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Business

Sales of new cars slip 7 percent in France

Latest update : 2009-05-04

The French automobile-manufacturers committee announced on Monday the sales of new cars fell by 7 percent over the past year, despite a surge in March. The committee said production and delivery problems were responsible for this drop.

AFP - Sales of new cars fell an unadjusted 7.0 percent in France in April compared with the same month last year, reversing a gain recorded in March, the French automobile manufacturers committee said Monday.

Sales fell 2.5 percent to 184,706 vehicles when calculated according to a comparable number of working days.

French auto sales had surged 8.3 percent in March after five straight monthly declines, a performance partly attributed to incentives by the state to consumers who scrapped an old car and bought a new one.

The committee said production and delivery problems may have affected sales in April.

PSA Peugeot Citroen reported a 5.9 percent sales slide last month while rival Renault saw a 5.8 percent decline.

Date created : 2009-05-04