France sees more new car sales in July

BY  | FROM  | 2017-08-02 15:58

France sold more new cars in July than June as the improved economic situation incited local consumers to buy new vehicles, the French Automobile Manufacturers Committee (CCFA) said Tuesday.

Car sales over the period stood at 147,519 units, up by 10.9 percent, mainly due to strong results of French manufacturers, the CCFA said in its monthly report.

At the end of July, sales of French brands were up by 12.7 percent. Renault, France's second main car maker, sold 13.1 percent more new cars to 32,373 vehicles.

PSA Peugeot Citroen group, France's No. 1 auto manufacturer, saw its sales increase by 12.7 percent after registering 43,845 units, according to the CCFA statement.

Last month, foreign brands also showed strong performance and provided 71,291 new cars from 65,372 units sold the same month the previous year.

    Related News

      Financial Times

    • Fed fears market misreading of guidance
    • The US Federal Reserve is keen to revamp its forward guidance about future interest rates but terrified of a market misunderstanding, according to the minutes of its September meeting


    • Asian shares rebound after Fed renews dovish credentials
    • Asian shares bounced back and the dollar fell on Thursday after minutes of the U.S. Federal Reserve's latest policy meeting showed policymakers have some concerns about downside risks to the global economy and the dol...


    • Nigeria succeeds at containing Ebola
    • People here are shaking hands again, kissing, hugging, touching. These days, shops are open, people are working, and children are finally going back to 
    Chinese Dictionary: