Peugeot Car Registrations Drop 17% In France

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For the whole French market, registrations of new cars hit a new low in August, falling 11% compared to the same month of 2012, according to latest data from the French automobile manufacturers’ association. Adjusted to take into account one less working day last month compared to August 2012, the pace of car buying showed a year-on-year decline of 6.7% Over the first eight months of this year, the French market has contracted by 9.8% to a level not seen since the late 1990s. In contrast to the very weak performance of Peugeot Citroen, registrations of France’s other volume car maker Renault SA more rose by 1.7% in August from a year before, pulled higher by a 4.6% increase at its core Renault brand that was partly offset by a 5.8% decline for its low-cost Dacia brand. However, the French auto industry group remains confident that the slide in new car sales for the whole year will be limited to 8% and expects to see some limited recovery in the coming months, spokesman Francois Roudier said.
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Peugeot’s French New Car Registrations Drop in August

New registrations for Peugeot in France were down 17% year-on-year in August. Over the first eight months, Peugeot’s sales were down 13%, worse than the overall market’s 9.8% decline, losing a percentage-point share of its home market despite the arrival in showrooms of two new models, the Peugeot 208 subcompact and the Peugeot 2008, a mini-SUV. A new version of its Peugeot 308 hatchback is due to hit showrooms later this month. Peugeot is in the middle of a major restructuring program, involving the loss of thousands of jobs and the closing next month of production lines at a factory near Paris as it tries to stanch losses.
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