FILE PHOTO: A PSA Group logo is seen behind a car displayed during French carmaker’s news conference as they announce the company’s 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann/File Photo
PARIS (Reuters) – French carmaker PSA Group (PEUP.PA) said its vehicle sales fell 12.8% in the first half as weakening emerging markets weighed heavily on overseas operations.
Sales fell to 1.9 million light vehicles in January-June, the Peugeot maker said on Monday, from 2.18 million a year earlier.
While eking out a 0.3% gain in Europe, its biggest market by far, PSA suffered sharp declines almost everywhere else, with China sales slumping a further 60.6% and Latin America down 29.3%, the company said.
Reporting by Laurence Frost; Editing by Sudip Kar-Gupta