Discounting the sales to Iran following the resolution of sanctions, sales by number of vehicles were down by 12.3% over last year for CitroŽn, 46.3% down for DS and 8.3% down for Peugeot. They also reduced the stock in the distribution chain by over 50,000 vehicles. They continued to lose money and sales in China.
In spite of this they made an excellent profit and reported increased gross margins, ahead of plan. This was due to a shift of product mix to new products designed with lower costs, keener purchasing and increased productivity.

One of the mix changes was the growth in sales of the latest Jumper and Expert (their small vans), which may well explain why the importer here is putting new emphasis on commercial vehicles under the CitroŽn brand.

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