French automaker Renault steers to data sales in first half

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French automaker Renault said on Monday that it sold a record 1.9 million vehicles in the first six months on the back of thriving sales in the Asia-Pacific region.

Sales and marketing chief, Thierry Koskas said, “We set a new record with sales of over 1.88 million vehicles in a six-month period. Our sales volumes and market share increased for all our brands and in all regions.”

It incised up 10.4 percent growth over the similar period a year earlier and far passed the overall market which expanded by 2.6 percent.

Renault lifted its market share by 0.3 percent to 4.1 percent As a result.

All of the group’s brands Renault, Dacia, Renault Samsung Motors and Lada were able to hoist both market share and volume.

Sales were also higher in all regions, with the strongest increase of 50.5 percent seen in the Asia-Pacific region, powered by a magnifying of sales in Iran.

Looking ahead to the full year, Renault said it “confirms its 2017 sales objectives with growth in sales and market share in Europe and outside Europe.”

In volume terms, Renault said it is pencilling in growth of 1.5-2.5 percent globally and growth of two percent on both the European and French markets.

Source: AFP

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