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Renault sees June recovery in French car sales stretching into Q3

Wed 1st July, 2020 8:51am
PARIS, July 1 (Reuters) - Renault  RENA.PA  expects a
pick-up in the French car market in June, after the country's
coronavirus lockdown was lifted, to carry on into the third
quarter, the brand's sales chief for France Ivan Segal said on
Wednesday. 
    New car registrations in France were up 1.24% year-on-year
in June, their first rise this year and following a deep slump
in May, when dealerships were closed. 
    Renault in particular benefited from a recovery, with its
June registrations increasing by 6.51% in France, though Peugeot
maker PSA  PEUP.PA  recorded a 9.14% year-on-year decline. 
    Segal told reporters there was still uncertainty about the
state of the market in the fourth quarter, however, while the
brand is expecting the French car market to fall by 20% this
year as a whole. 

 (Reporting by Gilles Guillaume;
Writing by Sarah White;
Editing by Sudip Kar-Gupta)
 ((sarah.white1@thomsonreuters.com; + 33 (0) 1 49 49 56 85;))
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