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PSA sales rise

PSA Peugeot Citroën has reported a continued sales growth for new vehicles sold in the first six months of 2004, with 1,743,000 units sold worldwide - a year-on-year increase of 3.2%.

Of these, 1,021,000 Peugeots and 722,000 Citroën. PSA says this puts the group on track to achieve its objective of a “modest” increase in full-year sales.

In a European market for passenger cars and light commercial vehicles that rose by 3.7% during the first half, registrations of PSA Peugeot Citroën vehicles declined by 1.7% to 1,324,000 units.

For the period, the group’s share of the European market stood at 15% (8.1% for Peugeot and 6.9% for Citroën), compared with 14.8% in the second half of 2003. These results are in line with the group’s forecast of stable sales in Europe in the first half of 2004, in the run-up to new vehicle launches.

In the UK, where the market expanded by 3%, group registrations decreased by 8.6% to 171,000, versus 187,000 for the first six months of 2003, for a market share of 11.1%. PSA Peugeot Citroën enjoyed a record second quarter.

Sales accelerated sharply, totalling 917,000 units for the period, a 6% increase over the second quarter of 2003, on the back of new product launches.

June 30, 2003 June 30th, 2004
Western Europe Peugeot 725,300 Peugeot 690,000
Citroen 601,700 Citroen 585,000
Total PSA 1,327,000 Total PSA 1,275,000
Outside Western Europe Peugeot 238,100 Peugeot 331,000
Citroen 124,100 Citroen 137,000
Total PSA 362,200 Total PSA 468,000
Total Peugeot 963,400 Peugeot 1,021,000
Citroen 725,800 Citroen 722,000
Total PSA 1,689,200 Total PSA 1,743,000

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