Renault sees June recovery in French car sales stretching into third quarter

Renault sees June recovery in French car sales stretching into third quarter

Renault expects a pick-up in the French car market in June, after the country's coronavirus lockdown was lifted, to carry on into the third quarter, the brand's sales chief for France Ivan Segal said on Wednesday.

Renault dealership in Paris
FILE PHOTO: A logo of Renault carmaker is pictured at a dealership in Paris, France June 18, 2020. REUTERS/Charles Platiau

PARIS: Renault expects a pick-up in the French car market in June, after the country's coronavirus lockdown was lifted, to carry on into the third quarter, the brand's sales chief for France Ivan Segal said on Wednesday.

New car registrations in France were up 1.24per cent year-on-year in June, their first rise this year and following a deep slump in May, when dealerships were closed.

Renault in particular benefited from a recovery, with its June registrations increasing by 6.51per cent in France, though Peugeot maker PSA recorded a 9.14per cent year-on-year decline.

Segal told reporters there was still uncertainty about the state of the market in the fourth quarter, however, while the brand is expecting the French car market to fall by 20per cent this year as a whole.

(Reporting by Gilles Guillaume; Writing by Sarah White; Editing by Sudip Kar-Gupta)

Source: Reuters

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