French November auto sales fall 4.4 percent, but domestic makers on rise
December 3, 2013, 12:08 am TWN
PARIS -- French auto sales slid by 4.4 percent in November in unadjusted terms, with 11-month sales down by 7.1 percent, according to industry association data released Monday.
However, both domestic carmakers registered rising sales in November, according to data of the French Automakers Committee (CCFA).
PSA Peugeot Citroen, which announced a change in leadership last week as it is reportedly in the midst of seeking a new investor, saw its sales increase by 2.4 percent in November despite there being fewer working days compared to the same month last year.
Renault, which has weathered the slump in European car sales better thanks to a greater international presence, registered a 3.1-percent increase in sales.
The CCFA, which reports new car registrations as a proxy for sales, said the sales of foreign cars slumped by 12.4 percent in November.