Last fall the financial crisis spread to Europe, automotive manufacturing became subject to impact the first and most important entity economic industry. France Government to stimulate the rapid contraction of the automobile market in the world, pioneered encourages consumers to buy a new "old" policies. The stimulation policy implementation has achieved significant results, on France's economic recovery has played a significant role.
As early as the beginning of December last year, France launched a massive economic stimulus plan, the automobile industry and stimulate is focusing on. According to the law the Government's new policy, any more than 10 years old scrap old cars and buying new displacement small green car receives 1000 Euro bonus. This is for France automobile market stimuli is not obvious at first, but since may start its effect gradually.
In the policy of stimulating, France home car market performance was strong, does not appear in neighbouring countries such as Spain, the United Kingdom as the market prices. In may, June and July, France domestic car market for three months this year than the growth rings in the first seven months of France home new car sales grew by 0.6%.
France car manufacturers because of the "new" policy purchase scrap. This year the first seven months, France local car dealer sales volume grew by 2.1% foreign brand cars in the same period, the sales volume has decreased 1.1% year-on-year.
As one of the pillar industries of national economy, the automotive manufacturing industry's impact on upstream. At the end of last year to year, Reynolds and signs for two cart ' Citroen reduce inventory constantly compression capacity, leading to the upper reaches of the iron and steel, chemicals, auto parts, tires and other corporate layoffs, production. Stimulating policy allows for two cart ' breathing, its upstream industry pressure is reduced, the global steel giant recently restored France part production of blast furnace is a good proof.
France's automobile market stimulation program, including Germany, 13 EU countries began to implement a similar policy. France car with the advantages of small environmental models, exports grew sharply. In the second quarter of this year, France automobile exports ring than large 11.2% in the first quarter also had a sharp decline in automobile export 18.4%. Peugeot-Citroen Automobile Group in the first half of this year to Germany's vehicle export volume increased 36.8%, some vehicle exports even more than doubled.
In the automotive industry, this year's second quarter, gross domestic product (GDP) growth in France was 0.3%, which is four consecutive quarters of contraction after France's economic growth for the first time.
France's new "purchase" waste policy has not set a ceiling stimulation. As of now, France for this policy to pay the price "of" has exceeded expectations, France resulting deficit. But if suddenly cancelled the policy may result in the automobile market of retaliatory atrophy, and have the potential to cause a rise in unemployment. To this end, trade, economic experts and market analysts have argued that the policy can only gradually cancelled will auto manufacturing and upstream industries caused tremendous damage.
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