France: the automotive market plunges nearly 10% in October

The automotive market plunged in October by nearly 10% over one year for new vehicles, due to the global health crisis.

The end of the year promises to be difficult with the reconfinement.

REUTERS / Gonzalo Fuentes

Text by: RFI Follow

2 min

The French automobile market collapsed in October by nearly 10% over one year for new vehicles, due to the global health crisis.

Conversely, the second-hand market jumped 11%.

According to figures published by the Committee of French Automobile Manufacturers (CCFA), the Renault group shows the largest drop, its competitor Peugeot PSA is doing much better.

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After excellent results last year at the same time, new vehicle sales this year in October fell 9.5%.

Over the first ten months of the year, they plunged almost 27%.

French manufacturers are resisting better than their foreign counterparts, who on average are down by just over 14%, with large differences between brands.

Volkswagen, the leading importer in France, saw its sales fall by more than 8%, BMW by around 23% and Toyota by almost 32%.

Among the French,

the Renault group

recorded the largest decline with a drop of almost 10%, due in part to the poor performance of Dacia.

Its competitor Peugeot PSA is doing much better.

Over one year, its sales fell only nearly 2.8%.

The poor performance of Citroën was offset by the good results of Opel and Peugeot.

The Peugeot 208 remains the best-selling car of the year.

Opportunity is popular

The market for hybrid and electric cars is growing: in one year, its volume has almost tripled.

But the big winner this year is the second-hand market, up 11%.

The end of the year promises to be difficult for the new car market,

with the re-containment 

decreed for one month.

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To read: Automotive: European manufacturers call on EU governments for help

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  • Coronavirus

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  • Automotive

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