It is non-disputable worldwide the most common mode of commuting is by road. This, of course, among other reasons is because it is accessible, convenient, cheap and easy to privatize.
In that regard, the automobile industry has been booming for quite a long time now. For precision and clearance of any doubts, an automobile in this writing is in reference to a passenger vehicle.
France is among those states that have had great investment and success in this particular sector for ages.
With tech-savvy and fintech evolutions the sector has grown beyond borders. This technological advancement serves to improve both the features of the automobile itself and the interaction between the automobile company with its clients.
In relation to client interaction for example, before a potential customer can purchase any vehicle or engage in such related spending, they can read honest reviews online. One such site is Amon Avis with reviews on automobile companies in France.
If you happen to be looking to get new auto parts, you can read customer feedback about piecesautostore to see whether or not it is a trustable company.
This is just to enhance customer satisfaction and prevent consumers from falling victim to very bogus deals.
Below is what you should know about the French automobile Industry.
1.It is a very high employment sector.
A report in 2021 shows that there has been a downward surge in the employment of staff in the automobile industry for the first time since 2008.
Unfortunately, this is attributable to the COVID-19 pandemic that has been a menace since December 2019.
But even with that said, this sector has supported over 100,000 jobs in the last decade.
An estimation of the people working in the sector from 2013 to 2019 in a report suggests that the industry rose from 201,000 people in 2013 to nearly 225,000 in 2019.
That means that the country saw the workforce increase by 23,000 new employees in a span of about 7 years.
Another research suggests about 700,000 employees work directly or indirectly in conjunction with the automobile sector which generates 43 % of the country’s export revenues.
Further, this is the country’s economic sector with the highest number of patent applicants. This sector clearly runs to the core of France’s economy.
2.It houses some of the most popular automobile brands.
A survey suggests that about 25% of the cars driven in Europe are cars made and manufactured in France.
Brand wise there are some exceedingly conspicuous models with high sales whose aura is luxuriously French.
Peugeot and Renault are the top two most known brands in France. Though the automobile market in June 2021 fell by 14.7% from the previous month, these two brands reported an increase in sales.
Peugeot did better of the two brands with a 28.1% increase while holding 17.8% market share and Renault, though paltry, grew by 4.3%.
These brands have their products all over the world today. Other renowned brands include Citroen/DS, Bugatti and Alpine. Some of these rides are not even bought to commute.
They are just bought for prestige and the feel-good impression.
France models deliver to the customer in regards to their requests. The thing is, some of these models are worth bragging about.
This can be seen even on review websites like Amon Avis. In France 2020, amidst the pandemic, 1.7 million passenger cars were registered.
This shows the sector survives amidst the worst economic turmoil and has the potential to thrive under normal circumstances.
3.France highly invests in new technological advancements in the automobile industry
France is among the European nations with a high affinity for creativity in the automobile sector.
It is amicably accommodating to new trends that are in tandem with electrification, automation, connectivity and other related improvements to the industry.
The main objective is to have sustainable evolution where there is increased luxurious, comfy and convenient vehicles with little to no negative collateral effects such as pollution.
The country for example has established over 27,000 charging points to support vehicle electrification.
The electric battery and hybrid cars in France have increased from 2010 to date with over a 2.1 % rate.
In a 2019 survey, France represented nearly 14 % of the European Union Electric vehicle market and was third after Germany and the United Kingdom to gunner the highest electric car registrations.
This has not changed as the dream in France is to have about 26% of car production in Europe dedicated to conventional vehicles. (non-electrical.)
A strong focus is also dedicated to creating self-driving cars and cars with high connectivity to their environment to avoid accidents.