Peugeot owner's sales jump 38% after Opel's deal

PSA, the French owner of the Peugeot, Citroën and DS car brands, achieved a 38% jump in sales in the first half, led by the sale of new products in Europe.

The Paris-based company said Thursday that global sales reached a record 21.8 million vehicles compared with the same period last year, thanks to the acquisition of the company. Opel-Vauxhall from General Motors last year and on sale of SUV.

The group's share of the European SUV market has increased significantly this year: the SUV offensive, which saw the launch of 13 SUVs across all of its five brands, saw sales climb to more than 609,300 over the period. percent of the group's total business figure.

Of all types of vehicles sold in Europe, consolidated sales increased 62%, of which nearly one-third were Opel-Vauxhall vehicles. PSA's European leader said Thursday that the group's dependence on the European market is a strength and reduces exposure to trade barriers.

However, the number of vehicles sold in the Middle East dropped by 19%. PSA's decision earlier this year to withdraw from Iran if it could not be guaranteed tight protection against potential US sanctions.

"The first half of the year 2018 confirms the dynamism enjoyed by the Peugeot SUV range.With more than 339'200 units sold worldwide, the brand ranks first in the world. European SUV market, with Peugeot 2008, 3008 and 5008, up 26% over a record year in 2017, "said Peugeot CEO Jean-Philippe Imparato. ] [ad_2]
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