French car market stays on growth path with slight rise in May sales
PARIS (Reuters) -- French new car sales inched 0.1 percent higher in May, led by domestic automaker Renault.
Total registrations advanced to 148,573 cars last month from 148,490 in May 2013, the Paris-based CCFA industry association said in a statement today.
The CCFA said it could raise its 1 percent growth forecast for the French market for 2014 next month. Five-month sales are up 3 percent to 740,121.
Renault group car sales rose 9 percent in May, including an 11 percent gain for its no-frills Dacia unit. Renault brand sales increased by 8.5 percent.
Domestic rival PSA/Peugeot-Citroen posted a 4 percent gain, while German group Volkswagen saw registrations advance 1 percent.
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