Groupe Renault maintains its market share in the first half of the year

France
Published:  17 July, 2019

The automotive Group’s sales declined 6.7% in the first half of 2019 against the wider market which fell 7.1%, with a total of 1,938,579 vehicles sold worldwide; constituting a market share of 4.4%. 

Groupe Renault sales remained stable in Europe in a market that fell 2.5%. In regions outside Europe, the French carmaker's sales followed the sharply declining global trend and suffered in particular from the market decline in Turkey (-44.8%) and Argentina (-50.2%), and the end of sales in Iran since August 2018; Groupe Renault had sold 77,698 vehicles there in the first half of 2018.

In the electric vehicle segment, Renault brand sales volumes worldwide increased 42.9% to more than 30,600 units. In Europe, ZOE saw its volumes increase by 44.4% (25,041 vehicles) and Kangoo Z.E. by 30.7% (4,653 vehicles). In the second half of the year, in China, the Group will launch Renault City K-ZE and accelerate its offensive in electric vehicles by investing in JMEV, the fifth largest electric vehicle manufacturer in the country.

In Russia, sales fell 0.9% in a market that fell by 2.4%. In Brazil, the Group outperformed the market recovery, which rose 10.5%. Sales increased 20.2% to 112,821 vehicles and market share reached 9.1% (+0.7 points) thanks to the good results of Kwid, which was sold more than 40,500 units, up 36.5% to become the 5th best-selling vehicle; up from 9th in the first half of 2018. In Africa, the Group is strengthening its leadership with a 19.3% market share with nearly 110,000 vehicles sold, thanks in particular to its performance in Morocco, South Africa and Egypt. In China, Group volumes decreased 23.7% in a market that fell by 12.7% pending the launch in the second half of Renault City K-ZE, the new electric city car.

In 2019, the Group expects the global automotive market to decline compared with 2018. The European market is forecast to remain stable (excluding "hard Brexit"), the Russian market to be down between 2% to 3% and the Brazilian market to grow around 8%.