Renault sales down 3.3 percent in the first half of 2012 image

Worldwide Renault passenger car sales dropped 3.3 percent in the first six months of this year, affected by poor results in Europe.

Renault delivered 1.33 million light vehicles in the first half of 2012, even though the company reported a 1.2 percent rise in the second quarter. Renault’s European sales fell 14.9 percent, with the continent being the only region in which Renault lost sales.

“The Group still expects 2012 unit sales to exceed the level reached in 2011, provided that there is no further deterioration of the market situation in Europe,” Jerome Stoll, Renault sales chief, said in a statement.

As European sales dropped, deliveries in emerging markets such as Russia and Brazil were very good (+28.6% and +37.3% respectively). As a consequence, Renault’s dependancy on the European market decreased: 47% of the automaker’s sales are now made outside Europe, compared with 39% on first half 2011.

The global automotive market is expected to grow 5 percent in 2012, according to Renault’s estimations. The company also forecasts a 6-7 percent decrease in Europe and an even bigger drop in France, of 10-11 percent.