Sales of New Cars in France rose 6.7% in August

Finance
Sales for new cars in France rose in August

New car registrations increased in August in France by 6.7% from August 2015 to 98,201 units in raw data, said Thursday the French Automobile Manufacturers (CCFA).

In the first eight months of the year, with 1,333,620 registrations, the rising French car market is 6.1% on a reported basis, adds the CCFA .

Since the beginning of the year, sales of new cars in France, has seen the French groups increase their market share by 5.8%, representing 54.43% of the total. Foreign manufacturers know for their part an increase of 6.5% compared to the first eight months of 2015.

Renault is the French group that has gained the most over this period, with growth of 9.8% since the beginning of the year with 343,420 new cars in France (+ 13.9% in August) while the PSA group wins 2.5% to 381,808 (+ 0.4% in August).

French market recovery

The Volkswagen Group has stagnated over the first eight months (+ 0.2%) but yields 8.1% on August.

CCFA confirmed early July is expected that the French car market continues its recovery in 2016 given the strong demand, particularly in new models, observed on the first part of the year.

If it provides a second half slightly less favourable than the first, it raised its annual forecast to about 5%, while it anticipated far more than 2% growth.

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