The French car market continues to recover in July, helped by support measures

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New passenger car registrations in France grew by nearly 4% in July, the CCFA Manufacturers’ Committee announced on Saturday, welcoming that the support measures deployed by the government in favor of the sector “have worked well”.

There were 178,981 new passenger car registrations in July, up 3.92% year-on-year, even as July 2020 had one less working day, according to a statement.

“We are in a very good month of July, we have one day less compared to 2019, it was even a bit of a surprise for us to see that this month of July was attacking so hard”, commented to the AFP spokesperson for CCFA François Roudier.

“The month of July bears the mark of the government’s support measures, in particular the measures in favor of destocking after containment which have worked well,” he added.

The French auto market had collapsed 72% in March, 89% in April and 50% in May, under the effect of containment to fight the pandemic. Distribution had been paralyzed and factories shut down, before resuming from May.

The French automobile market, stimulated by government support measures, began to rebound in June (+ 1.2%).

To revive auto sales after containment, the government has notably strengthened the bonuses for the purchase of electric vehicles and introduced aid for plug-in hybrids. The conversion premium for the scrapping of an old vehicle has been extended to reach a wide audience.

Renault in shape

The increase recorded in July is explained, among other things, by the good performance of the French group (+ 33%), whose Renault and Dacia brands jumped by 41% and 15% respectively.

The other major national manufacturer, on the other hand, suffered a decline of 5%. If the lion brand Peugeot has won an increase of just over 6%, the Citroën, DS and Opel labels have fallen.[…]

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