Skip to main content
Sister Publication Links
  • Automotive News
  • Automobilwoche
  • Automotive News Canada
  • Automotive News China
Subscribe
  • Subscribe
  • Newsletters
  • Login
  • HOME
    • Latest news
    • Automakers
    • Suppliers
    • New Product
    • Environment/Emissions
    • Sales By Market
    • On The Move
    • Auto Shows
    • Munich Auto Show
    • Geneva Auto Show
    • Paris Auto Show
    • Beijing Auto Show
    • Shanghai Auto Show
  • Features
    • Long Read
    • Interview of the Month
    • Focus on Electrification
    • Focus on Technology
    • Segment Analysis
    • Cars & Concepts
    • Supplier Spotlight
    • Europe By The Numbers
  • Opinion
    • Blogs
    • Commentary
    • Guest columnists
  • Photos
    • Photo Galleries
    • Geneva Photo Gallery
    • Beijing Photo Gallery
    • Frankfurt Photo Gallery
    • Paris Photo Gallery
    • Shanghai Photo Gallery
  • Podcasts
  • Car Cutaways
  • EVENTS
    • ANE Congress
    • ANE Rising Stars
    • ANE Eurostars
  • More
    • Publishing Partners
    • Social Media
    • Contact Us
    • Media Kit
    • About Us
    • Capgemini: All or nothing: Why circular business models require a holistic approach
    • Capgemini: Invent Head on automotive takeaways from CES 2023
    • Capgemini: Securing the industry's future through a radical rethink
    • Capgemini: Succeeding with the automated driving journey through AI
    • Capgemini: The circular economy is spurring new thinking on EV batteries
    • Capgemini: Toyota and Capgemini leaders on how OEMs can handle industry changes and succeed
    • HEXAGON: Plugging into data is the only way to make winning EVs
    • TUV Rheinland: Ideas, services and certifications for smart mobility
    • TUV Rheinland: Testing of automated and autonomous vehicles on test tracks
    • Toyota Europe
    • UFI Filters
    • Facebook
    • Instagram
    • LinkedIn
    • Twitter
MENU
Breadcrumb
  1. Home
  2. Automakers
January 16, 2020 03:41 AM

PSA sales slumped 10% last year after record 2018

Benoit Van Overstraeten
Reuters
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    PARIS -- PSA Group's global vehicle sales fell 10 percent last year to 3.49 million, down from a record 3.88 million in 2018, as the automaker suffered from declining volumes in China, the Middle East and Africa.

    In its European home market, PSA's sales declined by 2.5 percent in 2019 to 3.11 million vehicles, with its Opel/Vauxhall brand, which dropped its Adam, Karl and Cascada models, suffering the steepest fall, down 6.4 percent.

    In Europe, helped by an increase in sales of light commercial vehicles, PSA maintained its position by achieving a 16.8 percent share in a market that was up a little more than 1 percent, the automaker said in a statement on Thursday. In 2018, PSA's share had jumped 3.8 points versus 2017 to reach 17.1 percent.

    PSA said 2019 was a year of consolidation for its Peugeot marque. The brand's new generations of the 208 and 2008 small cars will support its sales growth in 2020, PSA said.

    Citroen had the strongest growth among the top 12 best-selling brands in Europe in 2020, the company said.

    DS was PSA's only brand to boost sales globally last year, with an increase of 17 percent to 62,512 units. The Peugeot brand saw a fall of 16 percent, Citroen declined 5.1 percent and Opel/Vauxhall fell 5.9 percent.

    PSA's best-selling models recorded sales declines.

    The Peugeot 208 small hatchback, the brand's best-seller, fell by 5.9 percent to 277,562; the second-ranked 3008 compact SUV fell by 8.6 percent to 242,332; the Citroen C3 small hatchback was down by 4.1 percent to 241,092; and the Opel Corsa small hatchback fell by 2 percent to 230,971.

    Big gains for established models included a jump of 126 percent for the Opel Combo small van, which relaunched on a PSA platform, to 64,009 sales; and the Peugeot 508 midsize sedan and station wagon, up 245 percent to 59,967, also with the launch of a new generation.

    PSA's sales in China plunged 55 percent to 117,084 vehicles, well below the 1 million-a-year target it had set itself a few years ago.

    Sales volumes were also down 23 percent in a contracting Latin American market and 44 percent in the Middle East-Africa region, punished by the group's forced withdrawal from Iran under threat of U.S. sanctions.

    The company gave no sales forecasts for the current year.

    PSA and FCA said last month they had agreed on a binding merger in a $50 billion deal that will pave the way to the creation of the world's fourth-largest automaker.

    PSA's French rival Renault is due to publish its 2019 global sales on Friday.

    Automotive News Europe contributed to this report

    RECOMMENDED FOR YOU
    VW's potential battery IPO attracts high investor interest, top shareholder says
    Recommended for You
    VW Battery production
    VW's potential battery IPO attracts high investor interest, top shareholder says
    cupra-born_01.jpg
    VW's Cupra brand weighs entering U.S. market with larger EVs
    The Ford Mach-E
    Ford expects to lose $3B on EVs this year
    Sign up for free newsletters
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    Get Free Newsletters

    Sign up and get the best of Automotive News Europe delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    SUBSCRIBE TODAY

    Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that’s vital to your business.

    SUBSCRIBE NOW
    Connect with Us
    • Twitter
    • Facebook
    • LinkedIn
    • Instagram

    Founded in 1996, Automotive News Europe is the preferred information source for decision-makers and opinion leaders operating in Europe.

    Contact Us

    1155 Gratiot Avenue
    Detroit MI  48207-2997
    Tel: +1 877-812-1584

    Email Us

    ISSN 2643-6590 (print)
    ISSN 2643-6604 (online)

     

    Resources
    • About us
    • Contact Us
    • Advertise with us
    • Advertise with Us
    • Ad Choices Ad Choices
    • Sitemap
    Awards
    • Rising Stars
    • Eurostars
    • Leading Women
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Automotive News Europe
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • HOME
      • Latest news
      • Automakers
      • Suppliers
      • New Product
      • Environment/Emissions
      • Sales By Market
      • On The Move
      • Auto Shows
        • Munich Auto Show
        • Geneva Auto Show
        • Paris Auto Show
        • Beijing Auto Show
        • Shanghai Auto Show
    • Features
      • Long Read
      • Interview of the Month
      • Focus on Electrification
      • Focus on Technology
      • Segment Analysis
      • Cars & Concepts
      • Supplier Spotlight
      • Europe By The Numbers
    • Opinion
      • Blogs
      • Commentary
      • Guest columnists
    • Photos
      • Photo Galleries
      • Geneva Photo Gallery
      • Beijing Photo Gallery
      • Frankfurt Photo Gallery
      • Paris Photo Gallery
      • Shanghai Photo Gallery
    • Podcasts
    • Car Cutaways
    • EVENTS
      • ANE Congress
      • ANE Rising Stars
      • ANE Eurostars
    • More
      • Publishing Partners
        • Capgemini: All or nothing: Why circular business models require a holistic approach
        • Capgemini: Invent Head on automotive takeaways from CES 2023
        • Capgemini: Securing the industry's future through a radical rethink
        • Capgemini: Succeeding with the automated driving journey through AI
        • Capgemini: The circular economy is spurring new thinking on EV batteries
        • Capgemini: Toyota and Capgemini leaders on how OEMs can handle industry changes and succeed
        • HEXAGON: Plugging into data is the only way to make winning EVs
        • TUV Rheinland: Ideas, services and certifications for smart mobility
        • TUV Rheinland: Testing of automated and autonomous vehicles on test tracks
        • Toyota Europe
        • UFI Filters
      • Social Media
        • Facebook
        • Instagram
        • LinkedIn
        • Twitter
      • Contact Us
      • Media Kit
      • About Us