Decline in New Car Sales Signals Challenges for French Automotive Industry
New car sales in France fell by 3.2% in 2024, raising concerns about the automotive industry’s future as it faces significant challenges, including a shift to electric vehicles and job losses in major companies. While electric vehicle sales also declined, the SUV market showed growth. Economic uncertainties and reduced government incentives further complicate the transition towards electric vehicles amidst upcoming regulatory changes in the EU. Analysts warn that continued declines could lead to significant job cuts across the sector, reflecting an industry ‘at a crossroads.’