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France. Following the -50% in May, the French car market is projected down 32% in 2020

French vehicles market lost 50.3% in May 2020 with 96.310 units sold, as car dealerships were allowed to restart activities from May 11, leading Year to Date figures to 481.989 (-42.5%). President Macron announced an €8bn plan for auto industry recovery and accelerate the transition to “clean” vehicles.French market heritageFrench vehicles market was in a positive momentum since early 2015 and the Macron government active policy has corroborated the market pushing up consumer confidence and expectations. Consequently, the car passenger sales level achieved in 2019 was the best in the decade and follows 6 years of consecutive growth, with 2.21 million units sold, up 1.9%. However, in 2020, according to data reported by the French Associations of Car Manufacturers, the market had embarked on a negative pathway. Indeed, in Year-to-date figures in February have been 306.670, down 6.5% from last year.French market 2020 data & outlookA new era started in March for the entire World and the immediate effect of measures taken by the French government to counteract the spread of the virus blocked any commercial activity in the country. Indeed, from March 16, all dealers and plants have closed, ending the first quarter with 364.682 units sold (-34.2%).The Government held restriction measures through the entire month of April, forcing car registrations to collapse 88.8% with 20.997 units sold, while in May the market reported an improvement, as car dealerships were able to reopen from May 11. Indeed, 96.310 units were sold in May (-50.3%), leading Year to Date figures to 42.5% at 481.989.Beyond Covid-19: Macron’s planPresident Emmanuel Macron announced an €8 billion plan to support the French car industry and sustain the country’s economy from the Covid-19 crisis. The plan includes subsidies for the purchase of “clean” vehicles – up to €7.000 for electric cars – while fostering the clean technology development.President Macron’s hopes are to support car demand while making France the European leader in the production of electric vehicles, with an output target of 1 million a year by 2025.Despite the plan will stimulate conversion to clean vehicles in the long-term, the short-term effects on demand are likely to be insufficient, as subsidies on electric vehicles will not effectively stimulate demand to recover from Automotive industry crisis.Indeed, according to the Focus2move Research Team, the French auto market is seen to be reporting a 32% decline in 2020. The already-weak trend in the first two months of the year, together with the drop in demand and supply due to the Coronavirus outbreak, will make France one of the worst performing European countries in 2020.Tables with sales figuresIn the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 ModelsThis content is for members only. Visit the site and log in/register to read.

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