French car sales hit 15-year low in 2013
Published on Jan 3, 2014 3:15 AM
PARIS (AFP) - The French auto market sank to its lowest level in 15 years last year with 1.79 million new cars sold and with only a hesitant rebound expected in 2014, data published Thursday showed.
Sales fell by five per cent in 2013, figures from CCFA manufacturers association said. Light utility vehicles sales fell by 4.4 per cent, it added.
"The 2013 vintage is to be forgotten," said auto market analyst Flavien Neuvy of Cetelem credit company.
According to CCFA, sales were at their worst in the early part of 2013, following on from a bad 2012 but recovered gradually in the second half.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here