FRENCH auto giant PSA Peugeot Citroen's worldwide sales in 2012 dropped by 16.5 per cent in 2012 due to contracting demand in debt-crippled southern Europe.
The company said the suspension of its activities in Iran had also contributed to the fall.
"PSA Peugeot Citroen recorded worldwide unit sales of 2,820,000 assembled vehicles, down 8.8 per cent.
"Together, sales of assembled vehicles and CKD (completely knocked down) units totalled 2,965,000, down 16.5 per cent," the group said in a statement on Wednesday.
Car sales in France fell 14 per cent last year, according to the country's automakers association.
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