FRANCE: Renault posts healthy global first-half results
. Sales increased 21.6% on the world market, a rise of 16.0%. Market share rose to 3.9%
. Increased market share in 12 of 15 main markets
. Renault brand increased 19.9%, Dacia 18.2% and Renault Samsung Motors 61.0%
Renault has posted half-year global results that saw the automaker increase sales by 21.6% and increase market share to 3.9%.
The manufacturer says all brands contributed to the rise in Group sales, with increased market share in 12 out of its 15 main markets.
Renault brand sales increased 19.9%, Dacia 18.2% and Renault Samsung Motors 61%.
"We are pleased with the results for first-half 2010," said EVP sales, marketing and light commercial vehicles Jerome Stoll. "The Renault group is increasing sales volumes and market share across all its regions and for all three brands, Renault, Dacia and Renault Samsung Motors.
"These results can be explained primarily by strong market momentum set up by the renewal of product ranges across all three brands and also by the measures put in place to support the automotive market, of which the Group has taken full advantage."
In the passenger car (PC) and light commercial vehicle (LCV) market, the Renault Group increased sales 21.6% worldwide in the first-half of 2010, with 1.35m vehicles sold and market share up 0.2 points to 3.9%.
The Renault Group sold 1.19m PC vehicles - a rise of 22.2% with the global market up 15.2%. The Group had market share of 4.5%, up 0.3 points.
Renault added the first half of 2010 included the launch of new products across all Group brands: New Mégane Coupé-Cabriolet and Fluence cars and New Master LCV for Renault, Duster for Dacia, and a new SM5 for Renault Samsung Motors.
For the full half-year results please click here: http://www.press.renault.co.uk/Corporate/ce366ce6-7af3-4d85-be99-214b97bb755e.aspx