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FRENCH CAR MARKET AT LOWEST LEVEL SINCE ’75

SHARE FRENCH CAR MARKET AT LOWEST LEVEL SINCE ’75

The French automobile market in 1993 dipped to its lowest level since 1975 as the country's economy continued to worsen.

The French automaker's council said Tuesday that registrations of new cars fell by 18.3 percent to 1.7 million cars in 1993. That compares to 2.1 million in 1992.The drop in registrations, essentially a measure of car sales, reflects the continued economic slowdown in France, high interest rates for consumer credit and fear of job loss.

French automakers held 60.3 percent of the domestic market in 1993, compared with 59.8 percent in 1992.