France Is Going Down On Us

If anyone is hoping for a turn-around of the European car market, be it Opel, PSA, or Pch101, January definitely was not the month it happened. Some people, who get paid a lot of money for a very long-term vision, believe we have to wait years for the turn-around. The French car market dropped  15 percent in January, with "Volkswagen and U.S. carmakers leading the drop," Reuters reports. Massive sales subsidies of 2,000 euros ($2,700) per car, reintroduced in October in Spain,  could not reverse the Spanish market. It dropped 9.6 percent. In France, sales of PSA Peugeot Citroen, were down 16.7 percent.  PSA's partner GM "fared worse," says Reuters. Combined French registrations by General Motors dropped 21.2 percent. Ford sales plummeted 35.3 percent in France. Volkswagen group sales  were down 23.9 percent. Renault did beat the market with only a 7.4 percent drop. Reuters says this was due to "a 9.9 percent gain for its low-cost Dacia brand, as scarce buyers gravitated to "crisis cars" such as the no-frills Sandero compact and Duster SUV." Germany will publish sales on Monday. from The Truth About Cars http://www.thetruthaboutcars.com

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