Sat, 18 Sep 2021

French hopes for 10% jump in auto sales called unrealistic

Robert Besser
04 Aug 2021, 17:54 GMT+10

PARIS, France: The French auto market is not rebounding as quickly as hoped for, with blame being placed on the global chip shortage and a new surge in COVID-19 infections, according to the auto manufacturers' lobbying group CCFA-PFA.

Earlier, the French association was predicting a growth in French car sales of 9 to 10 percent, but that is seen as no longer realistic, a spokesperson for CCFA said.

"We think it might be difficult to achieve 1.8 million of sales this year," the spokesperson said, as reported by Reuters.

Car registrations in France fell to 1.65 million from 2.21 million in 2019 as the coronavirus pandemic brought car manufacturing to a standstill.

The shortage of semiconductors, along with general uncertainty caused by the Covid pandemic, are impacting automakers, including Renault and Franco-Italian Stellantis.

New auto registrations in France reached 115,713 last month, CCFA said. Overall, sales in the French car market has increased by about 16 percent during the first seven months of 2021, compared with the same period in 2020, the association said.

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