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PSA increases its market share by 4.7%

The PSA group sold 1.9 million vehicles worldwide in the first half compared with 2.1 million a year earlier, in a context marked by a sharp decline in sales in China and South America. But despite this decline globally, some markets continue to perform well, like the Middle East/Africa. The PSA Group’s market share increased in the main markets of this region, with an increase of 4.7% in Morocco, 3.5% in Egypt, 2.7% in Algeria and 0.5% in Turkey.

“The evolution of sales is impacted by the shutdown of activities in Iran and the slowdown in the Turkish market (-44.8%),” explains the French manufacturer. With the start of production at the Kenitra plant in Morocco, the Group will be able to produce models that meet customer expectations and serve its commercial ambitions in the region, adds PSA. In Europe, PSA also managed to improve its market share to 17.4%, in a market down 2.4%. Note that sales fell 62.1% in China and 29.3% in Argentina.

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