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Peugeot sales tumble in China and Europe, while Iran fares better

Reuters  |  PARIS 

PARIS (Reuters) - PSA Group said its vehicle sales rose 2.3 percent in the first half, as the French carmaker's formal return to the Iranian market helped offset a continuing sales plunge in China as well as a weak European performance.The maker of Peugeot, Citroen and DS cars said on Thursday it had recorded 1.58 million sales globally in January-June, up from 1.54 million a year earlier.But PSA's Chinese woes continued, with sales plunging by another 49 percent to just 152,380 vehicles in the period. The year-long slide has prompted a management and distribution shake-up in the region, as ...

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First Published: Thu, July 13 2017. 11:15 IST
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