Peugeot Sales Fall on Account of European Financial Crisis -- City
LONDON -- (Marketwire) -- 01/09/13 -- City Index UK - Shares in
Peugeot have fallen in Paris this morning (January 9th) after the
carmaker reported that its global sales figures dropped sharply on
account of the weak European economy.
The company claimed "the crisis affecting the European automobile
market" was to blame for its 16.5 per cent fall in worldwide demand,
with its continental market sales slowing by 8.6 per cent.
See full article: Peugeot sales fall on account of European financial
Over the course of 2012, Peugeot sold 2.9 million vehicles
internationally, but this is a significant drop from the previous
year's 3.5 million.
In its home nation of France purchases decreased by 13.3 per cent,
while in Spain and Italy sales plunged by 14.9 per cent and 20.9 per
However, it did see demand increase in some markets including Russia
(10.1 per cent), China (7.2 per cent) and Latin America (5.6 per
At 10:00 am GMT, shares in Peugeot slipped by 1.8 per cent to EUR
6.10 per unit.
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