The French auto-industry did not bounce back from the 1929 economic crash with the same vigour as that experienced in Germany and Britain, but in 1938, with approximately 224,000 passenger cars sold, the car market finally matched the level last reached in 1928. For the second tier automakers trying to compete for sales with the market leaders in the small and midsize automobile categories, the news was less encouraging: the 1,972 Licorne cars produced in 1928 had equated to 0.88% of the French auto-market, while the 688 Licorne cars produced in 1938 represented just 0.31% of the market total.