French New Car Registrations Growth Slowed in September
October 01 2016 - 5:07AM
Dow Jones News
By Inti Landauro
PARIS--The rebound in the French car market slowed down in
September as new-car registrations rose 2.5% after a 6.7% increase
in August.
New-car registrations, a proxy for new-car sales, rose to
168,827 vehicles in September, according to data from the country's
car manufacturing association, CCFA. New-car registrations rose
5.7% during the first nine months of the year.
After several years of decline, France's car market--Europe's
largest after Germany and the U.K.--notched strong growth in 2015
and the rebound had continued into 2016 against an improving
economic backdrop and increased consumer spending.
Registrations of new cars made by French manufacturer PSA
Peugeot Citroen (UG.FR) fell 6.8% while its cross-town rival
Renault SA (RNO.FR) saw an 8.2% increase during the month.
Registrations of cars made by Volkswagen AG (VOW.XE), the most
popular foreign maker in France, rose 8.1%.
Write to Inti Landauro at inti.landauro@wsj.com
(END) Dow Jones Newswires
October 01, 2016 04:52 ET (08:52 GMT)
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