The French automotive market regains its colors
This page is translated from the original post "Le marché automobile français retrouve des couleurs" in French.
- 04/04/2023 10:31
March 2023 saw a 24% increase in new car registrations in France. Here’s the detail.
The least we can say is that since the COVID-19 pandemic, the French automotive market has been playing yo-yo. Add to that the semiconductor crisis, the war in Ukraine, Euro 7 standards, and the rise of electric cars… Unless you are a psychic, it is difficult to accurately predict the state of sales in the coming days, weeks, or months.
All positive news is therefore welcome. March was quite a boost for the automotive industry since new car sales increased by 24%. According to AAA DATA, the market recorded 182,712 registrations of new passenger cars (VPN) in March 2023, compared to 147,078 in March 2022.
Unsusprisingly, it was electric cars that drove the sales. They now represent 17% of the new car market, four points more than in March 2022. Gasoline-powered vehicles also perform well with 39% of the French market, followed by hybrid versions (30%), while diesel continues its inexorable decline.
Julien Billon, CEO of AAA DATA, explains: “The technological choice of electric motorization is disrupting the established order among manufacturers both nationally and globally. With the entry of Chinese brands into the French market, the market shares of traditional manufacturers are likely to be fiercely contested.”
Tesla in great shape
The American Tesla is thriving, as evidenced by the data. With decreasing prices and ample stock, sales are soaring. A total of 8,710 registrations were recorded in March 2023. Following are Peugeot (4,033 registrations), Renault (3,681 registrations), Dacia (3,481 registrations)… and Chinese MG (1,475 registrations).
The used car market drops
Buyers’ uncertainty about low-emission zones (ZFE) is pushing the used car market downward. It saw a decline of 4.7% in March 2023, with 482,428 registrations. Vehicles less than five years old, which account for 31% of the market, are the most affected (-11%). Vehicles aged 5 to 10 years (21% of the market) declined by 1.5%, and those over 10 years old (47% of the market) decreased by 1.3%.
Source: AAA DATA
Read also: New cars: Chinese model sales explode!
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