Summit Notebook

Exclusive outtakes from industry leaders

Peugeot is far too small in China

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There is only one market really booming in the world and that is China, pity Peugeot only has a very small market share there.

Nicolas Wertans, deputy managing director of the Peugeot brand at Europe’s second-biggest carmaker PSA Peugeot Citroen, recently went to Beijing.

“It is the only market that is still booming, at more than 70 percent month-on-month,” he told the Reuters Automotive Summit. “In fact, China came to the rescue of the automotive world,” he said as all carmakers are boosting their sales in that┬ámarket which is set to become the biggest in the world.

But Peugeot is rather small in China, with a market share of just 1.2/1.3 percent.

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