France's car sales drop 18.7 percent in October

• Source: Xinhua
• [10:22 November 03 2010]
• Comments

Car sales in France shrunk in October year-on-year as the scrapping scheme was to end, French Car Sales Federation (CCFA) said on Tuesday.

New car sales declined by 18.7 percent from a month earlier to stand at 171,449 units with sold French brands fell by 19.8 percent over the period, according to CCFA's statement.

Sales of foreign cars brands suffered a 17.4-percent drop, it added.

PSA Peugeot Citroen car manufacturer group saw its sales down by 17.3 percent from a month earlier. Renault sold 21.9 percent less new cars with sales of low-cost brand of Dacia dropping 13.2 percent after it had witnessed an increase of 31.7 percent in September.

France used a scrapping scheme, which offered 1,000 euros for each 10-year-old car, to help the business coping with the 2008-2009 crisis. The public aid was reduced to 500 euros from July 1. These subsidies will be maintained until the end of the year