Tuesday, February 2, 2016

French carmakers lose domestic ground to rebounding Volkswagen



French automobile registrations rose three.9 % in Jan, the country's main car trade body aforementioned on Monday, as Volkswagen (VOWG_p.DE) looked as if it would push aside the scandal over its diesel test-rigging, outpacing Renault (RENA.PA) and PSA Peugeot Citroen (PEUP.PA).

Sales rose to 138,395 cars, the Paris-based CCFA aforementioned during a statement. Adjusted for marketing days, of that there was one fewer last month than in Jan 2015, the gain was larger.

The data offers some cheer to Volkswagen because it continues to face repercussions from the exposure of its U.S. emissions test-rigging.

Following a run of slower sales within the wake of the scandal, that skint in September, the German group's registrations picked up by twelve % in Jan, supported CCFA knowledge to Jan. 29, with the core VW complete up five.5 percent.

That contrasted with a three.2 % gain for PSA and a two.9 % decline for Renault cluster within the same amount, despite recent model launches as well as the Renault Kadjar compact SUV.

France's domestic brands additionally lagged behind foreign rivals Toyota (7203.T), up 11.6 percent, and decree Chrysler (FCHA.MI), that gained eight.4 percent. A buoyant performance by Opel-Vauxhall helped parent General Motors (GM.N) record a nineteen % French sales gain.

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