Categories: Europe

French gross sales fall 35% in July on chip scarcity, COVID

PARIS — Registrations in France plummeted by about 35 p.c in July from the identical interval a yr in the past, based on knowledge issued by nation’s carmakers foyer, CCFA-PFA.

Registrations had been 115,713 final month, CCFA mentioned.

The French market is up by about 16 p.c over the primary seven months, the affiliation mentioned.

The CCFA mentioned the worldwide chip scarcity and a brand new surge in COVID-19 infections are weighing on the prospects for a powerful rebound in new-car gross sales.

The affiliation at the moment forecasts progress within the vary of 9 p.c to 10 p.c, however that might be revised down.

“We expect it is perhaps tough to realize 1.8 million of gross sales this yr,” a CCFA-PFA spokesperson mentioned on Sunday.

Final yr, French registrations fell to 1.65 million from 2.21 million in 2019 because the coronavirus pandemic introduced automotive factories to a halt.

An absence of essential semiconductors and uncertainty surrounding the novel coronavirus pandemic are affecting most automakers, together with Renault and Stellantis.

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