Friday, July 20, 2012

Peugeot's trapped by prolonged financial crisis

France,- According to the head of the French Automotive Association (CCFA) Patrick Blain, the French car market this year dropped to 8 percent to 12 percent. Is associated with poor European market also shrank 7 percent.

European car market is less healthy it may be unpleasant policy taken PSA groups. That said, Peugeot was in talks with unions about cost-cutting incentive program. In addition, the possibility of closing one of its plants. Even some of the factories producing vehicles below 50 percent of plant capacity.

In contrast to Peugeot, Renault SA as a major competitor, in June sales rose just 9.5 percent, to gain 3.6 percent and contributed the greatest contribution of the model of "entry level" Dacia to 44 per cent or 9710 units of the total terlego group reaches 50 018 unit.

Clearly, in the first six months, the French car market fell 14 percent to 1.23 million units. However, this condition is still better than the Spanish that is now in the grip of a severe banking crisis. June sales drop to 12 percent.


 a prolonged financial crisis that hit Europe, make the most of the blue car manufacturers on the continent should be frowned on. But, there also exist and can still make a profit in June.

Like the French car giant PSA Peugeot-Citroen, unit sales for the six months decreased to 10 percent or 63 551 units sold. Including those in the German market recorded the second largest after Europe, is also declining. Conditions were far worse than the contraction in the home market as a whole recorded 0.9 percent.

Even when the Peugeot 208 launched a new model to replace the 207 that was one of the best selling products, in March, requires time for delivery. As a result, the popularity of the hatchback was also ranked the 11 June.