Only 86,000 new cars were registered in France in August, a decrease of 24% over a year

by time news

2024-09-02 00:34:18

Registrations of new cars fell significantly in August (-24% over a year), marking a decline in the market, according to data published on Sunday by manufacturers. Last month, 85,977 new passenger cars were registered, a decrease of 24.3% compared to the month of August 2023 which has more working days, reported Automotive Platform (PFA), which brings together French manufacturers and equipment suppliers, and data center AAA.

August – a small summer when few businesses are traditionally closed – in force in 2023 (sold 113,599 units), benefiting from a reduction in delivery problems after months of shortage of electrical units. The level of sales is still lower than before the Covid-19 pandemic: some 129,300 cars were sold in August 2019.

Individuals and businesses alike have cut back on buying new cars. “The uncertain political environment is affecting the economic landscape, with households already faced with rising costs and interest rates, and companies adopting a wait-and-see attitude regarding investments. – their money,” Marie-Laure Nivot, analyst at AAA Data, pointed out. is released.

In August 2024, the decrease in sales is a significant sign for the leader Stellantis (Peugeot, Citroën, Fiat), with 31.7% fewer registrations, and competitor Renault (-22.5%). In contrast, Volkswagen grew by 6%.

More than 1.1 million new cars have been registered since the beginning of the year

More broadly, in the first eight months of 2024, more than 1.1 million new cars were registered in France, which represents a decrease of 0.48% compared to the same period in 2023. “After several months of growth , sales of hybrid cars in France. is sustained,” notes AAA Data. They represent 43% of the market.

Sales of electric vehicles fell by 33%, “with market share increasing to 15% compared to 18% in August 2023,” the company noted. As for the heaters, they are reduced “significantly”, the same source points out: “-37% for gasoline (32% of the market), and -43% for diesel (7% of the market)”.

Peugeot 208 is the best model sold to individuals in the first half, ahead of Renault Clio and Dacia Sandero.

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