PARIS, March 1 (Reuters) - French light vehicle sales dropped 18 percent in February, the country’s main CCFA automakers’ association said on Thursday, as economic gloom worsened the fallout from the year-earlier withdrawal of government incentives.
February registrations fell to 196,958 cars and light trucks last month from 239,617 in February 2011, when automakers had delivered a glut of orders placed before the sales subsidies expired.
French car makers PSA Peugeot Citroen and Renault led the February decline, with registrations dropping by a quarter, the CCFA said on Thursday. Volkswagen resisted the market slump with a 5.3 percent dip in sales. (Reporting by Laurence Frost; Editing by James Regan)