French car sales have plummeted to new lows, as they fell for the 10th month of the row. The car sales for French car in France fell by 10 percent during the month of May. This is the 10th month on the trot that car sales within France have failed to register any significant gain.
The spring season is supposed to be good for the sales of new cars, but this year, we haven’t seen any such trends. The year 2022 hasn’t been good for car sales in the nation of France, as car sales have only been going down.
The semiconductor shortage across the world has led to slow deliveries in the country. The market for French cars has fallen down by over 16.92 percent during the year alone. Additionally light commercial vehicles have seen a fall of 25 percent, which is unprecedented. No other year saw such depleting levels of financial activity, besides 2020, which was marred by the onset of the COVID-19 pandemic.
The falling sales can be accredited to rising costs of living, with many people shying away from luxuries. Automobile manufacturers also predict that consumers are waiting for better options in the hybrid market to invest in them.
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