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Statistics
major automobile manufacturers worldwide.
Excluding the effect of this change of
presentation and based on a comparable
scope of consolidation, sales rose 13.7%
compared with 2000.
2.2. Sales by business - manufacturing
and sales companies
The contribution of the manufacturing
and sales companies to consolidated sales
breaks down as follows:
(in millions of euros) 2002 2001 2000
Automobile 43,951 41,524 37,436
Transportation and Logistics 2,646 2,643 2,329
Automotive Equipment 9,866 9,611 5,840
Other businesses 1,003 976 983
Inter-company eliminations (4,560) (4,466) (3,610)
Total PSA Peugeot Citroën 52,906 50,288 42,978
Automobile division sales totaled €43,951
million, up 5.8% on 2001. Peugeot and
Citroën’s global sales volume expanded by
4.3% to 3,267,500 vehicles and CKD units,
a total in line with the 3.25 million unit target
announced by the Group in February 2002.
In 2001, the division’s sales climbed 10.9%
(13.9% based on comparable presentation
methods), reflecting 11.3% volume growth
to 3,132,800 units.
In Western Europe, a total of 2,557,000
passenger cars and light commercial
vehicles were sold in 2002, compared
with 2,545,500 in 2001. The modest
increase was achieved in a market down
3%, leaning towards the low-end of the
scenarios envisaged by the Group at the
start of 2002 when forecasts ranged from
flat to a 4% decline. The higher volumes
boosted the Group’s market share to
15.5%, from 15% in 2001 and 13.7%
in 2000. This performance consolidated
PSA Peugeot Citroën’s position as
Europe’s second largest carmaker and the
number one manufacturer of light
commercial vehicles. Highlights of the year
included the successful launch of the
Citroën C3 and C8, the Peugeot 307 SW,
206 SW and 807, restyled versions of the
Peugeot Partner and Boxer and the
Citroën Berlingo and Jumper. Sales of the
Peugeot 307 increased sharply, and
demand for the Peugeot 206 and the
Citroën Picasso remained strong. Sales of
all the Group’s model ranges were
boosted by the continuing success of the
common rail high-pressure direct injection
(HDI) diesel engine, including the new
1.4-liter turbo-charged version launched
in 2002. Diesel-powered passenger car
sales climbed 9.5%, fueling a further rise
in the Group’s share of this market
segment to 18.9%.
Outside Western Europe, sales of Peugeot
and Citroën cars and CKD units expanded
by 21% to 710,500 units from 587,300
the previous year, building on the 22.5%
gain in 2001. Volumes were higher in all
strategic geographic markets. In Central
and Eastern Europe, including Turkey, sales
rose 24.9% to 168,700 units, delivering
significant market share gains in last year’s
slightly more buoyant market in Poland
and Turkey, as well as in the region as a
whole. In Latin America, Group sales
increased 1.3% to 109,300 units despite
the collapse of the Argentina market and
weaker demand in Brazil. The performance
was led by a 33.7% surge in sales (to 63,700
units) in Brazil, where the Peugeot 206 and
Citroën Picasso have been produced locally
since summer 2001. In China, where the
market soared 53% to 1,098,200 units, the
Group raised its sales volume by 57.3% to
85,500 cars, thanks in particular to the
success of the Citroën Elysée, the launch of
the Citroën Picasso and the first local sales of
Peugeot models. Lastly, sales of CKD units
to Iran for local assembly by Iran Khodro
and Saipa totaled 156,500 units, an increase
of 46.7% on 2001.
Sales by the Transportation and Logistics
business inched up 0.1% to €2,646 million.
Based on a comparable scope of
consolidation, the increase was 0.8%. This
subdued growth, on the back of a strong
14.9% rise in 2001 (excluding Transauto-
Stur which was divested in May 2001),
stemmed in part from the lackluster
economic conditions in Europe. In
addition, Gefco adopted a more selective
approach to managing its customer
portfolio, as part of its ongoing drive
to improve profit margins.
Automotive Equipment sales rose 2.7% to
€9,866millionfrom€9,611million in 2001.
PSA PEUGEOT CITROËN - MANAGING BOARD REPORT 99