Renault sales surge 3.2 percent in 2014 image

Buoyed by demand in Europe for the two core brands – Renault and affordable unit Dacia – France’s second largest carmaker – Renault SA, managed to post a positive delivery result last year.

The automaker said in a statement that its sales grew roughly 3.2 percent from the same period of 2013 to 2,712,432 new passenger cars and light trucks in 2014, supported primarily by gains in the European region that offset lagging sales elsewhere. Thanks mainly for the great sales of the Renault Clio subcompact and Captur crossover, together with the Dacia Sandero hatchback and Duster SUV, European deliveries jumped 12.5 percent last year, thoroughly outgrowing the overall market – which soared just 5.4%. On the other hand, for all other regions the new registrations dropped 5.9%, with a 10.7% fall for the Americas and a 9.2 percent drop in Africa, the Middle East and India. Renault said its forecast is for continued expansion in its core region – Europe – this year as well, even though the company’s third-largest market, Russia, is predicted to dive 20 to 25 percent.

Jerome Stoll, Renault’s executive committee member responsible for sales and marketing said that Renault sees an “increase in global volumes, the strengthening of the position in Europe and improvements in positions on main emerging markets,” with a global market growth prospect of a modest 2% above the 2014 level. The carmaker also predicts a stalling European surge of one to 2%, with the situation in France remaining more stable than last year, when it recorded both increases and decreases on a regular monthly basis.

Via Reuters