Peugeot First-Half Sales Drop 9.8% on European Decline
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PSA Peugeot Citroen, Europe’s second-biggest carmaker, reported a 9.8 percent drop in first-half vehicle sales because of slumping demand in its home region and the end of component-kit deliveries to Iran.
The company is counting on demand from China, Argentina and Algeria for the 2008-model crossover and 208 hatchback to lead to better performance in the second six months of the year, Maxime Picat, head of the Peugeot brand, said today at a Paris press conference. First-half group deliveries dropped to 1.46 million cars, sport-utility vehicles and vans from 1.62 million units a year earlier, the company said.