After a year and a half of continuous rise, the French car market recorded a decline in registrations in July, confirming the expected slowdown in the second half.
The automobile manufacturers have been attacked on a negative note: registrations of new passenger cars fell by 9.6% in July to 132,999
the decline owes much to the number of working days (20 last month against 22 in July 2015). says the french automobile manufacturers (CCFA) in its monthly delivery figures.
But even data “working day adjusted”, the market rose more (-0.6%) . A first since December 2014.
“This is a setback compared to the good momentum that is recorded for several quarters,” observes Flavien Neuvy, president of the Cetelem Observatory automobile.
“This reflects the uncertainties at the macroeconomic level”, also expressed by the zero growth of the French economy in the second quarter, he said.
“C. is a little disappointing, but the first six months were rather a divine surprise “, says Jean-François Belorgey, sector specialist in the firm EY, guessing” a phenomenon of wait because of the attacks, which make buyers a little chilly. “
the deceleration already interview in June, does not affect the annual forecast of CCFA, raised early July from + 2% to + 5%.
“We know that the second half will be worse than the first,” but the french market is still “returned to his pace before the crisis cruise 2008, around 2 million vehicles per year,” says M . Neuvy.
by the end of the year, the Paris motor Show in October in Paris and launch of new models should boost market punctually sawtooth, he predicted.
– PSA and Volkswagen plunge –
Meanwhile, it is rather the hammer for the first French manufacturer PSA, whose registrations plunged 17.4% in July.
blame “a pricing policy which is very attached Carlos Tavares,” the group’s CEO, who therefore “fall more than the others”, decrypts Mr. Belorgey.
PSA “is less volume in the race than in the past and in a logic of profitability of sales”, which is reflected on its interim results, Mr. Neuvy analysis.
the owner of Peugeot, Citroën and DS also faces the loss of speed of its “range in the queue for renewal,” but that several launches are expected to revitalize.
Instead, his Renault dolphin “surfs an attractive range that works well, “said Mr. Belorgey. The diamond group has limited the damage (-4.2%), despite the debacle of its partner Nissan (-23.1%).
However, the number three Volkswagen is in full meltdown (-17.3%). “This is a real breakthrough in the dynamics of the brand” German who “had not known one month as negative for a long time,” said the president of the Observatoire Cetelem.
The company Wolfsburg, which “is losing market share in a year” in France, continues to pay its fixing scandal diesel engines.
in contrast, his fellow BMW (+ 10.3%) and Daimler (+ 5.9%) derive their game. “Premium brands are doing well, it shows that buyers are there and the market is healthy,” says Mr. Neuvy.
other manufacturers, Hyundai (+ 3.7%) is doing better than Fiat-Chrysler (-1.8%), General Motors (-6.4%), Toyota (-6.5%), Ford (-8%) and Volvo (-13.5%).
gbh / fpo / mml
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01.08.2016 12:07:45 – Paris, August 1, 2016 (AFP) – © 2016 AFP
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