COMPANIES
Peugeot-Citroën turnaround plan reaps rewards
Local sales of the French brands grow 31% in SA this year in spite of lockdown
10 September 2020 - 05:04
Peugeot Citroën SA (PCSA) has bucked the trend to grow its sales volumes 31% in the first half of the year, against an industry-wide decline of 36% resulting from the Covid-19 crisis.
The growth comes off a low base, with sales of 772 units between January and July this year compared to 591 units in the same period in 2019, but sales would have been much higher if it hadn’t been for the lockdown which saw car dealers closed for several weeks, says Leslie Ramsoomar, who took over from Xavier Gobille as the French importer’s MD in February...
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