Renault Q3 revenue up 13%
Renault Group Q3 revenue amounted to €10.5 billion, 13% more than for the same period last year. The increase is mainly due to strong performance in Europe, and the success of the entire Renault range, the Group said.
Worldwide, Renault’s Q3 unit sales increased by 16% to 721,741 vehicles, outpacing the market, which expanded by 5%. In Europe, Renault sales were up 11.3% in a market up 5.3%. Outside Europe, the Group grew by 21.5%, with significant expansion in the Africa, Middle East and India Region (+85%). Market share grew across all regions. Market share in Europe grew 0.5 points to 9.5%. Global market share increased by 0.3 points to 3.3%.
Renault-brand sales rose by 8.1%, thanks to the new Mégane (pictured), Kadjar, Espace and Talisman models. Clio IV remains the second-bestselling vehicle in Europe and Captur was again the leading crossover in its class. In Europe, in the electric vehicle segment, Renault’s market share came to 20.8% in the third quarter, while ZOE posted a 22.4% growth. Sales under the Dacia brand increased by 22.1%, due chiefly to Sandero Stepway and Duster.
Of Renault Group’s total revenues, just under €10 billion (+13.5%) came from automotive. Sales Financing via (RCI Banque reported revenues of €557 million, up 4.3%. New financing contracts were up by 10%.
For the whole of 2016, Renault expects the global market to grow by around 1.7%, and both the overall European and French markets by at least 5%. Brazil and Russia are expected to decline by up to 20% and 12% respectively. China (+5%) and India (+9%) should maintain robust growth.
Image: public domain
| 27/10/2016 | Frank Jacobs