2014, Comments 0 comments

The French car market rallied slightly again in June, struggling out of a severe downturn in the last two years, trade data showed on Tuesday.

Sales of new cars rose by 3.2 percent on a 12-month comparison, before any adjustment for seasonal factors, taking the increase in the first six months of the year to 2.9 percent.

The committee of French car manufacturers also raised its forecast for growth of the French auto market this year from 1.0 percent to about 2.0 percent, after allowing for changes in the number of working days from last year.

The organisation said this meant the market was almost stable, since the 2.0 percent represented 1,826 sales.

In June, the French auto group Renault again did well, boosting sales by 24.7 percent, and with a 46.9-percent leap by its low-cost brand Dacia which builds vehicles in Romania.

But sales by the other big French carmaker Peugeot Citroen fell by 2.3 percent, pulled down by the Citroen brand.

Among foreign brands, the German Volkswagen group saw its sales fall by 6.5 percent, and sales by US groups Ford and General Motors fell by 8.6 percent and by 25.4 percent.


© 2014 AFP

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