Source: Gasgoo Author: Xing Yun
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According to foreign media reports, data released by market research organization Dataforce shows that although the sales of French local brands Peugeot and Citroën have declined. However, thanks to the good sales of brands such as Renault, Fiat and Tesla, France’s new car sales rose for the ninth consecutive month in November, with an increase of 14%.
Renault’s sales boost was helped by a 51 % year-on-year increase in private buyer registrations, which led to a 14 % increase in the brand’s overall sales in France in November. Fiat’s sales in France were up 39 % year-on-year in November, while sales of its sister brand Opel were up 65 %. Other brands with notable sales gains included Tesla (63 %), Skoda (67 %) and Nissan (61 %).
Image source: Renault
Peugeot’s sales in France fell 17 % year-on-year in November as sales to private buyers failed to grow. Citroën’s sales were also affected by a 4.2 % drop in the brand as 6 of the 9 models it sells in France saw sales fall in November.
The data also showed that sales of Chinese-made all-electric vehicles, including the Tesla Model 3, Dacia Spring and MG MG4, achieved a significant rise in France in November. Chinese-made electric vehicles have done well in France ahead of the country’s new rules favouring locally and European-made electric vehicles.
Tesla promoted its Model 3 model in November. Data released by Dataforce showed that the registration volume of this model in France that month was 89% higher than that of Model Y. This is very different from the situation from January to September this year. In the first nine months of this year, Model Y registrations were more than twice those of Model 3.
After the new regulations are promulgated, approximately 65% of electric models currently on sale will be eligible to continue to receive subsidies. The new rules regulate carbon emissions during the production of electric vehicles, and because China’s auto industry relies heavily on coal for power generation, this means that many Chinese-made electric models will not be able to receive subsidies of 5,000 to 7,000 euros in France.
Now, a third of the country’s incentives are being offered to consumers buying Chinese-made electric cars due to a lack of low-priced European-made electric cars on the market, a French finance ministry official said.
Dataforce analyst Benjamin Kibies said: “With the implementation of the new rules, many of France’s best-selling electric models will disappear from the rankings in 2023.”
