French Light Commercial Vehicles See Noticeable Drop in March
There were 34,055 new light commercial vehicles in March, representing a 28.60% decrease on the previous year according to the latest figures from Comité des Constructeurs Français d'Automobiles, the Automotive manufacturing association in France.
French Market Mirroring Other European Countries Suffering from Fallout from Ukraine Conflict and Sustained Production Shortages
With 34,055 LCVs registered in March 2022, the segment saw a drop of 13,641 unit sales compared to the 2021 benchmark.. Stellantis scored just under 50% (48.94%) of the market share with 16,614 units, followed by the Renault Group and Citreon with 7,827 and 7,172 respectively.
Looking to the complete figures for the first quarter of 2022, there were 90,724 vehicles registered, which makes for a 24.28% decrease compared to the first three months of 2021 when 119,823 vehicles were sold. This showcases a market finding external factors, including production shortages and production delays and the current conflict in Ukraine affecting market confidence.