The PC French market increases by 16.1% in 2023 compared to 2022
- The French automobile market (passenger cars) experienced a revival in 2023, with a 16.1% increase in registrations compared to 2022, a trend higher than that of the European Union as a whole. The volume of new car registrations reaches 1,774,772 units in 2023 compared to 1,529,185 in 2022, 1,659,146 in 2021 and 1,650,118 in 2020. However, as in other European countries, this recovery is not at all catching up with the missed sales from the previous three years, but the 2023 figure represents 80% of the 2019 figure which was the highest since 2011.
- As in other European countries, the price of electric cars (which represent 17% of the French market in 2023) is too high to convince a wider customer base, and the end of the ecological bonus on electric cars produced outside Europe will make a large number of electric cars even more expensive. In 2024 the launch of the new Renault 5 E-Tech is planned (minimum price announced: 25,000 euros excluding bonus - for the record, an gasoline Clio starting price in 2019 was around 15,000 euros but in 2023: 20,000 euros) and Citroën e-C3 (announced minimum price: 23,300 euros excluding bonus – for the record the C3 gasoline price: 17,000 euros).
- By carmaker, the French market is represented at 52% by two groups which are almost equal, the Stellantis group with its 14 brands which occupies 27% of the market, and the Renault group with its 3 brands (the Renault-Nissan group does not no longer existing as such since 2023) which occupies 25% of the market. Far behind, the Volkswagen group does not exceed 14% of the market, however ahead of the Toyota groups (6%) and Hyundai-Kia (6%). Chinese carmakers still only represent 2.1% of the French market, compared to 5% of the British market, 4.3% of the Italian market or 3.9% of the Spanish market. However, this is more than in Germany (1%).
- Inovev expects a low market growth in 2024, between 1 and 5%.