Renault has posted first half volume down 6.7% with 1.9m vehicles sold, in a global market which fell 7.1%.
“As expected and with no new products, Groupe Renault maintained its market share in the first half of the year in a market that was in sharp decline,” said Renault sales and regional director, Olivier Murguet.
“This translates into a 6.7% decrease in volumes. In the second half of the year, we will focus on the successful launches of New Clio and New Zoe in Europe, Arkana in Russia, Triber in India and Renault City K-ZE in China.”
Sales remained stable in Europe in a market that fell by 2.5%. In regions outside Europe, the Group’s sales followed the sharply declining global trend.
In the electric vehicle segment, Renault brand sales volumes worldwide increased by 42.9% (more than 30,600 vehicles). In Europe, ZOE saw its volumes increase by 44.4% (25,041 vehicles) and Kangoo ZE by 30.7% (4,653 vehicles).
In the second half of the year, in China, the Group will launch Renault City K-ZE and accelerate its offensive in electric vehicles by investing in JMEV, the 5th largest electric vehicle manufacturer in the country.
Market outlook for 2019:
In 2019, the global automotive market is expected to decline compared to 2018.
The European market is expected to be stable, excluding what Renault refers to as a “hard Brexit,” the Russian market to be down by 2% to 3% and the Brazilian market to grow around 8%.
