France is the 10th global economy with over $ 2.214 trillion GDP (purchasing power parity) in 2011. It is Founder Member of European Community. The per capita income of $ 35.000 (2011) is above EU average ($34.000) and is one of the highest in the world (35th). France population of 65 million people welcomes any year more than 75 million foreign tourists. Indeed France is the most visited country in the world.
Nowadays the country is facing a difficult economic situation, with a GDP positive in 2011 (+1.7%) thanks to high Government Budget deficit (5.8% in 2011) policy that increased the Public Debt ratio on GDP from 68% in 2008 to 85% in 2011. Unemployment ratio at 9.1 (2011) is still high and the austerity measures recently taken to reform pension system, eliminate tax credits and freeze most government spending can be not enough to achieve the Euro Area target of Budget deficit under the 3% by 2013.
The Automotive Industry born in France. In 1769, Nicolas J. Cugnot invented the first self-propelled vehicle – a steam driven contraption - called “a fardier à vapeur”. And century later, Monsier Etienne Lenoir was the first to develop an internal combustion engine. The creation in 1894 of De Dion-Bouton et Cie laid the foundation of the French auto industry. In France it was issued the first automobile license plates in 1893. The automotive sector had always been a key driver of the French economy, with a Production record achieved in 2004 at 3.666.000 car produced. However globalization effects are reducing France relevance and in 2011 the production was at 2 million, 3rd in Europe and 11th globally. PSA and Renault Groups produced in France only the 31.1% of their global 6.4 million vehicles.
French car sales slipped 5.3% in April, slowing their year-on year decline compared to March when the fall reached 16.4%. Year-to-date sales were down 12.3%. In spite of Captur success, Renault has lost share from Q1. Strong performance for Audi and Dacia.
French car market was negative in March, in line with expectations, losing 16.3% from last year. First quarter 2013 was stored with a 12.0% loss. Renault posted a strong share increase thanks to new Zoe and Captur immediate success.
Again negative statistics reported from the French car market. In February sales declined 12.1% with cumulated 2013 performance down 13.5% from last year. Good shape for Renault, Volkswagen and Dacia. The Duster jumped in 5th.
January was the 17th year-on-year decline in a row, posting a 15.1% drop. Dacia posted a record share of 6.0% surging in 5th place, thanks to growing Sandero sales. Fiat posted a positive month, coming back in the Top 10 brands.
December confirmed the negative momentum and the French car market posted a 14.6% decline from last year. Full Year 2012 was the third consecutive yearly decline, losing 13.8% from 2011. In December BMW and Mercedes posted wonderful performance while Ford lost 5 places.
The French market persists in a very negative mood and November decline was 19.3% from last year. This was the 13th year-on-year decline in a row and year-to-date sales were down 13.8%. The three French makes had lost share, while German gained.
October closed the yearly circle and with its 7.8% drop was the 12th consecutive year-on-year decline in a row. Year-to-date sales were down 13.2%. After few struggling months, Ford recovered the 5% of market share, while Opel dropped below 3%.
Cold September for the France car market which fell for the 11th month in a string, with 135.536 sales, down 18.0% from last year. Year-to-date sales were 1.432.053, down 13.8%. Renault recovered from August drop and was again the market leader with 20% of share.
The France car market dropped again in August, posting the worst month in last 15 years. The car sold were 96.067, down 11.4% from last year. The year-to-date sales were 1.292.000, down 13.3%. Dacia was 5th posting its record share at 6.2%
The France car market dropped in July after the flat June performance. The car sold were 148.924, down 7% from last year. The year-to-date sales were 1.198.450, down 15.5%. The new Peugeot 208 led the market four months after launch, allowing Peugeot to be market leader.
In June, the France car market registered 208.909 units, flat from last year. The year-to-date sales were 1.049.000, down 14.3% from 2011. Renault reinforced the leadership on the market with a share of 19.3%.
The France car market dropped 16.1% reporting only 165.776 sales in May, the 7th consecutive fall year- on-year. Yea- to-date sales were 840.000, down 17.2% from 2011. France domestic producers are losing share.
In April 2012, the France car industry reported 166.632 sales, down 1.8% compared with April 2011 and performing better than generally expected. Despite the sixth decline in a row, the French market showed signs of reaction. Nevertheless, year to date sales were 17,5% down from past year.
March registrations at 197.033 were 23% down from March 2011; taking into account the different working days the drop was -20%. This was the 5th decline in a row and the series just started. In the first quarter French industry was almost set at -21.7% year on year.