French passenger car demand grows modestly in February 2019
French passenger car demand has risen modestly during February, according to the latest data published by the French Automobile Manufacturers Committee (Comité des Constructeurs Français d'Automobiles: CCFA). Registrations have grown by 2.1% y/y to 172,438 units, with no working-day factors coming into play. This performance has helped to offset the dip recorded in January and after two months its year-to-date (YTD) growth stands at 0.5% y/y to 327,517 units. The CCFA has also released registration data for light commercial vehicles (LCVs) with a gross vehicle weight (GVW) of less than 5.1 tonnes. During February, registrations of such vehicles have increased by 6.3% y/y to 38,078 units.
Outlook and implications
After a positive performance for the passenger car market over the course of 2018 despite the upheaval caused by the introduction of WLTP in September, IHS Markit anticipates that this year will be weaker, which is started to be reflected in the early monthly totals being recorded. Over the course of the full year we currently forecast that registrations will stand at 2.125 million units, a decline of around 2.2% y/y. We are also expecting that the light commercial vehicle (LCV) category will retreat in later months despite a strong start, ending the year with vehicles with a GVW of up to 6 tonnes standing at 444,000 units, a decline of 3.4% y/y.
Read more articles like this one. Get a free trial to AutoIntelligence Daily
- California tightens availability of EV credits
- EU expects to avoid US tariffs on cars
- Sales of electrically chargeable vehicles in EU grow 51.8%
- Japan looking to subsidise compact BEVs
- The UK passenger car market went into retreat again in October, falling by 6.7% year on year
- UK government considering green number plates to identify zero-emission vehicles
- How will micromobility impact the automotive ecosystem?
- Berlin launches all-in-one mobility app
California tightens availability of EV credits. The US state of California has tightened the availability of electr… https://t.co/TzQMmnQZby