7:25:05 AM PST - Tuesday, January 21st, 2020

PSA Group 2019 sales slump 10% after record 2018  

By Editor - Thu Jan 16, 5:04 am

French carmaker PSA Group said on Thursday global sales fell 10% last year to 3.49 million units, compared with a record 3.88 million in 2018, as it suffered from declining volumes in China, the Middle East and Africa. In its European home market, Paris-based PSA’s sales declined by 2.5% in 2019 to 3.11 million vehicles, with its Opel-Vauxhall brand suffering the steepest fall, down 6.4%. In Europe, helped by an increase in sales of light commercial vehicles (LCVs), PSA said in a statement it “maintained its position by achieving a 16.8% market share in a market that was up a slight 1.3%”.

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PSA Group 2019 sales slump 10% after record 2018

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