17 Jumada I 1446 - 18 November 2024
    
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Eye of Riyadh
Cars & Autos | Thursday 21 January, 2016 11:34 am |
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Group Renault Announces Third Consecutive Year of Sales Growth

In 2015, Group Renault's PC+LCV worldwide registrations saw a further rise of 3.3% for a total of 2.8 million vehicles, in a market that grew by 1.6%. This third consecutive year of growth in registrations allowed the Group to set a new sales record. The Group's worldwide market share now stands at 3.2%. The Renault brand remains the number one French brand in the world.

The Group continues to benefit from the momentum of the European automotive market (+9,4%) and realized a 10.2% increase in registrations to 1,613,499 vehicles, for a market share of 10.1%. Renault is the leader in the electric vehicle market here and, for the 18th consecutive year, is the leader in the LCV market.

Outside Europe, despite the economic crises in Russia and Latin America, the Group held steady and recorded market share gains in the Africa, Middle East and India and Eurasia regions.

Thierry Koskas, Group Renault Executive Vice President, Sales and Marketing, announced: "2015 marks another year of increased sales by Group Renault and we have beaten our previous sales record. Despite economic conditions that continue to vary from one region to another, our growth is constant and validates the geographic diversification strategy pursued these past years."

In the Africa, Middle East and India region, Group registrations increased nearly 17%, for a market share of 4.5%.The Group has more than one-third of the North African market. In Algeria, the Group saw a record market share (35.6%) with a significant 8.7 points gain, benefiting from the local manufacture of Symbol in Oran. In Morocco, where Dacia and Renault are the leading and second brands, respectively, registrations increased 11.5%. The Group's market share was more than 38.2% (+1,2 point). 

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