Peugeot reports surge in first-quarter sales
Passenger vehicle sales more than tripled in the region
SUV models including the 3008 and 5008 drove growth with sales up 173 per cent and 254 per cent respectively
As Peugeot continues to buck the automotive industry with its strong comeback into the GCC, the French automaker announced positive sales results in its first quarter.
Buoyed by a successful performance to the fourth quarter in 2020, recent figures released by Peugeot indicate an increase of 210 per cent and 420 per cent for its passenger and light commercial vehicle (LCV) segments respectively.
During Q1 of 2021, Peugeot expanded its operations in key markets such as Saudi Arabia, Qatar and Bahrain, growing its customer base and resulting in a significant increase in sales. Its passenger vehicle sales more than tripled, with products such as the 3008 SUV and 5008 SUV driving growth by 173 per cent and 254 per cent respectively and the 508 increasing by 270 per cent.
The Globe and Mail Brendan McAleer Published April 6, 2021
Brendan McAleer/The Globe and Mail
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