French new car sales rebound in August
16 Sep
nbsp; The released French car manufacturer Commission data showed that after the domestic car sales in France kept falling for the two consecutive months, the sales rebounded in August again, of which the sales of passenger cars had a greater rate of growth.
nbsp; In August, the French domestic car sales are about 109,000,which had increased by 3.2%. though the Franch brand car sales had fell by nbsp;2.2%, it still accounted for 54.36% ofnbsp;the market share. Which PSA Peugeot Citroeuml;n sales had fell by 3 percent,and the Renault group fell bynbsp;1.4%. The Foreign brand car sales in French market hadnbsp;grown bynbsp;10.5%, accounting for 45.64% of the market share. In which ,nbsp;Nissan, BMW, Volkswagen and Mercedes increased more than 15%, while Fiat decrease of 21.5%.
nbsp; In that Month, the French passenger car sales rose 5.8%, while the industrial vehicles grew 38.8%. In addition, high-end vehicle sales continued to rise. Car manufacturers Commission spokesman Francois waru Diener said that passenger cars and industrial vehicles sales had gone up, reflecting an increase in economic activity.
nbsp; From January to August, the French domestic car sales are about 1.493 million, increased by 0.4%. French car manufacturers Commission expected that the French car market will shrink 8%-10% this year.
nbsp; The automotive industry is a traditional pillar industry of the French economy, but it is also the one of the most serious industrial entities influenced by the international financial crisis. To revitalize the new car market, the French government launched the quot;tradequot; subsidy policy in December 2008, which gradually narrowed in 2010, and ended in December 31. Stimulated by this policy, the French new car sales in 2009 reached to 2.3 million, a record high since 1990.
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