Peugeot drops its 508 sedan and sportswagon from its range

Motor Torque with David Berthon

More on Peugeot, with the local importer announcing it has dropped the Peugeot
508 sedan and sportswagon from its line-up after a major revamp of its model
portfolio moving forward. Dropping plug-in hybrid models in lieu of a new breed
of petrol/electric hybrids and slowing the release of pure electric models due to
poor demand. The Peugeot 508 arrived in 2018, a sedan and sportswagon with
real French style and panache, later introducing plug-in hybrid variants with a
substantial price penalty of around $17,000 over the pure petrol models yet
offering only 55km of pure electric range. Just 53 508 models have been sold this
year and the remaining stock is being sold off at huge discounts. Unfortunately,
customers who paid full price for Peugeot 508 models in the last two years are
going to take a big drop in resale values. I’m David Berthon

See omnystudio.com/listener for privacy information.