The French Car Market Is Likely To Fall To Its Lowest Level In 45 Years

The French Car Market Is Likely To Fall To Its Lowest Level In 45 Years

The French car market is likely to fall this year to its lowest level in 45 years. This was stated on Tuesday by the Association of French Car Manufacturers (CCFA). The CCFA has maintained the original forecast, according to which the car market will record a decline of 25 to 30 percent this year, although according to its spokesperson, it should be close to the lower limit of the estimated range. That means a market decline of about 26 percent, Reuters reported. However, it is still the weakest level since 1975. "We do not yet know how December will develop," said CCFA spokesman Francois Roudier. However, he added, a catastrophic scenario with a 30 percent market slump should not be imminent. In November, 27% fewer cars were sold in France than in the same month last year. On the one hand, sales outlets had to close as a result of anti-pandemic measures, and on the other hand, the mood of consumers dropped significantly, preferring to postpone the purchase of more expensive items due to the possible loss of employment.