Renault reports rise in sales and market share for H1
For the first half of 2010, Renault has reported a 21.6% increase in sales of passenger cars and LCVs to 1,347,169 units. The group increased its market share to 3.9%.
The rise was attributed to new product launches.
Jerome Stoll, executive vice-president of sales and marketing and light commercial vehicles, said: 'These results can be explained primarily by the strong market momentum set up by the renewal of product ranges across all three brands and also by the measures put in place to support the automotive market, of which the group has taken full advantage.'
Renault said it increased market share in 12 of its 15 main markets, with only Germany, Argentina and Iran showing drops. In Europe, the Renault group's sales of passenger cars and LCVs were up by 21.6% in a market that expanded by 1.5%. This gives it a market share of 10.8%, up by 1.8 points.
In Brazil, where the market expanded by 7.5%, the group reported a 26.6% rise in sales. Market share is up by 0.7 points to 4.3%. In Russia, the group increased market share by 0.6 points to 5.4%.
Renault said that the second half of the year should see diverging performances between Europe and the rest of the world due to more favourable economic fundamentals outside of Europe.
The group says it expects the global market to expand by around 8% in 2010 compared with 2009, with the European market estimated to fall between 7% and 9% on last year.
Mr Stoll commented: 'Our objective for 2010 is to continue building market share for all our brands in all Renault Group regions. In Europe, we will consolidate the market share that we have reclaimed with the Renault brand to confirm our third position in PC sales and the leadership of the Renault brand in LCV sales. Outside Europe, we will continue our offensive by stepping up our presence in emerging countries, which will drive growth in the years to come.'