Renault Sales Explode in the Red-Hot China Car Market

Renault Sales Explode in the Red-Hot China Car Market

Renault Sales Explode in the Red-Hot China Car Market

The wider market advanced 2.6% in the first half, according to Renault.

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

Renault sold 1.88 million vehicles in the first six months of the year compared with 1.70 million in the same period last year.

Other firms to have benefitted from the return to growth were Honda, Nissan and Toyota, who saw sales rise by 18.7%, 6.7% and 5.4% respectively.

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

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The QM6 and SM6 range strengthened the auto manufacturer's position in South Korea, Kaptur, Vesta and Xray in Russia, Koleos in China, Mégane Sedan in Turkey and Oroch in the Americas.

"We set a new record with sales of over 1.88 million vehicles in a six-month period." says sales and marketing chief, Thierry Koskas.

The multinational company saw their sales volumes and market share rocket in all regions, particularly in Iran where sales jumped 100.3% for a market share of 9.8% - a four point increase - all thanks to the success of the Tondar and Sandero models. There have been speculations about a seven-seat version of the compact SUV which was rumoured to be called the "Grand Duster" but Renault's commercial director Francois Mariotte has denied the development of any such model.

Growth would be considerably stronger outside of Europe Renault said, with India seen growing by 8%, Brazil and China by 5% and Russian Federation by more than 5%.

In terms of the full-year outlook, the French and European markets were seen growing 2% while the global market was expected to expand by between 1.5% and 2.5%.

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