Groupe Renault shows 15.9% growth
Groupe Renault recently reported a revenue increase of 15.9% in the third quarter of 2017. This came to €12,218 million. When viewed outside of the scope of the AVTOVAZ consolidation and the impact it had on the group, this number still comes to a respectable €11,584 million, which points to a 9.8% increase (12.2% if you take constant exchange rates into account). All in all, a very good quarter.
But that’s not all. In the wake of this exciting news, it was also revealed that European group registrations rose 4.9%, which accounted for 397,097 new vehicles registered in a market that only grew by 1.4%. This brings Renault’s market European market share to 9.9% – an increase of 0.3 points. Overall, the brand’s growth for the quarter sits at 2.9%, thanks in large part to the newly launched Koleas. Additionally, the Clio remains a firm favourite as Europe’s runner-up for best-selling car, and the Captur takes top honours in the crossover segment.
Renault is also forging the way ahead in terms of electric vehicles. The immensely popular ZOE Z.E.40 e-car has been the talk of the global town, with 6,665 sales in the third quarter along, constituting a 67% increase. There was also a marked 10.3% increase in sales on the Dacia, which has in part been influenced by the 12% upswing in sales on the Sandero.
And that’s just in Europe. Renault also reported bumper sales in other markets. This includes:
- Eurasia: 24.3% increase in a market that grew by 15.5%.
- Russia: 22.9% increase, bringing market share to 28.2% (1.2 point rise).
- Turkey: 40.6% increase, bringing market share to 18.8% (3.5 point rise).
- Asia-Pacific: 21.1% increase in a market that grew by 4.7%.
- China: 123.6% increase. Yes, you read that right.
- America: 14% increase in a market that grew by 7.1%, bringing market share to 7.3% (0.4 point rise).
- Brazilia: 24.8% increase in a market that grew by 14.6%.
- Argentina: 7.7% increase, bringing market share to 18.5%.
- Iran: 28.1% increase, bringing market share to 10.5% (0.8% rise).
Sales fell in the following regions:
- South Korea: Decreased by 8.2%.
- Africa, Middle-East, India: Decreased by 1.3% in a market that grew by 4.2%.
For more information on Groupe Renault’s performance in the third quarter, read more here. Or, better yet, get in touch with your closest Group1 Renault dealer, visit the showroom to see the new models in person and get the info straight from the horse’s mouth.
