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Renault group revenue increased 13.7% in the first quarter

By Swati Sanyal Tarafdar,

Added 24 April 2015

In a global automotive market up 1.7 per cent, Renault group registrations increased 0.8 per cent to 641,588 units

Renault group registrations increased by 0.8 per cent to 641,588 units

In Europe, Group registrations increased 9.9 per cent in a market up 8.9 per cent, taking a market share of 9.8 per cent. The Renault brand grew 11.8 per cent, supported by Clio 4, Captur and Twingo, up 17 per cent, 27 per cent and 40 per cent respectively.

The Dacia brand recorded a 4.3 per cent growth in sales, thanks to the continued success of Duster and Dokker.

In France, the Group's biggest market, registrations increased by 3.1 per cent in the period, to 150,179 vehicles, Renault brand sales, up 7.1 per cent, contributing to this growth. Dacia brand sales, however, decreased 12.6 per cent due to the high 2014 Q1 basis of comparison, that followed the launch of Duster Phase 2 at the end of 2013.

Southern Europe recovered strongly, particularly in Spain, where registrations increased 44.9 per cent, with a market share reaching 11.9 per cent. Sandero remained market leader for vehicles sold to private customers. In Italy, the Group's third market, registrations increased by 28.3 per cent to 41,752 units in a market up 12.6 per cent. Clio was the best-selling imported vehicle in Italy.

In Great Britain, the Group continued to gain market share, posting an increase of 18.0 per cent in registrations, in a market up 8.4 per cent.

Outside Europe, emerging markets continued to experience turbulence during the first quarter: registrations decreased from 43 per cent of total sales in Q1 2014 to 38 per cent in Q1 2015.

In the Americas, Brazil, second biggest market in registrations, fell by 16.1 per cent. However, the Group's market share increased by 0.1 points to 6.8 per cent, despite a 15.3 per cent decrease in registrations.

In Argentina, the market continued declining, posting a 27.6 per cent drop. Renault's registrations fell 52.7 per cent, as a decision to limit the Group's financial exposure to the Argentinean Peso.To prepare the future, a USD 100 million investment plan was announced, with the intention to produce Logan and Sandero locally and to improve financial flexibility.

In Eurasia, the Group's two major markets moved in opposite directions. In Russia, Group registrations fell by 40.7 per cent against a market decline of 36.3 per cent. This decline was the result of a decision to preserve profitability, leading to production cuts during several weeks.

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