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Retail news French car sales drop 21.7% in first quarterPARIS: French cars sales fell by 21.7% in the first quarter of 2012, figures from the Committee of French Manufacturers (CCFA) showed on Monday (2 April 2012). Sales fell by 23.5% in March, following drops of 20.7% and 20.2% in February. The sharp drop is in large part explained by strong sales a year earlier boosted to a 10-year high by a French "cash-for-clunkers" scheme that subsidised new car purchases to boost the economy. A total of 507,089 vehicles were sold in the first quarter of 2012, down from 647,454 in the same period a year earlier. French car manufacturers PSA Peugeot Citroen and Renault, which account for over half of the market, each saw their sales plunge by 30%. Foreign car makers overall experienced a smaller drop of 9.3%. Top-end manufacturers BMW and Mercedes were unaffected, posting sales increases of 8.4% and 24.2%. Source: AFP SOURCE I-Net BridgeFor more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions. We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field. Go to: http://www.inet.co.za
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