PSA Group 2019 sales slump 10% after record 2018

  • Date: 16-Jan-2020
  • Source: Reuters
  • Sector:Transport
  • Country:GCC
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PSA Group 2019 sales slump 10% after record 2018

In its European home market, Paris-based PSA's sales declined by 2.5% in 2019 to 3.11 million vehicles, with its Opel-Vauxhall brand suffering the steepest fall, down 6.4%.. According to figures published by the European Automobile Manufacturers Association (ACEA), PSA was outperformed by Volkswagen Group ( VOWG.DE ) and Renault ( RENA.PA ) in the European passenger car market.. The brand completely renewed its B-segment offering to support its sales growth in 2020," PSA said in its statement, referring to its small passenger car line-up, adding "Citroen had the strongest growth among the top 12 best-selling brands in Europe".. PSA's sales in China fell a hefty 55.4% to 117,084 vehicles, a mere 10th of the 1 million-a-year target it had set itself a few years ago..