Iranian market’s contribution in PSA’s growth

After the nuclear-related sanctions on Iran were lifted in 2016, French carmakers managed to resume their activities in the country almost immediately.

This week, Reuters reported that French carmaker PSA’s (PEUP.PA) global sales jumped by 15 percent last year as strong growth in Iran and Latin America helped to offset difficulties in Britain and China.

PSA sold 444,600 vehicles in Iran last year, says the report; equivalent to 12.2 percent of the total vehicles sold in 2017; i.e. 3.6 million vehicles. Although there is no year-on-year record for Iran but the sales statistics show 12 percent growth in Latin America.

See the original article: French carmaker PSA’s sales lifted by growth in Iran and Latin America