With 2.5 million vehicles sold worldwide in 2020 (-27.8% compared to 2019), PSA is doing less well than its French rival, the Renault group.
The verdict is in. Just a few days after the group Renault, PSA has in turn published its sales figures for 2020. The identity of the French manufacturer which sold the most vehicles in the world last year is therefore known.
Some 400,000 vehicles separate PSA from Renault
And this is … Renault! In a context of health crisis necessarily impacting for most car manufacturers, a fortiori for general practitioners, PSA has indeed sold 2,512,475 vehicles worldwide, against 2,949,849 vehicles for Renault (-21.3%). For PSA, this figure represents a decrease of -27.8% compared to 2019.
In detail, PSA delivered 1,118,912 Peugeot (-23%), 717,190 Citroën (-27.5%), 43,686 DS (-29.5%) and 632,687 Opel-Vauxhall (-35%).
PSA sales collapsed in Europe under the effect of Covid-19
Sales fell in particular in Europe (-29.7% to 2.1 million), where PSA made nearly 85% of its deliveries, but also in China (-57.7% to 45,965 units) and Latin America (-29.7% to 95,357 copies). Conversely, they increased in the Middle East-Africa region (+ 20%, to nearly 200,000 units).
Reasons for hope
Despite these performances, PSA is optimistic and retains that its sales “recovered strongly” in Europe during the second half of 2020, increasing by 40% compared to the first six months of the year. Same trend in China. The group also emphasizes maintaining its market share in its main territory, France.
PSA further emphasizes that the Covid-19 crisis was an opportunity for it to develop in e-commerce. He hopes to sell some 100,000 vehicles via this channel by the end of 2021 in Europe, against 40,000 last year.
2021, the year of the merger with FCA
From now on, PSA is turned towards its marriage with Fiat Chrysler Automobiles (FCA), a merger which will give birth to Stellantis, the world’s fourth automaker in terms of vehicles sold, and third in turnover behind the Japanese Toyota and the German Volkswagen.
This new group will have more than 400,000 employees and will bring together no less than 14 brands.
Sources: PSA and AFP
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