The Limited Times

Now you can see non-English news...

The French car market fell 20.95% in February, according to manufacturers

2021-03-01T06:49:43.224Z


With 132,637 registrations, against an average of 160,000 in recent years, the drop in the number of orders is significant.


With 132,637 registrations, against an average of 160,000 in recent years "

the drop in orders for the second half of 2020 is being felt as well as the start of the shortage of semiconductors for the automotive sector

", the manufacturers' committee said on Monday (CCFA ).

New car sales in France fell 20.95% year on year in February, the CCFA said in a statement.

Read also: Renault: how the manufacturer wants to bounce back after a black year

"

The French keep their savings and postpone their heavy purchases

," explained François Roudier of the CCFA.

Short-term rental companies also weigh heavily in the poor performance of the market, underlines the firm AAAData, with a 55% drop in their purchases.

A "rather bad" first trimester

As several groups have announced, "

we are expecting a rather bad first quarter, a not very good first half, and a take-off in the second half

", underlines François Roudier.

Hybrid sales now represent more than 23% of the market, almost as much as diesel, with 30,198 registrations.

With almost 70% increase over one year, hybrid and plug-in hybrid models are showing very strong growth in February.

Sales of 100% electric vehicles fell slightly after a sharp increase in 2020, with 8,424 registrations in February (-11%).

The used vehicle, which has been holding up well in recent months, is down nearly 8.5%, with 453,407 vehicles registered, against 495,627 in February 2020.

Read also: The automobile switches to all-electric

The drop is particularly spectacular for second-hand vehicles less than a year old with a collapse of 42% (31,637 registrations).

"

This is explained in particular by the current tension that exists in the networks of professionals on recent used vehicles

", underlines AAAData.

Source: lefigaro

All business articles on 2021-03-01

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.