The specter of a possible default of Greece extends its shadow over … the French automotive market. The French Automobile Manufacturers (CCFA) has indeed maintained Wednesday its forecast for an increase of 2% of the French market in 2015, economic uncertainties related to the Greek debt overshadowing the strong registrations in June (+ 15% six month rolling seasonally adjusted)
“ It seems there something up a little foresight, we do not do it today, there is a small too many macro risks, particularly in Greece, not to do so today , “said the president of CCFA, Patrick Blain, during a press conference. “We maintain a cautious forecast market by 2%,” he he said.
new car registrations were up 15% as reported in June France, giving an increase of 6.1% over the first six months of the year. “With 225,645 registrations last month, the French passenger car market grew 15% in raw data (and 4.5% in comparable number of working days or 22 days, against 20 days in June 2014)” , notes the CCFA. In the first half, the market stood at 1.017 million units, up 6.1% on the same number of working days (123 days).
The market for light commercial vehicles, he rose 10.5% in June to 40,906 units (+ 0.4% in comparable number of working days), and 0.8% over six months, to 192,409 units.
Source AFP
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