French carmaker PSA Group's vehicle sales fell 12.8% in the first half as e...
FILE PHOTO: A PSA Group logo is seen behind a car displayed during French carmaker's news conference as they announce the company's 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann/File Photo
Sales fell to 1.9 million light vehicles in January-June, the company said on Monday, from 2.18 million a year earlier. In Europe, its biggest market by far, PSA eked out a 0.3% gain in sales that lifted its share of an automotive market down 2.5% overall. The Opel-Vauxhall business acquired from General Motors in 2017 also gained ground in the region.
PSA recorded sharp declines almost everywhere else, however, with deliveries down a further 60.6% in China, where the group has suffered a protracted sales collapse at its joint ventures with local manufacturers Dongfeng and Changan.
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