FRANCE: Renault expects sales growth acceleration in H2

By Dave Leggett | 8 July 2015

Renault expects to see an acceleration of its global sales based on continued recovery to the European car market and a raft of new models, in spite of sluggish sales in its major emerging markets.

The company said that in the second half of the year, the European automotive market should "remain buoyant and continue to offset the decline in our major emerging countries".

It also said the group should benefit from the effect of recent launches, primarily Espace and Kadjar, which it says were very well received by the market, and of Lodgy and Kwid in India.

"After three years of steady growth, we reiterate our ambition to reach a new milestone this year. The strengthening of our positions in Europe, combined with the many products launched in 2015, confirm our ability to speed up growth in the second half of the year," said Jérôme Stoll, member of the Executive Committee, Chief Performance Officer and Renault Group Sales and Marketing Director.

Half-year sales figures for the group show that overall global vehicle sales increased slightly at nearly 1.4m vehicles. Renault said that in Europe, in a market up 8.5%, the group's registrations increased by 9.3% and brought the group's market share to more than 10% "through the successful renewal of the range".

However, on a global basis, Renault brand passenger car sales were down 3% in the first half at 885,324 units. The low-cost Dacia brand was much more successful, with car sales up 9.7% to 269,451 units.