Jan. 9 - PSA Peugeot Citroen vehicle deliveries have slumped 16.5 percent as the struggling French automaker loses ground in its home European market and withdraws from Iran. Ivor Bennett reports.
16.5 percent is today's daily digit in Europe - the fall in vehicle deliveries at Peugeot Citroen. The troubled French automaker lost ground in its home market, largely thanks to a collapse in demand in southern Europe. It also withdrew from Iran, where it had sent car kits for assembly. The group's global sales volume dropped below 3 million in 2012 from more than 3.5 million a year earlier. It hasn't given any sales objective yet for this year, but it's predicting the European market will drop a further 3-5 percent. It's market share in Europe also fell half a percent to 12.7. Sales in China did increase. And Peugeot stressed finding new markets was still a priority - it hopes at least half its sales will be outside Europe by 2015.