2023-11-02 07:08:54
Margaux Fodéré // Photo credit: Frank Hoermann / SVEN SIMON / SVEN SIMON / dpa Picture-Alliance via AFP
Little by little, the French automobile market is regaining color. In October, registrations of new private vehicles experienced a spectacular rebound: +22% compared to October 2022, according to the Automobile Platform, the organization which represents manufacturers and equipment suppliers in the sector.
Catch-up effect
Thus, for the second month in a row, more than 150,000 new car registrations were recorded in France in October. If many registered vehicles still run on gasoline, electric and hybrid vehicles continue to gain market share.
For Arnaud Aymé, transport specialist at Sia Partners, this good dynamic is above all a sign of catching up. “Since immediately following Covid-19, shortage problems had appeared. And the result was that deliveries of new vehicles were slow. Today, the shortages are being resolved and deliveries from manufacturers can resume “, he underlines at the microphone of Europe 1.
Reluctant businesses and individuals
But this improvement is likely to be short-lived. Because in the dealerships, orders are slowing down. Companies, which represent almost half of the market, are restricting their budgets. “We have an economic slowdown which is quite marked and it is true that in this uncertain context, companies tend to want to postpone the renewal of their automobile fleet,” worries Flavien Neuvy, director of the Cetelem Observatory of Automobile.
And the trend is not better among individuals. Petrol, diesel, hybrid, electric… The French take the time to choose the engine that best suits their use and future regulations in urban areas, before making a purchase. Especially since the explosion in the price of new cars is not pushing buyers to rush.
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