Renault is to step up used car sales in Spain on the back of slumping demand for new models, a company spokeswoman told just-auto on Tuesday.
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She said new vehicle sales fell 15% to 150,751 units in the first nine months of 2006. Passenger car registrations plunged 18%, she added.
The gloomy numbers come as new car sales fall in Spain as consumers are pinched by higher interest rates.
Last year, Renault Spain saw unit sales fall 1.1% Underlying profits also fell 40% and revenues 1.8% as global demand for the Spanish-made Modus supermini began to falter.
The spokeswoman refused to provide this year’s sales or other financial forecasts. However, in a sign of the dire times, she said Renault plans to expand its used car marketing network “as another alternative to boost sales.”
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By GlobalDataRenault plans to introduce new products next year including the Dacia Logan Break family wagon, the facelifted Twingo mini and the redesigned Laguna.
Renault is one of Spain’s best-performing car brands and its Megane line has led sales here in recent years.
Ivan Castano
