Summer is generally marked by sluggish economic activity but not for the automotive sector. Registrations of new vehicles increased again in July in France, according to figures from the Committee of Automobile Manufacturers.
Nearly 150,000 registrations in July
Last month, 147,519 new cars were sold, a growth of 10.9% compared to last year in the corresponding period (with the same number of working days: 20). A rise accelerating to + 13.7% if we take into account the segment of light commercial vehicles, considered representative of market activity.
In the first 7 months of the year, the Committee recorded 1,282,786 registrations, 3.8% more than in 2016 (on a gross basis) and + 4.6% in number of comparable working days (145 days in 2017, compared to 146 in 2016 over the same period).
Large auto companies continue to dominate the market
As in previous months, French manufacturers are showing good health. Saw its new car sales rise by 12.7% year on year, a slower pace than those of its rival, which recorded + 13.1% increase. PSA sales remained, despite everything, higher than those in July (43 845, against 32 373).
Follow behind the foreign groups, first the car group with 20,291 units (+ 12.8%), ahead of the other groups (+ 22.6%, to 6,999 registrations) and FCA (+ 14.2%, to 6,703 registrations). The third holds in particular the brands Fiat, Jeep, Alfa Romeo or Lancia.
Good results but results are worse than in 2015 and 2016
Last July, the CCFA had revised its annual growth forecasts upwards: between + 3% and + 4%, compared to + 2% initially forecast. Bottom: these projections remain below the registrations registered in 2016 (+ 5.1%) and 2015 (+ 6.8%).
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