French market Forecast for 2016 (PC+LUV)
- 2015 year seems - at last - to herald a marked recovery of French automotive market. Indeed, in the first nine months of the year, the volume of registrations (PC + LUV) has experienced an increase of 5.4% compared to the same period in 2014. Inovev expects a 5% increase over 2015.
- Economic growth is planned to rise gradually to 1.3% in 2016 and 1.6% in 2017, as a result of lower oil prices, less fiscal contraction and cumulative effects of sustained monetary stimulus. However, declining house prices and weak business confidence are continuing to weigh on investment, and unemployment will decline only slightly.
- Consequently, Inovev expects in 2016 a slighter increase (around 2%) of the automotive market than in 2015.
- Following French new models - to be launched in 2016 and which can stimulate the market during the year- are worthy to mention: Citroën C3, Citroën C3 Picasso, Peugeot 3008, Peugeot 5008, Renault Mégane, Renault Scénic and Renault Talisman (to be launched at the end of 2015).
The introduction of the new Nissan Micra which will be produced in France (Flins) could also boost sales of the brand, even if this model is planned only for the end of 2016.
The introduction of the new Nissan Micra which will be produced in France (Flins) could also boost sales of the brand, even if this model is planned only for the end of 2016.
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