14 July 2011

Peugeot-Citroen Still Sees 2011 Europe Auto Market In Line With 2010

Peugeot-Citroen Still Sees 2011 Europe Auto Market In Line With 2010 ; -French auto maker PSA Peugeot-Citroen still expects the European automobile market to be similar in size to that of 2010 after a 0.8% decline in the first six months, a senior executive said Tuesday.

Jean-Marc Gales, head of the Peugeot and Citroen brands, said the company expects the Chinese market to grow 10% in 2011, and now expects Latin America will see an increase of between 5% and 7%, compared with a previous forecast of a 4% increase. Russia should see automobile sales growth of between 30% and 35% following a 57% surge in the first half, he said.

tag ; European automobile market 2011, European automobile market predictions 2011, Europe Auto Market, automotive market trend, Rusia automobile market, Chinese market forecast 2011, Chinese market prediction 2012, Chinese auto market 2011


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