PSA, Renault say that sales increased in the H1 thanks to non-European markets

Article by Christian Andrei, on July 14, 2011

Sales of rivals PSA/Peugeot-Citroen SA and Renault SA both increased for the first half of the year, driven by a rise in non-European growth. Renault disclosed last Monday that its global sales for the first six months of this year on car and light commercial vehicle increased 1.9 percent to 1.374 million, brought about by a strong increase in sales outside the Europe region.

The automaker, whose group brands include Renault Samsung Motors and Dacia, revealed that the share of group vehicles sold outside the region increased 6 percentage points to 40 percent, aided by the market in Russia and Brazil.

The company reduced its whole-year estimate for the international market and expects diverging trends between Europe and the rest of the world in the second half, with a 3 to 4 percent increase in the overall market for the whole of 2011 but a 0-2 percent dip in Europe.

In January, the company estimated an increase of more than 4 percent for the global market for 2011. However, the estimate was made before the March 11 earthquake interrupted Japanese suppliers of vehicle components and made an impact on the international automotive industry.

The vehicle manufacturer stated that the supply difficulties that affected its own sales in the past months were not related to the disaster in Japan but to problems with suppliers ramping up capacity after the financial crisis.

Hence, it believes that the problems will start to ease from this month. The company, in a statement, revealed that the production sites of the group will return to a high level of activity starting in the later part of August and delivery times will become shorter.

Topics: psa, renault, sales

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