The French Car Market Declined 25.5 Percent in 2020 Due to the Coronavirus Crisis
The French Automobile Manufacturers Committee, the union representing auto companies, announced that the Corona virus outbreak led to a significant decline in the French car market, amounting to 25.5 percent during 2020. The performance of French car manufacturers remained better than their competitors. SA “reduced deliveries by 25.1 percent, Renault by 24.9 percent, while operations of foreign companies decreased by 26.1 percent.”
On Friday, the union representing French car companies released figures indicating that the health crisis caused by the Coronavirus caused the French car market to collapse by 25.5 percent in 2020, down to the level it reached in 1975.
The French Automobile Manufacturers Committee, the union representing auto companies, said that about 1.65 million new cars were put on the market last year, compared to 2.2 million in 2019.
The communications director of the committee, Francois Rodier, told Agence France-Presse that even “during the crises of the 1990s and the first decade of this century, we did not retreat from 1.7 million” cars.
The sector was a victim of the stoppage of concessions and factories during the first quarantine measures in the spring that were imposed to combat the spread of the Covid-19 epidemic, in addition to the uncertainty that made consumers in a position of anticipation in the midst of a serious economic crisis.
The French manufacturers PSA (Peugeot, Citroen, Opel) and Renault maintained relatively better performance, but reduced deliveries by 25.1 percent and 24.9 percent, respectively, compared to 2019, while foreign companies saw a decline in their operations by a percentage. 26.1 percent, according to the commission.
The French Car Market Declined 25.5 Percent in 2020 Due to the Coronavirus Crisis - /10