Toyota expects French new cars and vans registrations to rise by 9% in 2023

Reuters

4 July 2023 at 8:13 am·1-min read

FILE PHOTO: Bangkok International Motor Show

PARIS (Reuters) - The French division of Toyota expects the French market for new cars and vans registrations to grow by 9% in 2023, its CEO Frank Marotte said on Tuesday, pointing to a decrease in orders linked to rising interest rats after a stronger first half of the year.

"What we saw in the first half in terms of registrations looks unlikely to continue in coming months, and we're probably going to see a less favourable level of registrations," he said.

In the first half of the year, registrations of new cars and vans grew by 13% to 1.1 million units, according to industry body Plateforme de la filiere automobile (PFA).

(Reporting by Gilles Guillaume; Editing by Estelle Shirbon, Charlotte Van Campenhout)

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