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Groupe Renault first half sales fall to 35%

Published: July 23, 2020
Author: moosa.nayeem

The French Automotive Group, which suspended sales and industrial activities in most countries from mid-March, has reported a 34.9% drop in sales to 1,256,658 units in the first half of the year, in a market index allegedly down 28.3%.

In the first half of 2020, sales of the Renault brand rose 38% globally, with more than 42,000 vehicles sold in the period. In Europe, the Zoe remains the brand’s best-selling model, with a sales growth close to 50% to 37,540 units and reaching a record level of orders in June; close to 11,000 orders. The electric offensive with the arrival of Twingo Z.E. and the launch of E-TECH hybrid engines (New Clio Hybrid, New Captur Plug-In Hybrid and New Megane Estate Plug-In Hybrid) are said to have strengthened the Group’s trajectory towards achieving its Corporate Average Fuel Economy (CAFÉ) objectives for 2020.

In Europe, Groupe Renault sales totalled 623,854 units for the first six months of 2020, a 41.8% decline in a market index that was down 38.9%, according to the manufacturer. The Group said it successfully renewed all its B-segment models under the Renault brand (Clio, Captur and Zoe), with the new Clio as the best-selling vehicle in the period. Outside Europe, the Group said was particularly affected by the market downturn in Russia (-23.3%), India (-49.4%), Brazil (-39.0%) and China (-20.8%).

In the month of June, Group sales in Europe returned to growth with Renault and Dacia achieving respectively 10.5% (leading brand) and 3.5% market share.

Reference:

Groupe Renault sales fall 35% in first half – International Leather Maker. (n.d.). Retrieved July 23, 2020, from

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