PARIS — PSA Group reported a rise in third-quarter revenue on strong demand for its pricier utility vehicles, but the automaker said overall vehicle sales fell, and it lowered outlook for major auto markets.
Revenue for the July to September period rose 1 percent to 15.6 billion euros ($17.3 billion), PSA said in a statement on Wednesday.
Sales of larger and more profitable utility vehicles such as the the Peugeot 508 and Citroen C5 Aircross helped to improve its product mix and offset headwinds including unfavorable currency swings, the company said.
Global vehicle unit sales fell 4 percent to 674,500, hurt in part by weakening performance in Europe.
PSA said it expected the broader auto market to shrink this year in all major markets, including in Russia, where it had previously projected growth.
PSA has managed to avoid the worst of the slowdown gripping the industry by introducing revamped models and riding the wave of demand for crossovers and SUVs.
It has also stuck to…