France is one of the largest car producers in Europe and the industry has been following an upward trend during 2018, with the summer months registered the best results. Car sales also went up during the same months, with passenger and commercial vehicle sales growing the most in the first half of the year. Foreign investors who want to open companies in the automotive industry can rely on our company formation representatives in France for assistance.
This year seems to be one of the best years for the automotive industry with all of its branches. A recent report issued by the association of car manufacturers indicates that new car sales grew by 9% in June, while the first six months of the year brought an overall 5% growth to the industry.
New car registrations have also increased, a total number of 1,19 million passenger and commercial vehicles being registered at a national level. Compared to 2018, last year the total number of the same types of vehicles registered during the same period of time reached 1,13 million. Most of the auto vehicles registered came from French manufacturers, while imported car registrations went down by 4% in the first half of 2018.
Foreign investors can operate in various sectors of the automotive industry and our French company formation agents can help them register their businesses here.
According to the Automobile Manufacturers Committee, automobiles production in France started registering continuous growth in 2013 and ever since it has followed an ascending trend with slight variations over the years.
At the moment, France is a leading automotive constructor at a global level and foreign entrepreneurs who want to operate here can open various types of businesses. Car repair shops, spare parts shops, and spare parts manufacturing businesses are just 3 examples of small businesses which go hand in hand with France’s leading position among world leaders in this industry.
If you are interested in starting a small or medium-sized business in the automotive industry, please feel free to contact our company registration consultants in France for guidance.