Groupe Renault has posted 2018 sales up 3.2% to 3.9m vehicles, while integrating the Jinbei and Huasong brands, although at 2017 scope, volumes declined by 1.2% in a world market down 0.3%.
In Europe, sales were stable (+0.5%) with the Group pursuing its Drive the Future plan by expanding internationally, with registrations now representing 50.6% of total sales (vs. 49.2% in 2017), thanks in particular to the integration of Jinbei and Huasong brands.
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In Renault brand’s electric vehicle segment, sales increased by 37% during the year, with an acceleration in the second half (+62%). Renault is the European leader with a 22% market share.
In the light commercial vehicle segment, the Group grew by 33.7% (619,229 vehicles). Excluding Jinbei and Huasong, sales increased by 0.9% to 467,042 vehicles.
Groupe Renault is targeting a slight growth in sales in 2019, with an acceleration in the second half of the year thanks to the launch of new international models and New Clio, the Group’s flagship model in Europe, which will be unveiled at the Geneva Motor Show.
“Groupe Renault sales increased by 3.2% in 2018, with the integration of the Jinbei and Huasong brands,” said Groupe Renault Sales and Regions EVP, Olivier Murguet.
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By GlobalData“The Group’s sales growth in Russia, Brazil and Africa offset almost all of the economic and geopolitical headwinds outside Europe.”
