The French car market returned to growth due to state support programs

The French car market returned to growth due to state support programs

August 3, 2020 0 By autotimesnews

The French auto industry has become one of the hardest hit in the world due to restrictive measures related to coronavirus infection.

Experts of the analytical agency shared data on sales of new cars in France for July 2020. Last month, 178,985 new cars were sold in France, which is 4% better than last year’s figure for the same period. Let’s remind that in March the market decline was 72%, in April this figure reached 89%, and in May 50%. In June, the situation stabilized and an increase of 1.2% was observed.

Positive dynamics was achieved due to the action of state support measures – mainly, bonuses are provided for the purchase of hybrid and all-electric cars, and payments for the disposal of old cars were also increased. July was a great month for the Renault group, with car sales up 33%. Renault demand grew 41%, while Dacia sales rose 15%. Such dynamics became especially important against the background of talk about the global crisis in the company.

Sales of new PSA Group machines decreased by 5%. Best of all, Peugeot is doing, which showed 6% growth.

Citroen, DS and Opel are showing negative growth rates of 20%, 16% and 12%, respectively. However, these figures are already better than the results of the second quarter. According to the results of the first 7 months of this year, French dealers were able to sell 894,779 new cars, which is 400 thousand units. less than in the same period in 2019.