Anyone seeking proof that Franceís new car market, like no other major car market in Europe, remains in the icy grip of the regionís worst economic slowdown for decades need only glance at last monthís turnout.
On yet another pessimistic note, eight months into the current year, Franceís new car sales are currently running at an annualised rate of just 1.8m sales, which marks only the third time since 1999 that Franceís annual new car sales have failed to breach the 2m level
August lowest level since AID records began
This sobering view is born out by news that new car sales this August fell 2.6 per cent to just 83,715 units, which marks the lowest level for this particular month since AID records began.
Whatís more, last monthís total was almost 25 per cent below pre-crisis August 2007, which was no bell-ringer, either.
From yet another historical perspective, the high point for August was 179,072 in 1999.
However, the French autoindustry association, keen to put a slightly less pessimistic spin on the marketís recent developments, points out that there was one fewer working day in the month than in August last
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new CAR sales:
manufacturer and marqueAUGUST
2014 V AUGUST 2013
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