Renault has posted third quarter Group revenue up 6.7% to EUR8.53bn.

Automotive revenues grew 6.7% to EUR7.98bn, with sales to partners accounting for 4.4 points as production of assembled vehicles increased during the period.

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Despite stable registrations, volumes made a positive contribution of 3.1 points due to a lower reduction in inventory in the independent dealer network during the quarter.

Price increases had a positive impact of 1.1 points and offset in large part the negative 1.3 points currency effect.

Renault is estimating the European market should increase by 5% this year – compared with 3% to 4% as previously expected – but its “main emerging markets should remain adverse and volatile in the fourth quarter.”

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