French Car Sales Fall By Over 20 Percent This February

The French car market is still rallying from the impact of the COVID-19 pandemic and the economic impact that has resulted because of it. The market demand has still not gone to pre-COVID levels as car sales for the month of February in 2021 were still over 20 percent short than what they were during the same period last year. 

With 132,637 registrations, against an average of 160,000 in recent years, the drop in the number of orders is significant.

With 132,637 registrations against an average of 160,000 in recent years, “the drop in orders in the second half of 2020 is being felt as well as the start of the semiconductor shortage for the automotive sector,” indicated the committee of the constructors (CCFA). New car sales in France fell 20.95% year on year in February, the CCFA said in a statement.

«The French keep their savings and postpone their heavy purchases» Explained François Roudier of the CCFA.

As several groups have also announced, “we expect a rather bad first quarter, a not very good first semester, and a re-launch in the second semester”, emphasized François Roudier.

The drop is spectacular for the sale of second hand vehicles with a drop of 42% (31,637 registrations). “This is explained in particular by the current tension that exists in the networks of professionals on recent used vehicles” emphasizes AAA Data.

YouTube Link: https://www.youtube.com/watch?v=bRq6IA0Cno8

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