The Economy

French Auto Sales Jump in October

Nov. 2, 2007

Gained 9.1%

Sales of new cars in France jumped sharply in October, increasing 9.1% after a gain of 3.2% in September, the French car manufacturers' association (CCFA) said Nov. 2.

Sales last month came to 188,935, led by PSA Peugeot Citroen with a gain of 8.5%t while rival Renault was up 2.6%.

For the 10 months to October, auto sales were up just 0.8%, with the market very choppy, posting growth of 21% in July and a fall of 2.4% in August.

PSA Peugeot Citroen with 57,652 sales held 30.5% of the total in October while Renault's 46,237 sales gave it 24.5%. French automakers overall held 53.5% of the market, down from 55.9% in October 2006

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