French Commercial Vehicle Market Starts 2022 with 19.1% Drop on 2021 Levels
After seeing a 7% increase in registrations for 2021, the market for light commercial vehicles below 5.1 tonnes has seen a 19.1% year-on-year drop, with 28,201 registrations in January 2022, against 34,848 vehicle units in January 2021, in figures from Comité des Constructeurs Français d'Automobiles, the Automotive Manufacturers Association in France.
Drops in Sales for Major Manufacturers Show Market Still Volatile
Although last year saw an increase in the total number of sales than 2020, the last half of the year saw various declines in sales. Looking to the major manufacturers, Stellantis saw sales dip from 14,318 in January 2021 to 12,184 units this past January, a 14.83% drop. The Renault Group also saw a drop, from 11,918 units in January 2021 to 7,963 in January 2022, a 33.19% drop.
With external factors, such as semiconductor shortages affecting market confidence, industry insiders will hope for a change in fortunes going forward.