French market Forecast for 2015 (PC+LUV)
- The French car market saw its sales peak in 2009, 2010 and 2011, during the introduction of scrappage schemes coupled with a bonus-penalty system calculated on the level of CO2 emissions from vehicles.
- Unfortunately, these three good years (that illustrated the godsend granted to French buyers for a limited time) had a strong aftermath, as with any limited duration scrappage scheme (-19% between 2013 and 2009).
- The year 2014 seems to be introducing a reboot (+3.3%), which could continue in 2015.
- In spite of a less optimistic growth (between 1 and 1.4% according to sources in 2015) than that of Germany and the UK , the car market should indeed continue to grow in 2014 and reach a level of 2.3 million units in 2015 (up 3% from 2014).
- Although levels prior to 2009 will be hard to reach, the French market should benefit from the end of the negative effects induced by the scrappage schemes established between 2009 and 2011. Moreover, the renewal of high-volume products (segment A vehicles) and the growth of SUV supply (segment B of C) should help sales in the French market.
- In 2014, 72% of cars sold in France were imported from abroad.
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