PARIS Jan 9 PSA Peugeot Citroen said
vehicle deliveries slumped 16.5 percent last year as the
struggling French automaker lost ground in its home European
The group's global sales volume dropped to 2.97 million
vehicles in 2012 from 3.55 million a year earlier, weighed down
by the collapse of demand in southern European markets, the
company said in a statement on Wednesday.
"PSA Peugeot Citroen has felt the full force of the
sustained decline in Europe's automobile markets," brands chief
Frederic Saint-Geours said in the statement.
Paris-based Peugeot forecast a further 3-5 percent decline
for the European market in 2013 but gave no sales objective.
Sales in China, where the carmaker is adding production with
a second joint venture, advanced 9.4 percent to 442,000 vehicles
last year. Peugeot also reiterated its goal of achieving at
least half of its sales outside Europe by 2015.
(Reporting by Laurence Frost; Editing by James Regan)