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France 2020. Demand rebound and Government bonuses pulled market up 1.3% in June

French vehicles market reported an amazing recovery in June 2020, signing the second-largest June score ever, thanks to the rebound in demand and Government support. Indeed, 233.818 units were registered in June (+1.3%) leading Year to Date sales to 715.907 (-33%). Electrified sales as a whole reached 18% market share.Market trend in JuneFollowing the halt in April (-88.8%) and the 50.3% loss in May, the market reported an amazing performance in June, actually registering a year on year improvement. This positive performance is partially due to the two additional working activities in June, but also to the rebound in consumer demand after two months of lockdown, as well as discounts from car manufacturers, aiming to clear stock.Indeed, 233.818 units were registered in June (+1.3%) – the second-largest June score ever for the French market – leading Year to Date sales to 715.907 (-33%). Green bonuses – aimed at supporting demand and fostering the clean technology development – led to a 205.2% year on year boom of EV sales, while PHEV grew by 5 times and HEV surged 108.7%. As a result, electrified sales as a whole reached 18% market share.Post Covid19 Market TrendA 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%).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.Medium Terms Market TrendFrench 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.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.

Russia Autos Market Report 2010-2025
Saturday October 10, 2020

Russia Autos Market Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape. Research Contents Focus2move Automotive Market Reports provide a comprehensive and extensive overview about this market including information on the cars and light commercial market size, […]

Bosnia 2020. Market recovers in September (-15.5%), but growth is challenged by second wave
Tuesday November 10, 2020

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